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

Director Marc Bradley Lautenbach reported the acquisition of phantom stock and dividend reinvestment in Campbell Soup Co.

Summary

• On March 27, 2024, Marc Bradley Lautenbach, a director of Campbell Soup Co., acquired phantom stock equivalent to 961.54 shares.
• The phantom shares are fully vested and payable in cash upon retirement, resignation, or termination from the company's Supplemental Retirement Plan.
• Lautenbach also acquired 263.02 shares through dividend reinvestment since the last report.
• Following these transactions, Lautenbach beneficially owns 32,346.41 shares of Campbell Soup Co.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of phantom stock and dividend reinvestment suggests confidence in the company, but it's a routine transaction.

Positives

• The acquisition of phantom stock and dividend reinvestment by a director signals confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the acquisition of phantom stock suggests a positive outlook from the director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the director's continued investment in the company.

Stakeholder Impact

• The director's investment may be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates