Form 4: Campbell's Co Director Hofstetter Reports Acquisition of Phantom Stock

Director Sarah Hofstetter reports acquiring phantom stock and dividend reinvestments in Campbell's Co.

Summary

• Sarah Hofstetter, a director of Campbell's Co [CPB], filed a Form 4 indicating changes in beneficial ownership.
• The report details the acquisition of phantom stock equivalent to 1,054.82 shares of common stock on March 27, 2025.
• These phantom shares are fully vested and payable in cash upon retirement, resignation, or termination from the company's Supplemental Retirement Plan.
• The report also includes 222.58 shares acquired through dividend reinvestment since the last report, bringing the total beneficially owned to 24,100.1 shares.
• The filing was signed by Marci K. Donnelly, Attorney-in-Fact, on March 28, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard regulatory filing detailing stock transactions.

Positives

• The acquisition of phantom stock and dividend reinvestment indicates continued investment in the company by a director.

Future Outlook

NA

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in the holdings of a director at Campbell's Co.

Key Dates

Keywords

Form 4, beneficial ownership, phantom stock, dividend reinvestment, director, CPB, Campbell's Co, Hofstetter, acquisition