Schmidt Kurt 4

What happened Kurt Schmidt, a director of Campbell Soup Company (CPB), was granted 3,107.34 phantom shares on 2026-06-29. The grant is recorded as a derivative award (acquisition code A) at $0.00 per share because these are phantom (cash-settled) shares rather than open‑market stock purchases. No immediate cash value was reported in the Form 4; the phantom shares are payable in cash under the Company’s Supplemental Retirement Plan upon the reporting person's retirement, resignation, or termination.

Key details

• Transaction date: 2026-06-29; filing date: 2026-06-30 (timely).
• Security: Phantom Stock (each phantom share equals economic equivalent of one common share) — recorded as 3,107.34 shares acquired at $0.00.
• Vesting/status: Phantom shares are fully vested (Footnote F2).
• Payment terms: Value payable in cash from the Supplemental Retirement Plan upon separation (Footnote F3).
• Composition: The reported 3,107.34 phantom shares include 1,036.65 shares acquired via dividend reinvestment since the last report (Footnote F4).
• Shares owned after transaction: Not specified in the provided filing.

Context Phantom stock is a derivative, cash-settled award that mirrors the economic performance of common shares but does not transfer actual shares or immediate voting rights. Such awards are typically part of long-term compensation or retirement arrangements and do not necessarily signal near-term buying or selling intentions. The filing was made promptly (next business day), so there is no indication of a late report.