Campbell's (NYSE: CPB) director receives new Phantom Stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Campbell's Co director Maria Teresa Hilado reported a grant of 1,963.82 shares of Phantom Stock, each economically equivalent to one share of Campbell's common stock. This award is fully vested and increases her Phantom Stock balance to 41,986.08 shares.
The Phantom Stock is payable in cash from the company’s Supplemental Retirement Plan upon her retirement, resignation or termination. The reported balance also includes 747.18 Phantom Stock shares that were acquired through dividend reinvestment since her prior report.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hilado Maria Teresa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,963.82 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 41,986.08 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 747.18 shares acquired through dividend reinvestment since the reporting person's last report.
Key Figures
Phantom Stock grant: 1,963.82 shares
Total Phantom Stock after grant: 41,986.08 shares
Dividend reinvestment Phantom Stock: 747.18 shares
+1 more
4 metrics
Phantom Stock grant
1,963.82 shares
Grant of Phantom Stock on 2026-06-29
Total Phantom Stock after grant
41,986.08 shares
Director’s Phantom Stock balance following transaction
Dividend reinvestment Phantom Stock
747.18 shares
Phantom Stock acquired via dividend reinvestment since last report
Exercise price of Phantom Stock
$0.00 per share
Conversion or exercise price for Phantom Stock units
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
"The value of Phantom Stock is payable in cash from the Company's Supplemental Retirement Plan upon reporting person's retirement, resignation or termination."
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 747.18 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 did Campbell's (CPB) director Maria Teresa Hilado report on this Form 4?
Maria Teresa Hilado reported receiving 1,963.82 Phantom Stock shares, fully vested and economically equivalent to common stock. After this grant and prior dividend reinvestments, her Phantom Stock balance rose to 41,986.08 shares under Campbell’s compensation arrangements.
What is Phantom Stock in Campbell's (CPB) director compensation?
Phantom Stock is a cash-settled award whose value mirrors Campbell’s common stock. Each Phantom Stock share is the economic equivalent of one common share, allowing directors to benefit from share price movements without receiving actual stock certificates or current voting rights.
When will Campbell's (CPB) pay the value of this Phantom Stock to the director?
The value of the Phantom Stock will be paid in cash from Campbell’s Supplemental Retirement Plan upon the director’s retirement, resignation, or termination. This makes the award a deferred compensation arrangement rather than an immediate cash or stock payout.
What does dividend reinvestment mean for Campbell's (CPB) Phantom Stock awards?
Dividend reinvestment means cash dividends that would be paid on equivalent common shares are instead converted into additional Phantom Stock units. In this case, 747.18 Phantom Stock shares were acquired through dividend reinvestment since the director’s previous ownership report.