Form 4: Campbell's Director Reports Acquisition of Phantom Stock and Increased Beneficial Ownership
Insider Transaction Report
Campbell's Director Keith R. McLoughlin reported the acquisition of 2,761.63 phantom stock units, increasing his total beneficial ownership to 54,642.51 units.
Summary
- Director Keith R. McLoughlin of Campbell's Co (CPB) reported a transaction on June 26, 2025.
- The transaction involved the acquisition of 2,761.63 phantom stock units.
- Each phantom stock unit is the economic equivalent of one share of Campbell's common stock.
- These phantom shares are fully vested.
- 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.
- Following this transaction, McLoughlin's total beneficial ownership of phantom stock is 54,642.51 units.
- This total includes 558.47 shares acquired through dividend reinvestment since McLoughlin's last report.
Sentiment
Score: 7
Explanation: The acquisition of phantom stock and dividend reinvestment by a director indicates continued alignment of interests with shareholders and confidence in the company, which is generally a positive signal.
Positives
- Director Keith R. McLoughlin acquired 2,761.63 phantom stock units, indicating continued equity participation and alignment with shareholder interests.
- Beneficial ownership increased to 54,642.51 phantom stock units, including 558.47 units acquired through dividend reinvestment, demonstrating ongoing accumulation of equity.
Future Outlook
N/A
Industry Context
N/A
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Execution of a Power of Attorney by Keith R. McLoughlin, granting Charles A. Brawley, III, Marci K. Donnelly, Andrew D. Kupchik, and Kishan Mistry the authority to prepare, execute, and file SEC Forms 3, 4, 5, and 144 on his behalf. | February 27, 2025 | Streamlines compliance with Section 16 reporting requirements for the reporting person, ensuring timely and accurate filings. |
Stakeholder Impact
- Shareholders: The acquisition of phantom stock by a director increases their equity interest, aligning their financial incentives more closely with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of execution of the Power of Attorney by Keith R. McLoughlin. |
| 06/26/2025 | Date of the earliest transaction reported, involving the acquisition of phantom stock. |
| 06/30/2025 | Signature date for the Form 4 filing by Marci K. Donnelly, Attorney-in-Fact. |
Recommendation
holdKeywords
Campbell's, CPB, Phantom Stock, Insider Transaction, Form 4, Director, Equity Compensation, Beneficial Ownership, Dividend Reinvestment
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