Lautenbach Marc Bradley 4

What Happened

• Marc Bradley Lautenbach, a director of Campbell's Co. (CPB), was granted 1,950.24 phantom shares (reported as a derivative award) on 2026-06-29. The award is recorded at $0.00 per share (no open-market purchase or sale) and is a non‑equity, cash‑settled benefit under the Company's Supplemental Retirement Plan.

Key Details

• Transaction date: 2026-06-29; filing date: 2026-06-30 (timely).
• Transaction type/code: Award/Grant (A) — derivative phantom stock; reported price $0.00.
• Shares awarded: 1,950.24 phantom shares (economic equivalent to common shares).
• Vesting/payment: Phantom shares are fully vested and payable in cash upon the reporting person’s retirement, resignation, or termination.
• Composition: The total includes 873.82 phantom shares acquired through dividend reinvestment since the last report.
• Shares owned after transaction: Not specified in the filing.

Context

• Phantom stock is a cash‑settled award that tracks the economic value of common stock but does not transfer actual shares to the insider. Because these awards are fully vested and payable in cash upon departure/retirement, they are typically compensatory rather than an outright market purchase or sale and do not directly signal buying or selling intent.