Mawer Investment Management boosts FTI Consulting (FCN) holding to 7.47% of shares

Rhea-AI Filing Summary

Mawer Investment Management Ltd., a Canadian investment adviser, reports beneficial ownership of 2,305,748 shares of FTI Consulting, Inc. common stock, representing 7.47% of the class. This percentage is based on 30,876,070 shares outstanding as of October 16, 2025.

Mawer has sole voting power over 2,272,038 shares and sole dispositive power over 2,305,748 shares, with no shared voting or dispositive power. The firm states the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of FTI Consulting.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

FTI Consulting, Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

302941109

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 302941109

1

Names of Reporting Persons

Mawer Investment Management Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ALBERTA, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,272,038.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,305,748.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,305,748.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.47 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Based upon 30,876,070 shares of Common Stock of FTI Consulting, Inc. (the "Issuer") outstanding as of October 16, 2025, as reported in the Issuer's Form 10-Q (Quarterly Report) filed with the Securities and Exchange Commission on October 23, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FTI Consulting, Inc
(b)	Address of issuer's principal executive offices: 555 12th Street NW, Washington, District of Columbia, 20004
Item 2.
(a)	Name of person filing: Mawer Investment Management Ltd.
(b)	Address or principal business office or, if none, residence: 600, 517 - 10th Avenue SW Calgary, Alberta, Canada T2R 0A8
(c)	Citizenship: Canada
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 302941109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,305,748
(b)	Percent of class: 7.47%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,272,038
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,305,748
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Mawer Investment Management Ltd.

Signature:	/s/ David Ragan, Portfolio Manager
Name/Title:	Mawer Investment Management Ltd.
Date:	01/24/2026

FAQ

What stake does Mawer Investment Management hold in FTI Consulting (FCN)?

Mawer Investment Management Ltd. reports beneficial ownership of 2,305,748 FTI Consulting common shares, equal to 7.47% of the class. This is based on 30,876,070 shares outstanding as of October 16, 2025, as disclosed in the company’s quarterly report.

Does Mawer Investment Management control voting for its FTI Consulting (FCN) shares?

Mawer Investment Management Ltd. has sole voting power over 2,272,038 shares of FTI Consulting and no shared voting power. It also has sole dispositive power over 2,305,748 shares, meaning it alone decides how these shares are voted and whether they are sold.

On what share count is Mawer’s 7.47% ownership in FTI Consulting (FCN) based?

The reported 7.47% ownership is calculated using 30,876,070 FTI Consulting common shares outstanding as of October 16, 2025. That outstanding share figure comes from FTI Consulting’s Form 10-Q filed with the SEC on October 23, 2025.

Is Mawer Investment Management seeking to influence control of FTI Consulting (FCN)?

Mawer states the FTI Consulting securities were acquired and are held in the ordinary course of business. It certifies they were not acquired and are not held to change or influence control of FTI Consulting, nor in connection with any control-related transaction.

What is the event date for Mawer’s Schedule 13G/A on FTI Consulting (FCN)?

The event triggering the amended Schedule 13G filing is dated December 31, 2025. This date reflects when Mawer Investment Management Ltd.’s reportable ownership position in FTI Consulting common stock met the requirements to update its beneficial ownership disclosure.

Where is Mawer Investment Management, the FTI Consulting (FCN) reporting holder, based?

Mawer Investment Management Ltd., the reporting person for this FTI Consulting stake, is organized in Alberta, Canada. Its principal business office is located at 600, 517 - 10th Avenue SW, Calgary, Alberta, Canada, as disclosed in the ownership report.