SCHEDULE: Malone Trust Discloses 4.43% Stake in Campbell's Co

Catherine D. Malone, as Trustee of the Mary Alice Dorrance Malone Revocable Trust, reported beneficial ownership of 4.43% of Campbell's Co common stock.

Summary

• Catherine D. Malone, as Trustee of the Mary Alice Dorrance Malone Revocable Trust, reported beneficial ownership of 13,218,457 shares of Campbell's Co common stock.
• This ownership represents 4.43% of the company's outstanding common stock.
• The trust holds sole voting and dispositive power over these 13,218,457 shares.
• The reporting person is identified as a revocable trust whose grantor died on June 16, 2025.
• The trust also holds an indirect pecuniary interest in a portion of 18,426,809 shares held by Contango, LP, and a portion of 4,271,414 shares held by Quizhou, LP, but disclaims voting and dispositive power over these entities.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of beneficial ownership, indicating a stable, long-term holding by a significant family trust. The percentage is below the 5% threshold that would trigger a Schedule 13D, suggesting no immediate intent to influence control. This is generally neutral to slightly positive, confirming continued significant ownership.

Positives

• Continued significant ownership by a family trust, indicating a stable, long-term interest in the company.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership and does not provide specific industry context or trends.

Comparison to Industry Standards

• NA

Legal Proceedings

• NA

Related Party Transactions

• The reporting person holds an indirect pecuniary interest in shares of Campbell's Co held by Contango, LP (18,426,809 shares) and Quizhou, LP (4,271,414 shares), though disclaims voting and dispositive power over these entities.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, confirming a stable, long-term holder.

Next Steps

• NA

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of beneficial ownership by a family trust, indicating a stable, long-term holding of 4.43% of Campbell's Co common stock. It does not suggest any intent to influence control or signal any new strategic developments for the company. As such, it provides no new information that would warrant a change in investment thesis, supporting a 'hold' recommendation for existing investors.

Keywords

Campbell's Co, CPB, Schedule 13G, Beneficial Ownership, Institutional Investor, Trust, Common Stock, SEC Filing, Ownership Disclosure