The Campbell's Company SEC Filings

Kurt Schmidt, a director of Campbell's Co (CPB), received 2,219.81 fully vested phantom stock units on 09/25/2025. Each phantom share equals one share of common stock and is payable in cash under the Company's Supplemental Retirement Plan upon the reporting person's retirement, resignation, or termination. Following the grant the filing reports beneficial ownership of 47,392.7 common shares, which includes 539.09 shares acquired via dividend reinvestment since the last report. The Form 4 was filed by one reporting person and executed by an attorney-in-fact on 09/26/2025.

Bennett Dorrance, a director of Campbell's Co (CPB), reported multiple transactions on Form 4 dated 03/14/2025. The filing shows Code G dispositions (gifts) of Common Stock: 1,739 shares were disposed of indirectly with zero cash price and 24,978 shares were disposed of directly, also at $0. After these transactions the report lists substantial beneficial ownership positions held indirectly: 17,019,341 shares by ADB Investments LP, 8,082 shares by Hank, Inc., and 27,876,085 shares by Guillermo Investments, Inc., plus 2,176 shares held indirectly by the Bennett Dorrance Revocable Trust. The form includes standard disclaimers that Mr. Dorrance disclaims beneficial ownership except to his pecuniary interest and cites a Power of Attorney (Ex 24). The filing is signed by Georgia L. Moraga as Attorney-in-Fact on 09/22/2025.

The Campbell's Company (CPB) reported a mixed year in its 2025 Form 10-K: net sales rose to $10.253 billion (up 6%), driven by the Sovos Brands acquisition (8-point benefit) and an extra week, while gross margin slipped to 30.4% as cost inflation and supply-chain pressures weighed. Diluted earnings per share were $2.01 versus $1.89 a year earlier, with 2025 including charges that reduced comparability.

Management completed several portfolio moves: it acquired Sovos Brands for $2.899 billion and sold Emerald, Pop Secret and noosa businesses. The company recorded significant one-time items including a $150 million trademark impairment (Snyder's of Hanover), restructuring and implementation costs (~$125 million pre-tax recognized in 2025), and divestiture losses. Operating cash flow was $1.131 billion, capital expenditures were $426 million, and management expects ~$420 million capex for 2026. The company flagged heightened 2026 cost pressures from tariffs but targets program savings of approximately $375 million annual run-rate by end of 2028.

The Campbell's Company announced an internal leadership transition in its accounting function: Senior Vice President & Controller Stanley Polomski will move to Senior Vice President, Business Process Optimization effective September 22, 2025, and Kelly L. Palumbo will become Senior Vice President, Controller and Chief Accounting Officer on the same date. Ms. Palumbo, age 51, joins from Charles River Laboratories after two decades at Johnson & Johnson and will receive a $410,000 base salary, a 55% target annual bonus (pro rata) for fiscal 2026, a 110% target long-term incentive for fiscal 2026, a one-time $200,000 time-vesting RSU grant, and a $300,000 cash payment for forfeited prior bonus and benefits, plus standard benefits and a $2,500 quarterly Personal Choice benefit.

SEC Form 3 filing for Campbell Soup Co. (CPB) discloses the initial beneficial ownership of Director and >10% owner Mary Alice Dorrance Malone Jr. as of 17 Jul 2025.

• Total indirect common-stock position: 53,766,486 shares held through seven trusts and entities, the largest being the Mary Alice Dorrance Malone Revocable Trust (39,960,337 shares) and Contango Limited LP (13,230,543 shares).
• All shares are reported as indirect ("I"); Ms. Malone Jr. disclaims beneficial ownership beyond her pecuniary interest in each vehicle.
• Filing confirms her roles as Director and 10% Owner; no derivative securities are reported.
• No transactions, purchase prices or expirations are listed—this is a disclosure of existing positions, not a new trade.

The submission includes an exhibit granting power of attorney to Marci K. Donnelly and was signed on 28 Jul 2025.