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

Director Sarah Hofstetter reports acquiring phantom stock in Campbell Soup Co. through a dividend reinvestment and the company's Supplemental Retirement Plan.

Summary

• On March 27, 2024, Sarah Hofstetter, a director of Campbell Soup Co., reported acquiring phantom stock.
• The acquisition includes 890.63 shares of phantom stock.
• These phantom shares are fully vested and payable in cash upon retirement, resignation, or termination from the company's Supplemental Retirement Plan.
• The report also indicates that 157.85 shares were acquired through dividend reinvestment since the last report.
• Following the transaction, Hofstetter beneficially owns 19,726.29 shares of phantom stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard insider transaction report. The acquisition of phantom stock and dividend reinvestment are mildly positive indicators.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates confidence in the company's performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates