Form 4: Campbell's 10% Owner Gifts Shares
Insider Transaction Report
Bennett Dorrance, a Director and 10% owner of Campbell's Co., reported gifting 26,717 shares of common stock on March 14, 2025.
Summary
- Bennett Dorrance, a Director and 10% owner of Campbell's Co. (CPB), reported transactions involving the gifting of common stock.
- On March 14, 2025, Mr. Dorrance gifted 1,739 shares of common stock, which are now indirectly beneficially owned by the Bennett Dorrance Revocable Trust.
- On the same date, Mr. Dorrance also gifted 24,978 shares of common stock that were previously held directly.
- The total number of shares gifted by Mr. Dorrance on March 14, 2025, was 26,717.
- Following these transactions, Mr. Dorrance's indirect beneficial ownership includes 2,176 shares via the Bennett Dorrance Revocable Trust, 17,019,341 shares via ADB Investments LP, 8,082 shares via Hank, Inc., and 27,876,085 shares via Guillermo Investments LLC.
- Mr. Dorrance disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: The filing reports a gift of shares by a significant insider, which is a neutral event for the company's operational performance. While it represents a disposition of shares, it's not a sale for cash and is often for estate planning or charitable purposes, thus not necessarily signaling a negative outlook.
Future Outlook
NA
Industry Context
This filing reports an insider transaction, which is specific to the individual and company, and does not inherently relate to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Bennett Dorrance granted a Power of Attorney to Kara L. Trullinger and Georgia L. Moraga to prepare, execute, and file Section 16 reports (Forms 3, 4, 5) and Form 144 on his behalf. | 09/19/2025 | Streamlines compliance with SEC reporting requirements for insider transactions, ensuring timely and accurate filings for the reporting person. |
Related Party Transactions
- Bennett Dorrance gifted shares of common stock to entities where he has a controlling interest or is the sole trustee, including the Bennett Dorrance Revocable Trust, ADB Investments LP, Hank, Inc., and Guillermo Investments LLC.
Stakeholder Impact
- Shareholders: A minor change in the indirect ownership structure of a significant shareholder. The gifting of shares does not directly impact the company's operations or financial performance.
- Company: No direct operational or financial impact. Ensures compliance with insider trading regulations.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of reported stock gift transactions by Bennett Dorrance. |
| 09/19/2025 | Date Power of Attorney was executed by Bennett Dorrance. |
| 09/22/2025 | Date of signature for the Form 4 filing by Attorney-in-Fact Georgia L. Moraga. |
Keywords
Campbell's Co, CPB, Bennett Dorrance, Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, Director, 10% Owner
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