Campbell's (CPB) Director Marc Lautenbach Receives Phantom Stock Award

What Happened
Marc Bradley Lautenbach, a director of Campbell Soup Company (CPB), was awarded 2,316.73 shares of Phantom Stock on 2026-09-25. The award is recorded as a derivative acquisition at $0.00 per share (reported value $0) because these phantom shares are cash‑settled under the company’s Supplemental Retirement Plan rather than delivered as common stock.

Key Details

• Transaction date: 2026-09-25; Form 4 filed 2026-09-28 (timely filing).
• Amount: 2,316.73 phantom shares granted (derivative security) at $0.00 per share; reported value $0.
• Vesting/status: Footnote F2 states the phantom shares are fully vested.
• Payout: Footnote F3 says value is payable in cash from the Supplemental Retirement Plan upon the reporting person’s retirement, resignation, or termination.
• Other note: Footnote F1 clarifies each phantom share equals the economic equivalent of one common share. Footnote F4 references dividend reinvestment activity (see filing for exact phrasing).
• Shares owned after transaction: not specified in the provided excerpt.

Context
Phantom stock awards are a form of deferred compensation that track the economic value of common shares but are typically paid in cash at a later date — they do not transfer voting shares immediately. Such awards are routine compensation for directors and executives and do not represent an open‑market purchase or sale of company stock.