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

Director Howard M. Averill reports acquiring phantom stock in Campbell Soup Co. through a transaction on March 27, 2024.

Summary

• Howard M. Averill, a director of Campbell Soup Co., filed a Form 4 indicating changes in beneficial ownership.
• The transaction involved the acquisition of 971.16 shares of phantom stock on March 27, 2024.
• The reporting person directly owns 23,678.71 shares of phantom stock following the reported transaction.
• This amount includes 190.30 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing related to insider transactions.

Positives

• The acquisition of phantom stock could indicate confidence in the company's future performance.
• Dividend reinvestment suggests a long-term investment strategy by the director.

Future Outlook

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 routine disclosures required by the SEC to provide transparency regarding insider transactions. This filing indicates a director's acquisition of phantom stock, which is a form of deferred compensation.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's holdings.
• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.

Key Dates