SCHEDULE: Malone Trust Discloses 13.4% Stake in Campbell's Co

The Mary Alice Dorrance Malone Revocable Trust, with Catherine D. Malone as Trustee, reported beneficial ownership of 13.4% of Campbell's Co common stock following the grantor's death.

Summary

• Catherine D. Malone, as Trustee of the Mary Alice Dorrance Malone Revocable Trust, is the reporting person.
• The trust beneficially owns 39,960,337 shares of Campbell's Co common stock.
• This ownership represents 13.4% of the class of securities.
• The trust holds sole voting and sole dispositive power over all 39,960,337 shares.
• The event requiring this Schedule 13G filing was the death of the grantor, Mary Alice Dorrance Malone, on June 16, 2025.
• The trust also holds a 93.091386% limited partnership interest in Contango, LP, which owns 13,230,543 shares of Campbell's Co, but the trust has no voting or dispositive power over these specific shares as a limited partner.
• The securities were not acquired and are not held for the purpose of changing or influencing control of Campbell's Co.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of a significant passive ownership stake, not indicating positive or negative operational news for the company.

Positives

• Confirmation of a substantial, long-term ownership stake by a prominent family trust, potentially indicating stability in the shareholder base.

Future Outlook

NA

Industry Context

This filing primarily concerns a change in beneficial ownership structure for a significant shareholder, not broader industry trends. Campbell's Co operates in the consumer packaged goods (CPG) sector. Large, long-term family holdings are not uncommon in established CPG companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant ownership stake and its structure.
• Management: Awareness of a large, passive shareholder.

Key Dates

Keywords

Campbell's Co, common stock, Schedule 13G, beneficial ownership, Mary Alice Dorrance Malone, Catherine D. Malone, revocable trust, institutional ownership