Barrow Hanley Reports 13,492,064 AXTA Shares, Sole Dispositive Power
Rhea-AI Filing Summary
Barrow Hanley Mewhinney & Strauss LLC reports beneficial ownership of 13,492,064 shares of Axalta Coating Systems Ltd common stock, representing 6.23% of the outstanding class. The filing shows the firm has sole dispositive power over all 13,492,064 shares, sole voting power over 9,920,843 shares and shared voting power over 3,571,221 shares.
The statement includes a certification that these securities are held in the ordinary course of business and were not acquired to change or influence control. This disclosure notifies the market of a material passive stake above the 5% reporting threshold while clarifying voting and disposal authorities.
Positive
- Beneficial ownership disclosed: 13,492,064 shares reported
- Material threshold exceeded: position represents 6.23% of the class, triggering Schedule 13G reporting
- Clear authority delineation: sole dispositive power over 13,492,064 shares and sole voting power over 9,920,843 shares
Negative
- None.
Insights
TL;DR: Barrow Hanley discloses a material 6.23% AXTA stake with full dispositive control over the position.
The filing reports 13,492,064 shares, equal to 6.23% of Axalta's common stock, with sole dispositive power and sole voting power over 9,920,843 shares. As a disclosure under the 5% threshold rules, it signals a material position that must be visible to the market. The included certification states the position is held in the ordinary course and not for the purpose of influencing control, which frames the stake as passive for regulatory purposes. Investors will note the clear split between dispositive and voting authorities in the reported position.
TL;DR: A material passive stake is disclosed with concentrated dispositive authority; the filer affirms no intent to exert control.
The schedule shows concentrated dispositive control over the full 13,492,064-share position while reporting 3,571,221 shares as shared voting power, and 9,920,843 as sole voting power. The certification that the securities are not held to change or influence control is significant for governance interpretation, indicating the filer does not claim activist intent. This disclosure provides transparency on who holds voting and disposal rights, important for boards and other shareholders assessing potential governance dynamics.