Campbell's Co (CPB) director awarded 1,977 phantom stock units as deferred cash-based compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Averill Howard M reported acquisition or exercise transactions in this Form 4 filing.
Campbell's Co director Howard M. Averill received a new compensation award in the form of phantom stock. On June 29, 2026, he was granted 1,977.4 phantom stock units at no cost. Each unit is the economic equivalent of one share of Campbell's common stock.
The grant increases his phantom stock balance to 39,343.3 units, which includes 697.59 units accumulated through dividend reinvestment since his prior report. The phantom shares are fully vested and will be settled in cash under the company’s Supplemental Retirement Plan when he retires, resigns, or his service otherwise terminates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Averill Howard M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,977.4 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 39,343.3 shares (Direct, null)
Footnotes (1)
- Each share of Phantom Stock is the economic equivalent of one share of issuer common stock. Phantom shares are fully vested. The value of Phantom Stock is payable in cash from the Company's Supplemental Retirement Plan upon reporting person's retirement, resignation or termination. Includes 697.59 shares acquired through dividend reinvestment since the reporting person's last report.
Key Figures
Phantom stock grant: 1,977.4 units
Total phantom stock after grant: 39,343.3 units
Dividend reinvestment units: 697.59 units
+1 more
4 metrics
Phantom stock grant
1,977.4 units
Grant on June 29, 2026
Total phantom stock after grant
39,343.3 units
Holdings following transaction
Dividend reinvestment units
697.59 units
Accumulated since last report
Grant price per unit
$0.00 per unit
Compensation award, no purchase cost
Key Terms
Phantom Stock, Supplemental Retirement Plan, dividend reinvestment
3 terms
Phantom Stock financial
"Each share of Phantom Stock is the economic equivalent of one share of issuer common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Supplemental Retirement Plan financial
"payable in cash from the Company's Supplemental Retirement Plan upon reporting person's retirement"
An extra retirement savings arrangement offered in addition to a company’s primary pension or retirement plan, designed to boost an employee’s income after leaving the workforce; it can be funded by the employer, the employee, or both and sometimes targets higher-paid staff. Investors care because these plans can create future cash obligations or influence payroll costs and employee retention—think of it as a second savings jar a company keeps for workers’ later years.
dividend reinvestment financial
"Includes 697.59 shares acquired through dividend reinvestment since the reporting person's last report."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
What insider transaction did Campbell's Co (CPB) report for Howard M. Averill?
Campbell's Co reported that director Howard M. Averill received 1,977.4 phantom stock units as a compensation award. The units are fully vested, cost him nothing, and increase his total phantom stock balance to 39,343.3 units tied to future cash payment.
What is phantom stock in the Campbell's Co (CPB) Form 4 filing?
In this filing, phantom stock represents units economically equivalent to Campbell's common shares. They do not deliver actual stock but track share value, with the cash value payable later from the Supplemental Retirement Plan when the director’s service ends.
How many phantom stock units does Howard M. Averill hold after this Campbell's Co (CPB) grant?
After the June 29, 2026 grant of 1,977.4 phantom stock units, Howard M. Averill holds 39,343.3 phantom stock units. This total includes 697.59 units that were accumulated through dividend reinvestment since his last reported holdings.
Does the Campbell's Co (CPB) phantom stock grant involve open-market buying or selling?
No, the phantom stock grant is a compensation-related award, not an open-market trade. The director did not buy or sell Campbell's shares; instead, he received 1,977.4 phantom stock units at no cost as part of his benefit arrangements.
When will the Campbell's Co (CPB) phantom stock be paid to Howard M. Averill?
According to the filing, the value of the phantom stock will be paid in cash from Campbell's Supplemental Retirement Plan. Payment occurs upon Howard M. Averill’s retirement, resignation, or termination of service, rather than immediately at the time of the grant.
How were dividend reinvestments reflected in Howard M. Averill’s Campbell's Co (CPB) phantom stock holdings?
The filing notes that his total phantom stock balance includes 697.59 units gained through dividend reinvestment. These additional units accumulated automatically since his last report, increasing the value of his deferred compensation position over time.