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

Keith R. McLoughlin, a director of Campbell Soup Co., reported the acquisition of phantom stock units equivalent to 1,679.48 shares of common stock on September 26, 2024.

Summary

• On September 26, 2024, Keith R. McLoughlin, a director of Campbell Soup Co., acquired 1,679.48 units of phantom stock.
• Each phantom stock unit is equivalent to one share of Campbell Soup Co. common stock.
• The phantom shares are fully vested and payable in cash upon the reporting person's retirement, resignation, or termination from the company's Supplemental Retirement Plan.
• The reporting person directly owns 46,323.69 shares of Campbell Soup Co. common stock, which includes 348.71 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document is a standard regulatory filing reporting a transaction by a company director. It doesn't inherently indicate positive or negative sentiment.

Positives

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.
• Dividend reinvestment indicates a continued investment in the company's future.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in the holdings of a director at Campbell Soup Co.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company insiders.
• The acquisition of phantom stock aligns the director's interests with those of the shareholders.

Key Dates