Campbell's (CPB) Director Kurt Schmidt Receives Phantom Stock Award

What Happened

• Director Kurt Schmidt was granted/received 3,691.28 phantom shares (derivative award) on 2026-09-25. The reported acquisition price is $0.00 because these are phantom (cash‑settled) units rather than actual common stock. The award is recorded as a derivative (code A) and is fully vested.

Key Details

• Transaction date: 2026-09-25; filing date: 2026-09-28 (Form 4 accession 0001647807-26-000006).
• Price: $0.00 (phantom units — no cash paid by the insider).
• Shares reported in the grant: 3,691.28 phantom shares; 1,022.24 of these were acquired via dividend reinvestment since the last report (per filing).
• Shares owned after transaction: not specified in the filing.
• Footnotes: each phantom share equals the economic value of one common share; phantom shares are fully vested and their value is payable in cash from the Supplemental Retirement Plan upon the reporting person's retirement, resignation, or termination.
• Filing timeliness: Form 4 filed three days after the reported transaction date; the filing does not indicate a late report flag.

Context

• Phantom stock is a deferred, cash‑settled award that tracks the economic value of common shares but does not transfer actual shares or voting rights; payout generally occurs on separation or retirement. This transaction is an award/grant (not an open‑market purchase or sale) and does not by itself indicate a current market purchase or sale by the insider.