CAMPBELL'S Co 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Our share repurchase activity in the three months ended October 27, 2024 was: Period Total Number of Shares Purchased (1) Average Price Paid Per Share (2) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (3) Approximate Dollar Value of Shares that may yet be Purchased Under the Plans or Programs ($ in Millions) (3) 7/29/24 - 8/30/24 — $ — — $ 338 9/2/24 - 9/30/24 770,000 $ 50.44 770,000 $ 523 10/1/24-10/25/24 328,000 $ 47.67 328,000 $ 507 Total 1,098,000 $ 49.61 1,098,000 $ 507 ____________________________________ 38 (1) Shares purchased are as of the trade date. (2) Average price paid per share is calculated on a settlement basis and excludes commission and excise tax. As of January 1, 2023, our share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act. Any excise tax incurred is recognized as part of the cost basis of the shares acquired in the Consolidated Statements of Equity. (3) In September 2021, the Board approved a strategic share repurchase program of up to $500 million (September 2021 program). The September 2021 program has no expiration date, but it may be suspended or discontinued at any time. Repurchases under the September 2021 program may be made in open-market or privately negotiated transactions. In September 2024, the Board authorized an anti-dilutive share repurchase program of up to $250 million (September 2024 program) to offset the impact of dilution from shares issued under our stock compensation programs. The September 2024 program has no expiration date, but it may be suspended or discontinued at any time. Repurchases under the September 2024 program may be made in open-market or privately negotiated transactions . The September 2024 program replaced an anti-dilutive share repurchase program of up to $250 million that was approved by the Board in June 2021 and has been terminated.