Form 4: Campbell's Director Acquires Phantom Stock

Campbell's Director Sarah Hofstetter acquired 1,483.13 shares of phantom stock, increasing her beneficial ownership to 29,156.91 shares.

Summary

• Sarah Hofstetter, a Director of Campbell's Co. (CPB), reported an acquisition of phantom stock.
• The transaction date for the acquisition was December 29, 2025.
• 1,483.13 shares of Phantom Stock were acquired.
• Following this transaction, Sarah Hofstetter beneficially owns a total of 29,156.91 shares of Phantom Stock.
• This total includes 356.20 shares acquired through dividend reinvestment since the reporting person's last report.
• Each share of Phantom Stock is the economic equivalent of one share of issuer common stock.
• The phantom shares are fully vested.
• The value of Phantom Stock is payable in cash from the Company's Supplemental Retirement Plan upon the reporting person's retirement, resignation, or termination.

Sentiment

Score: 6

Explanation: The filing reports a routine acquisition of phantom stock by a director as part of a compensation plan, including dividend reinvestment. This is generally a neutral event, but insider acquisition can be seen as a minor positive signal of confidence.

Positives

• A director increased their beneficial ownership through the acquisition of 1,483.13 phantom stock units, which can signal confidence in the company's future.
• 356.20 shares were acquired through dividend reinvestment, indicating a continued commitment to holding company equity.

Future Outlook

NA

Industry Context

This is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual director's compensation and equity holdings within Campbell's Co.

Stakeholder Impact

• Shareholders: May view the director's increased beneficial ownership as a minor positive signal of alignment with shareholder interests.

Key Dates

Keywords

Campbell's Co, CPB, Form 4, Insider Transaction, Phantom Stock, Director, Beneficial Ownership, Stock Acquisition