Campbell’s director granted 3,716 phantom stock units

CAMPBELL'S Co director Keith R. McLoughlin reported a compensation-related grant of 3,715.780 shares of Phantom Stock on issuer common stock.

Rhea-AI Filing Summary

CAMPBELL'S Co director Keith R. McLoughlin reported a compensation-related grant of 3,715.780 shares of Phantom Stock on issuer common stock. Each phantom share is economically equivalent to one common share and is fully vested.

Following this award, McLoughlin holds 71,460.060 phantom shares, which will be settled in cash from the Company’s Supplemental Retirement Plan upon retirement, resignation, or termination. The holding amount includes 1,264.73 phantom shares previously acquired through dividend reinvestment.

Insider Trade Summary

Grant/Award: 3,715.78 shares

Grant/Award 1 txn

Insider McLoughlin Keith R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	3,715.78	$0.00	$0.00

Holdings After Transaction: Phantom Stock — 71,460.06 contracts (Direct)

Footnotes (4)

1. F1. Each share of Phantom Stock is the economic equivalent of one share of issuer common stock.
2. F2. Phantom shares are fully vested.
3. F3. The value of phantom stock is payable in cash from the Company's Supplemental Retirement Plan upon reporting person's retirement, resignation or termination.
4. F4. Includes 1,264.73 shares acquired through dividend reinvestment since the reporting person's last report.

Key Figures

Phantom Stock grant: 3,715.780 phantom shares Total Phantom Stock holdings: 71,460.060 phantom shares Dividend reinvestment phantom shares: 1,264.73 phantom shares +1 more

4 metrics

Phantom Stock grant 3,715.780 phantom shares Grant on 2026-06-29, economic equivalent of common stock

Total Phantom Stock holdings 71,460.060 phantom shares Balance following reported transaction

Dividend reinvestment phantom shares 1,264.73 phantom shares Acquired through dividend reinvestment since last report

Exercise price $0.0000 per unit Phantom Stock grant with no exercise cost

Key Terms

Phantom Stock, Supplemental Retirement Plan, dividend reinvestment, fully vested

4 terms

Phantom Stock financial

"Each share of Phantom Stock is the economic equivalent of one share of issuer common stock."

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Supplemental Retirement Plan financial

"The value of phantom stock is payable in cash from the Company's Supplemental Retirement Plan upon reporting person's retirement, resignation or termination."

An extra retirement savings arrangement offered in addition to a company’s primary pension or retirement plan, designed to boost an employee’s income after leaving the workforce; it can be funded by the employer, the employee, or both and sometimes targets higher-paid staff. Investors care because these plans can create future cash obligations or influence payroll costs and employee retention—think of it as a second savings jar a company keeps for workers’ later years.

dividend reinvestment financial

"Includes 1,264.73 shares acquired through dividend reinvestment since the reporting person's last report."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

fully vested financial

"Phantom shares are fully vested."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Keith R. McLoughlin report in this CPB Form 4 filing?

Keith R. McLoughlin reported receiving a grant of 3,715.780 Phantom Stock shares. These are compensation-related units tied to Campbell’s common stock and increase his total phantom stock holdings to 71,460.060 shares after the transaction.

What is Phantom Stock in the Campbell's Co (CPB) Form 4?

Phantom Stock represents units that are the economic equivalent of one share of Campbell’s common stock. Instead of delivering actual shares, the company pays the value in cash from a supplemental retirement plan at separation.

How many Phantom Stock units does McLoughlin hold after this CPB transaction?

After the grant, Keith R. McLoughlin holds 71,460.060 Phantom Stock units. This figure reflects his total phantom stock balance, including the newly granted 3,715.780 units and prior accumulations from dividend reinvestment.

Are the Phantom Stock units in this CPB filing vested?

Yes, the filing states that the phantom shares are fully vested. Although fully vested, they are not delivered as stock; instead, their cash value is payable upon retirement, resignation, or termination under the Supplemental Retirement Plan.

How are Campbell's Co Phantom Stock units paid out to McLoughlin?

The value of the Phantom Stock is payable in cash from the Company’s Supplemental Retirement Plan. Payment occurs upon the reporting person’s retirement, resignation, or termination, rather than immediately at the time of grant.

What role does dividend reinvestment play in McLoughlin’s CPB Phantom Stock balance?

The filing notes that McLoughlin’s balance includes 1,264.73 shares of Phantom Stock acquired through dividend reinvestment. This means dividends on prior phantom holdings were reinvested into additional phantom units instead of being paid out in cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/30/2026 - 04:08 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McLoughlin Keith R

(Last) (First) (Middle)

ONE CAMPBELL PLACE

(Street)

CAMDEN NEW JERSEY 08103

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

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

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

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

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

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
Phantom Stock	(1)	06/29/2026		A		3,715.78		(2)	(3)	Common Stock	3,715.78	$0	71,460.06(4)	D

Explanation of Responses:

1. Each share of Phantom Stock is the economic equivalent of one share of issuer common stock.

2. Phantom shares are fully vested.

3. The value of phantom stock is payable in cash from the Company's Supplemental Retirement Plan upon reporting person's retirement, resignation or termination.

4. Includes 1,264.73 shares acquired through dividend reinvestment since the reporting person's last report.

Remarks:

	Marci K. Donnelly, Attorney-in-Fact	06/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)