STOCK TITAN

Campbell's (NYSE: CPB) director reports trust grant and large indirect holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Campbell's Co director and major shareholder Mary Alice Dorrance Malone, Jr. reported an indirect acquisition of common stock through a related trust. On March 30, 2026, the Mary Alice Malone, Jr. Management Trust received a grant or other acquisition of 1,882 shares of Campbell's common stock at no stated price, bringing that trust’s holdings to 82,454 shares.

The filing also lists substantial indirect holdings of Campbell's common stock in multiple trusts and entities associated with Ms. Malone, Jr., including large positions held by limited partnerships and limited liability companies where she is a co-manager or beneficiary and in some cases disclaims beneficial ownership except to the extent of her pecuniary interest.

Positive

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Insider Malone Mary Alice Dorrance JR
Role Director, 10% Owner
Type Security Shares Price Value
Grant/Award Common Stock 1,882 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 82,454 shares (Indirect, Mary Alice Malone, Jr. Management Trust)
Footnotes (1)
  1. 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 Contango Limited LP, of which Hera Management LLC, of which Ms. Malone, Jr. is a co-manager, is the general partner. 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. Held by Consul FL, 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. Held by Quizhou, LP, of which Grandjaero Management, LLC, of which Ms. Malone, Jr. is a co-manager, is the general partner. Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her 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.
Grant to Management Trust 1,882 shares Grant or award of Campbell's common stock on March 30, 2026
Management Trust holdings 82,454 shares Mary Alice Malone, Jr. Management Trust after reported grant
Contango Limited LP holdings 18,426,809 shares Indirect Campbell's common stock held by Contango Limited LP
Consul FL, LLC holdings 17,274,200 shares Indirect Campbell's common stock held by Consul FL, LLC
Revocable Trust holdings 13,218,457 shares Campbell's common stock held by Mary Alice Dorrance Malone Revocable Trust
Quizhou, LP holdings 4,271,414 shares Indirect Campbell's common stock held by Quizhou, LP
grant, award, or other acquisition financial
"transaction code description is “Grant, award, or other acquisition” for the 1,882-share entry"
beneficial ownership financial
"Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein"
remainder beneficiary financial
"Ms. Malone, Jr. is a co-trustee and a remainder beneficiary of the trust"
revocable trust financial
"Mary Alice Dorrance Malone Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
co-manager financial
"Hera Management LLC, of which Ms. Malone, Jr. is a co-manager"
A co-manager is one of several investment banks or brokerage firms that work together to sell a company's new stock or bond offering to investors. Think of them as teammates who help market, allocate and distribute the securities; their involvement can broaden buyer reach, share risk and affect how quickly and smoothly the offering is sold, which matters to investors because it can influence price stability and availability of shares or bonds.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Malone Mary Alice Dorrance JR

(Last)(First)(Middle)
1 CAMPBELL PLACE

(Street)
CAMDEN NEW JERSEY 08103

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CAMPBELL'S Co [ CPB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/30/2026A1,882A$082,454IMary Alice Malone, Jr. Management Trust(1)
Common Stock467,147IGRAT 9 Follow-On Trust fbo Mary Alice Malone, Jr.(1)
Common Stock14,554I1984 Trust fbo Mary Alice Malone, Jr.(1)
Common Stock14,554I1984 Trust fbo Catherine Dorrance Malone(2)
Common Stock18,426,809IContango Limited LP(3)
Common Stock1,333IHera Management LLC(4)
Common Stock17,274,200IConsul FL, LLC(5)
Common Stock4,271,414IQuizhou, LP(6)
Common Stock13,218,457IMary Alice Dorrance Malone Revocable Trust(7)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Ms. Malone, Jr. is the beneficiary and co-trustee of the trust.
2. 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.
3. Held by Contango Limited LP, of which Hera Management LLC, of which Ms. Malone, Jr. is a co-manager, is the general partner. Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein.
4. 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.
5. Held by Consul FL, 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.
6. Held by Quizhou, LP, of which Grandjaero Management, LLC, of which Ms. Malone, Jr. is a co-manager, is the general partner. Ms. Malone, Jr. disclaims beneficial ownership of all of these shares except to the extent of her pecuniary interest therein.
7. 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.
Remarks:
Marci K. Donnelly, Attorney-in-Fact03/31/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CPB director Mary Alice Dorrance Malone, Jr. report?

Mary Alice Dorrance Malone, Jr. reported an indirect acquisition of 1,882 Campbell's (CPB) common shares. The shares were granted to the Mary Alice Malone, Jr. Management Trust at no stated price, increasing that trust’s holdings to 82,454 shares as of March 30, 2026.

Was the CPB insider transaction a market purchase or a grant?

The CPB insider transaction was reported as a grant or award, not a market purchase. Form 4 uses transaction code “A” for a grant, award, or other acquisition, and the price per share is shown as 0.0000, indicating a non-cash compensation or similar award.

How are the newly acquired CPB shares held for Mary Alice Dorrance Malone, Jr.?

The newly acquired CPB shares are held indirectly through the Mary Alice Malone, Jr. Management Trust. The filing notes she is a beneficiary and co-trustee of the trust, which now holds 82,454 Campbell's common shares following the 1,882-share grant on March 30, 2026.

What other significant indirect CPB holdings are associated with Mary Alice Dorrance Malone, Jr.?

The filing lists large indirect CPB holdings in several entities, including Contango Limited LP with 18,426,809 shares, Consul FL, LLC with 17,274,200 shares, and the Mary Alice Dorrance Malone Revocable Trust with 13,218,457 shares, among others, as of March 30, 2026.

Does Mary Alice Dorrance Malone, Jr. claim full beneficial ownership of all reported CPB shares?

No. For several entities, including certain trusts and partnerships, she disclaims beneficial ownership of all CPB shares except to the extent of her pecuniary interest. Footnotes explain her roles as co-trustee, co-manager, or beneficiary and specify these beneficial ownership limitations.

Are the CPB shares in Contango Limited LP and Consul FL, LLC held directly by Mary Alice Dorrance Malone, Jr.?

The CPB shares in Contango Limited LP and Consul FL, LLC are held by those entities, not directly by her. She is described as a co-manager of the relevant managing entities and disclaims beneficial ownership of those shares except to the extent of her pecuniary interest.