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

Maria Teresa Hilado, a director of Campbell Soup Co., reported the acquisition of phantom stock units, representing indirect ownership of common stock, through the company's Supplemental Retirement Plan.

Summary

• On September 26, 2024, Maria Teresa Hilado, a director of Campbell Soup Co., filed a Form 4 to report changes in beneficial ownership.
• The report indicates the acquisition of 863.77 units of Phantom Stock, which are the economic equivalent of common stock shares.
• These phantom shares are fully vested and payable in cash upon the director's retirement, resignation, or termination from the company's Supplemental Retirement Plan.
• The director directly owns 28,381.34 shares of common stock, which includes 214.93 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• Dividend reinvestment indicates a continued investment in the company's stock.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The acquisition of phantom stock is a common form of executive compensation, aligning management's interests with shareholder value.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings and alignment with company performance.

Key Dates