CAMPBELL'S Co — Director's Dealing 2025

Dec 30, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL'S Co (CPB)
CIK: 0000016732
Period of Report: 2025-12-29

Reporting Person: Averill Howard M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-12-29	Phantom Stock	$	A	1616.34	Acquired		Common Stock (1616.34)	Direct

Footnotes

F1: Each share of Phantom Stock is the economic equivalent of one share of issuer common stock.

F2: Phantom shares are fully vested.

F3: The value of Phantom Stock is payable in cash from the Company's Supplemental Retirement Plan upon reporting person's retirement, resignation or termination.

F4: Includes 418.54 shares acquired through dividend reinvestment since the reporting person's last report.