Schmidt Kurt 4

What Happened

• Kurt Schmidt, a director of Campbell Soup Company (CPB), was granted 3,223.62 phantom shares on 2026-03-30. The award is reported as a derivative acquisition at $0.00 per share (no open‑market purchase). The phantom shares are fully vested and are the economic equivalent of common shares.

Key Details

• Transaction date: 2026-03-30; Filing date: 2026-03-31 (timely filing).
• Transaction type/code: Award/Grant (A) of phantom stock; reported acquisition price $0.00 (derivative).
• Number of phantom shares granted: 3,223.62 (includes 716.12 shares acquired via dividend reinvestment since last report).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: Phantom shares equal one common share economically (F1); fully vested (F2); value payable in cash from the Supplemental Retirement Plan upon the reporting person's retirement, resignation, or termination (F3); includes 716.12 dividend‑reinvested shares (F4).

Context

• Phantom stock is a cash‑settled, deferred compensation award tied to the company's share value; it does not result in immediate issuance of common stock or direct open‑market buying or selling. Because these awards are payable in cash upon departure/retirement (per the filing), this action reflects compensation/retirement plan activity rather than a purchase signal from the director.