Form 4: Campbell's Director Howard Averill Boosts Beneficial Ownership with Phantom Stock Acquisition
Insider Transaction Report
Campbell's Director Howard M. Averill reported the acquisition of 1,469.64 phantom stock units, increasing his total beneficial ownership to 30,319.69 units.
Summary
- Howard M. Averill, a Director of Campbell's Co (CPB), acquired 1,469.64 shares of phantom stock on June 26, 2025.
- Each phantom stock unit is the economic equivalent of one share of Campbell's common stock.
- These phantom shares are fully vested, and their value is payable in cash from the Company's Supplemental Retirement Plan upon the reporting person's retirement, resignation, or termination.
- Following this transaction, Averill's total beneficial ownership of phantom stock is 30,319.69 units.
- The reported beneficial ownership includes 310.56 shares acquired through dividend reinvestment since the last report.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction (acquisition of phantom stock as part of compensation) which is neutral in sentiment. It does not indicate any significant positive or negative operational or financial news for the company.
Positives
- The acquisition of phantom stock by a director aligns their financial interests with those of shareholders, as the value is tied to the company's common stock performance.
- Phantom shares are fully vested, indicating immediate economic interest and a commitment to the company's long-term success.
- The inclusion of dividend reinvestment in the beneficial ownership suggests ongoing participation and a long-term holding strategy by the director.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization | Howard M. Averill granted a Power of Attorney to specific individuals (Charles A. Brawley, III, Marci K. Donnelly, Andrew D. Kupchik, and Kishan Mistry) to prepare, execute, and file SEC Forms 3, 4, 5, and 144 on his behalf, ensuring compliance with Section 16 of the Securities Exchange Act of 1934 and Rule 144 under the Securities Act of 1933. | 02/27/2025 | This streamlines the process for insider reporting, ensuring timely and accurate compliance with SEC regulations for the director's transactions and holdings. |
Stakeholder Impact
- Shareholders: The acquisition of phantom stock by a director aligns their interests with shareholders, as the value of the phantom stock is tied to the company's common stock performance.
- Employees: The phantom stock is part of a Supplemental Retirement Plan, which could be seen as a benefit for the reporting person (an employee/director).
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Execution date of the Power of Attorney granted by Howard M. Averill for SEC filings. |
| 06/26/2025 | Date of the reported transaction where Howard M. Averill acquired phantom stock. |
| 06/30/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Campbell's Co, CPB, Howard M. Averill, Director, Phantom Stock, Insider Transaction, SEC Form 4, Beneficial Ownership, Executive Compensation
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