Campbell Soup (NYSE: CPB) director moves 26.7M family shares via trusts
Rhea-AI Filing Summary
Campbell Soup Company director and 10% owner Mary Alice Dorrance Malone Jr. reported an internal restructuring of her indirect holdings. On January 6, 2026, the Mary Alice Dorrance Malone Revocable Trust transferred 26,741,880 shares of Campbell Soup common stock to two family partnerships and one family LLC for cash as part of a substitution of assets at $27.01 per share.
Following the transaction, the revocable trust was reported with 13,218,457 shares held indirectly. Other indirect holdings reported include 18,426,809 shares held by Contango Limited LP, 4,271,414 shares by Quizhou, LP, 17,274,200 shares by Consul FL, LLC, and additional smaller positions in several family trusts and Hera Management LLC. Malone Jr. is a beneficiary, co-trustee, or co-manager of these entities and disclaims beneficial ownership of the shares except to the extent of her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 26,741,880 | $27.01 | $722.30M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Reflects transfer of shares from the Mary Alice Dorrance Malone Revocable Trust to two family partnerships and one family LLC in exchange for cash pursuant to a substitution of assets. Ms. Malone, Jr. disclaims beneficial ownership of the shares held by such entities except in each case to the extent of her respective pecuniary interest therein. Ms. Malone, Jr. is co-beneficiary and co-trustee of the trust. Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein. Held by Contango Limited LP, of which Hera Management LLC, of which Ms. Malone, Jr. is a co-manager, is the general partner. Reflects transfer of 5,196,266 shares from the Mary Alice Dorrance Malone Revocable Trust to Contango Limited LP on 1/6/26. Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein. Held by Quizhou, LP, of which Grandjaero Management, LLC, of which Ms. Malone, Jr. is a co-manager, is the general partner. Reflects transfer of 4,271,414 shares from the Mary Alice Dorrance Malone Revocable Trust to Quizhou, LP on 1/6/26. Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein. Held by Consul FL, LLC, of which Ms. Malone, Jr. is a co-manager. Reflects transfer of 17,274,200 shares from the Mary Alice Dorrance Malone Revocable Trust to Consul FL, LLC on 1/6/26. Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein. Ms. Malone, Jr. is the beneficiary and co-trustee of the trust. Ms. Malone, Jr. is a co-trustee and a remainder beneficiary of the trust. Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein. Held by Hera Management LLC, of which Ms. Malone, Jr. is a co-manager. Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein.
FAQ
What insider transaction did CPB report for Mary Alice Dorrance Malone Jr.?
The filing reports that the Mary Alice Dorrance Malone Revocable Trust transferred 26,741,880 shares of Campbell Soup common stock on January 6, 2026 to related family entities for cash as part of a substitution of assets.
Was this Campbell Soup (CPB) insider transaction an open-market sale?
No. The Form 4 uses transaction code J and explains that the movement of 26,741,880 shares was a transfer from the revocable trust to family partnerships and a family LLC for cash under a substitution of assets, rather than an open-market trade.
Does Mary Alice Dorrance Malone Jr. claim full beneficial ownership of these Campbell Soup (CPB) shares?
No. The footnotes state that she is a beneficiary, co-trustee, or co-manager of the reporting entities and that she disclaims beneficial ownership of the shares held by them except to the extent of her pecuniary interest.