Form 4: Campbell's Director Maria Teresa Hilado Increases Phantom Stock Holdings
Insider Transaction Report
Campbell's Company Director Maria Teresa Hilado reported an acquisition of 1,459.54 phantom stock units, increasing her total beneficial ownership to 32,860.64 units, including shares from dividend reinvestment.
Summary
- Maria Teresa Hilado, a Director of Campbell's Co (CPB), acquired 1,459.54 shares of Phantom Stock.
- The transaction date for this acquisition was June 26, 2025.
- Following this acquisition, her total beneficial ownership of Phantom Stock is 32,860.64 shares.
- This total includes 338.02 shares acquired through dividend reinvestment since her last report.
- Each phantom stock share is the economic equivalent of one share of Campbell's common stock.
- The phantom shares are fully vested, and their value is payable in cash from the Company's Supplemental Retirement Plan upon her retirement, resignation, or termination.
Sentiment
Score: 7
Explanation: The acquisition of phantom stock by a director, particularly when it includes dividend reinvestment, generally indicates a positive alignment of interests and confidence in the company, although it is a standard compensation event rather than a direct investment decision.
Positives
- The increase in a director's beneficial ownership, even through phantom stock, indicates continued alignment with shareholder interests.
- Phantom shares are fully vested, providing a clear future benefit to the director upon a qualifying event.
- The inclusion of shares acquired through dividend reinvestment suggests a long-term holding strategy by the director.
Future Outlook
This document, an insider transaction report, does not contain forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing is a routine disclosure of an insider's compensation-related transaction and does not provide broader insights into industry trends or competitive dynamics.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Maria Teresa Hilado granted power of attorney to Charles A. Brawley, III, Marci K. Donnelly, Andrew D. Kupchik, and Kishan Mistry to prepare and file SEC Forms 3, 4, 5, and 144 on her behalf. | 02/27/2025 | This streamlines the process for the director to comply with Section 16 reporting requirements, ensuring timely and accurate filings of insider transactions. |
Related Party Transactions
- Acquisition of 1,459.54 phantom stock units by Director Maria Teresa Hilado as part of her compensation from Campbell's Co, which is a standard related-party compensation arrangement.
Stakeholder Impact
- Shareholders: The director's increased phantom stock holdings align her financial interests with those of the shareholders, as the value of the phantom stock is tied to the performance of the common stock.
Next Steps
- The value of the Phantom Stock is payable in cash from the Company's Supplemental Retirement Plan upon the reporting person's retirement, resignation, or termination.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date the Power of Attorney was executed by Maria Teresa Hilado. |
| 06/26/2025 | Date of transaction for the acquisition of Phantom Stock. |
| 06/30/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Campbell's Co, CPB, Maria Teresa Hilado, SEC Form 4, Insider Transaction, Phantom Stock, Director Compensation, Beneficial Ownership, Dividend Reinvestment
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