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

Director Kurt Schmidt reports the acquisition of phantom stock and dividend reinvestment in Campbell Soup Co.

Summary

• On March 27, 2024, Kurt Schmidt, a director of Campbell Soup Co., reported acquiring 1,565.69 shares of phantom stock.
• These phantom shares are fully vested and economically equivalent to common stock.
• The value of the phantom stock will be paid in cash upon the director's retirement, resignation, or termination from the company's Supplemental Retirement Plan.
• The report also includes 273.85 shares acquired through dividend reinvestment since the last report, bringing the total beneficially owned to 34,242.49 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by a company director.

Positives

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company directors and officers.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the actions of company insiders.

Key Dates