Campbell's (CPB) Director Increases Stake by 2,220 Shares

Rhea-AI Filing Summary

Hill Grant, a director of Campbell's Co (CPB), reported a non-derivative purchase of 2,220 shares of Campbell's common stock on 09/25/2025 at a reported price of $0. After the reported transaction the filing shows beneficial ownership of 28,668.01 shares. The filing notes that 314.17 shares were acquired through dividend reinvestment since the reporting person’s last report. The Form 4 is filed by one reporting person and was submitted via an attorney-in-fact.

Positive

• Acquisition disclosed: Reporting person acquired 2,220 shares, increasing insider ownership.
• Dividend reinvestment transparency: Filing specifies 314.17 shares were added via dividend reinvestment since the last report.
• Clear beneficial ownership total: 28,668.01 shares reported after the transaction.

Negative

• None.

Insights

Securities Analyst

TL;DR: Director reported a small net increase in ownership through a 2,220-share acquisition plus dividend reinvestment; ownership remains modest.

The Form 4 discloses a non-derivative acquisition of 2,220 common shares recorded with a transaction code A and a reported price of $0, accompanied by an explanatory note that 314.17 shares were acquired via dividend reinvestment since the last report. The total beneficial ownership is shown as 28,668.01 shares, which provides transparency on insider position changes. This filing reflects routine insider activity rather than an event likely to materially change company control or capital structure.

Corporate Governance Expert

TL;DR: Routine insider purchase and dividend reinvestment disclosed; filing fulfills Section 16 reporting obligations.

The report indicates the reporting person is a director and that the Form 4 was filed by a single reporting person. The inclusion of dividend reinvestment details (314.17 shares) clarifies part of the change in holdings and supports accurate tracking of insider ownership. There are no derivative transactions or indications of changes in control disclosed.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Hill Grant

(Last) (First) (Middle)

1 CAMPBELL PLACE

(Street)

CAMDEN NJ 08103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CAMPBELL'S Co [ CPB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/25/2025		A		2,220	A	$0	28,668.01(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 314.17 shares acquired through dividend reinvestment since the reporting person's last report.

Remarks:

	Marci K. Donnelly, Attorney-in-Fact	09/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Hill Grant report for CPB?

The Form 4 shows Hill Grant acquired 2,220 shares of Campbell's common stock on 09/25/2025 (transaction code A).

How many total CPB shares does the reporting person beneficially own after the transaction?

The filing reports beneficial ownership of 28,668.01 shares following the transaction.

Did the Form 4 disclose any derivative transactions for CPB?

No. The filing contains only non-derivative activity; Table II for derivative securities is blank.

What portion of the share increase was from dividend reinvestment?

The filing states 314.17 shares were acquired through dividend reinvestment since the reporting person's last report.

Who signed or filed the Form 4 for this transaction?

The Form 4 was submitted by an attorney-in-fact on behalf of the reporting person, as indicated in the filing.