FMR LLC and Abigail Johnson report 4.7% Flex (FLEX) ownership
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
FMR LLC filed an amended Schedule 13G reporting beneficial ownership of 17,507,129.72 shares of Flex Ltd. common stock, representing 4.7% of the class. FMR has sole voting power over 17,245,141.52 shares and sole dispositive power over 17,507,129.72 shares, with no shared voting or dispositive power.
Abigail P. Johnson is also reported as beneficially owning 17,507,129.72 shares, or 4.7% of the common stock, with sole dispositive power and no voting power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Flex Ltd.
Positive
- None.
Negative
- None.
FAQ
What ownership stake in Flex (FLEX) does FMR LLC report in this Schedule 13G/A?
FMR LLC reports beneficial ownership of 17,507,129.72 shares of Flex Ltd. common stock, representing 4.7% of the outstanding class. This reflects a significant institutional position but remains below the 5% threshold often watched for larger control or influence concerns.
How much Flex (FLEX) stock does Abigail P. Johnson beneficially own according to this filing?
Abigail P. Johnson is reported as beneficially owning 17,507,129.72 Flex common shares, equal to 4.7% of the class. She has sole dispositive power over these shares but no voting power, aligning her reported holdings with those of FMR LLC.
Does FMR LLC state any intent to influence control of Flex (FLEX)?
The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Flex Ltd. It also notes they are not held in connection with any transaction having that control-changing purpose or effect.
Why does this Schedule 13G/A for Flex (FLEX) mention ownership of 5 percent or less?
Item 5 indicates ownership of 5 percent or less of the class, consistent with the reported 4.7% stake. This confirms FMR LLC and Abigail P. Johnson each hold under 5%, a level that often carries fewer regulatory implications than larger ownership positions.