[Form 4] CAMPBELL'S Co Insider Trading Activity

Rhea-AI Filing Summary

Lukin Janda K, Executive Vice President and Chief Growth Officer of Campbell's Co (CPB), reported Section 16 transactions showing routine equity vesting and a small open-market sale.

On 09/30/2025 Ms. Lukin sold 2,323 shares at $30.87, leaving her with 12,855 shares. The filing also reports vesting of performance-restricted share units that resulted in acquisitions of 2,428 shares on 09/30/2025 and 18,720 shares on 10/01/2025, bringing total reported beneficial ownership to 34,003 shares. The disclosure states the vested awards were earned based on total shareholder return and adjusted EPS compound annual growth rate measured over a three-year performance period.

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^*

Lukin Janda K

(Last) (First) (Middle)

ONE 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Growth Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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	09/30/2025		F		2,323	D	$30.87	12,855	D
Common Stock	09/30/2025		A		2,428(1)	A	$0	15,283	D
Common Stock	10/01/2025		A		18,720	A	$0	34,003	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. Represents (i) shares earned upon vesting of performance-restricted share units based on total shareholder return over a three-year performance period; and (ii) shares earned upon vesting of performance-restricted share units based on adjusted EPS compound annual growth rate over a three-year performance period.

Remarks:

	Marci K. Donnelly, Attorney-in-Fact	10/02/2025
	** 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 transactions did CPB insider Lukin Janda K report?

The filing shows a sale of 2,323 shares at $30.87 on 09/30/2025 and acquisitions from vested awards of 2,428 shares on 09/30/2025 and 18,720 shares on 10/01/2025.

How many Campbell's (CPB) shares does Lukin Janda K beneficially own after these transactions?

The Form 4 reports total beneficial ownership of 34,003 shares following the reported transactions.

Why were shares acquired at a $0 price in the Form 4?

The acquisitions reflect shares earned upon vesting of performance-restricted share units; the filing lists the price as $0 and explains they were earned under performance conditions.

What performance metrics governed the vested awards?

The filing states the performance-restricted share units were earned based on total shareholder return over three years and on adjusted EPS compound annual growth rate over a three-year performance period.

Who signed the Form 4 and when was it signed?

The Form 4 is signed by Marci K. Donnelly, Attorney-in-Fact on 10/02/2025.