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

Director Kurt Schmidt reports acquisition of phantom stock in Campbell's Co, along with dividend reinvestment.

Summary

• On March 27, 2025, Kurt Schmidt, a director of Campbell's Co, reported acquiring phantom stock.
• The transaction involved the acquisition of 1,806.47 shares of phantom stock.
• Schmidt also acquired 386.93 shares through dividend reinvestment since the last report.
• Following the reported transaction, Schmidt beneficially owns 41,868.77 shares.
• The phantom stock is payable in cash upon the reporting person's retirement, resignation, or termination.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, indicating confidence in the company's future, but it's not overwhelmingly positive or negative.

Positives

• The acquisition of phantom stock and dividend reinvestment increases the director's stake in the company, aligning their interests with shareholders.
• The phantom stock is fully vested, providing immediate economic benefit to the director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The increased stake of a director in the company can be viewed positively by shareholders, as it aligns management's interests with theirs.

Key Dates

Keywords

Phantom Stock, Director, Form 4, Dividend Reinvestment, Beneficial Ownership, Campbell's Co, CPB