State Street reports 5.3% stake in Forum Energy (NYSE: FET)
Rhea-AI Filing Summary
State Street Corporation has reported beneficial ownership of 601,047 shares of Forum Energy Technologies, Inc. common stock. This represents 5.3% of the outstanding class. State Street reports no sole voting or dispositive power over these shares, but shared voting power over 586,943 shares and shared dispositive power over 601,047 shares, reflecting holdings managed through its asset management subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, and State Street Global Advisors Trust Company.
Positive
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Negative
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Key Figures
Beneficially owned shares: 601,047 shares
Percent of class owned: 5.3%
Shared voting power: 586,943 shares
+2 more
5 metrics
Beneficially owned shares
601,047 shares
Forum Energy Technologies common stock reported as beneficially owned by State Street Corporation
Percent of class owned
5.3%
Portion of Forum Energy Technologies common stock class beneficially owned
Shared voting power
586,943 shares
Shares over which State Street has shared power to vote or direct the vote
Shared dispositive power
601,047 shares
Shares over which State Street has shared power to dispose or direct disposition
Sole voting power
0 shares
Shares over which State Street has sole power to vote or direct the vote
Key Terms
beneficially owned, shared voting power, shared dispositive power, parent holding company
4 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 601047.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
parent holding company financial
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Forum Energy Technologies (FET) does State Street own?
State Street Corporation reports beneficial ownership of 5.3% of Forum Energy Technologies’ common stock, representing 601,047 shares held with shared voting and dispositive power through its asset management subsidiaries.
Is any other person reported to have rights to FET dividends or sale proceeds?
State Street indicates no other person is identified as having the right to receive dividends or proceeds from the sale of these Forum Energy Technologies shares that would require disclosure under the more-than-5-percent ownership item.