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 1,883.37 shares of common stock on March 27, 2024.

Summary

• On March 27, 2024, Keith R. McLoughlin, a director of Campbell Soup Co., acquired 1,883.37 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 42,129.59 shares of Campbell Soup Co. common stock, which includes 337.28 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. The acquisition of phantom stock by a director could be interpreted as a slightly positive signal, but it's primarily an informational document.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The phantom stock is payable in cash upon the reporting person's retirement, resignation, or termination.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of phantom stock by a director may have a minor positive impact on shareholder sentiment.

Key Dates