Form 4: Campbell's Co Director Lautenbach Acquires Phantom Stock

Director Marc Bradley Lautenbach acquired phantom stock in Campbell's Co, equivalent to 1,133.78 shares of common stock, through the company's Supplemental Retirement Plan.

Summary

• On March 27, 2025, Marc Bradley Lautenbach, a director of Campbell's Co, acquired phantom stock equivalent to 1,133.78 shares of common stock.
• The phantom stock is fully vested and payable in cash upon retirement, resignation, or termination from the company's Supplemental Retirement Plan.
• Lautenbach's holdings include 350.65 shares acquired through dividend reinvestment since the last report, bringing the total beneficially owned to 37,439.69 shares.
• The transaction was reported on March 28, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction report, and the acquisition of phantom stock by a director can be seen as a slightly positive sign of confidence, but it's not a major event.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Insider transactions are closely watched as indicators of management's view on the company's prospects. Phantom stock is a common form of deferred compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects insider activity, which is often monitored for sentiment.

Key Dates

Keywords

phantom stock, director, Campbell's Co, CPB, Lautenbach, beneficial ownership, Form 4, SEC filing, dividend reinvestment, Supplemental Retirement Plan