Hofstetter Sarah 4

What Happened

• Sarah Hofstetter, a director of Campbell Soup Company (CPB), was granted 1,882.32 phantom shares on 2026-03-30. The award is reported as a derivative "A" (award) at $0.00 per share; the phantom shares are cash‑settled and not actual common stock.

Key Details

• Transaction date: 2026-03-30; Form 4 filed 2026-03-31 (appears timely).
• Reported amount: 1,882.32 phantom shares, recorded at $0.00 per share (derivative award).
• Footnotes from the filing:
  • Each phantom share equals the economic equivalent of one share of common stock (F1).
  • The phantom shares are fully vested (F2).
  • Value will be paid in cash from the Company’s Supplemental Retirement Plan upon the reporting person's retirement, resignation, or termination (F3).
  • The filing notes 413.05 shares were acquired via dividend reinvestment since the last report (F4).
• Shares owned after the transaction are not specified in the excerpt of the filing.

Context

• Phantom stock is a cash‑settled form of equity compensation: it tracks the value of common shares but pays out in cash at a defined event (here, separation from service), so this is not an immediate stock purchase or sale.
• Because the award is vested, there are no additional service conditions for these phantom shares; the payout timing and amount will depend on future events and CPB’s stock value.