Form 4: Campbell Soup Co. Director Maria Teresa Hilado Reports Acquisition of Phantom Stock

Director Maria Teresa Hilado reported acquiring phantom stock in Campbell Soup Co. through a transaction on March 27, 2024.

Summary

• On March 27, 2024, Maria Teresa Hilado, a director of Campbell Soup Co., acquired 968.63 units of phantom stock.
• The phantom stock is fully vested and economically equivalent to shares of Campbell Soup Co. common stock.
• The value of the phantom stock will be paid in cash upon the reporting person's retirement, resignation, or termination from the company's Supplemental Retirement Plan.
• The reporting person directly owns 26,151.77 shares of common stock, which includes 211.05 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The value of the Phantom Stock is payable in cash from the Company's Supplemental Retirement Plan upon reporting person's retirement, resignation or termination.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.

Stakeholder Impact

• The acquisition of phantom stock by a director signals confidence in the company's future, which could positively influence shareholder sentiment.

Key Dates