The intended meaning is just the opposite
of that conveyed by the KJV. The GR αρπαγμον harpagmon first meant the act
of grasping, but then came to stand for the thing to be grasped. Render
something like “prize” or “something to be grasped.” Rather than meaning that
Jesus felt entitled to be equal to God, the text really says that he did not
feel the need to claim such equality. The passage speaks to the humility of
Jesus, not to his grasping for glory in an attempt to equate himself with God. (Kevin L. Barney, “The Epistle of Paul the
Apostle to the Philippians,” in Footnotes to the New Testament for
Latter-day Saints, ed. Kevin L. Barney, 2 vols. [2007], 2:187 n. b)