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

Director Howard M. Averill reports acquisition of phantom stock and dividend reinvestment in Campbell Soup Co.

Summary

• On September 26, 2024, Howard M. Averill, a director of Campbell Soup Co., reported acquiring phantom stock equivalent to 870.09 shares of common stock.
• The phantom shares are fully vested and payable in cash upon retirement, resignation, or termination from the company's Supplemental Retirement Plan.
• Averill also acquired 195.40 shares through dividend reinvestment since the last report.
• Following the reported transaction, Averill beneficially owns 25,886.15 shares of phantom stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard regulatory filing reporting a transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The acquisition of phantom stock and dividend reinvestment indicates a continued investment in the company by a director.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Key Dates