T. Rowe Price discloses 2.3% Floor & Decor (FND) position
Rhea-AI Filing Summary
T. Rowe Price Associates, Inc. filed an amended Schedule 13G reporting its ownership in Floor & Decor Holdings, Inc. common stock. The firm reported beneficial ownership of 2,528,058 shares, representing 2.3% of the outstanding common stock as of the event date.
T. Rowe Price reported sole voting power over 2,491,377 shares and sole dispositive power over 2,528,058 shares, with no shared voting or dispositive power. The firm certifies the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Floor & Decor.
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FAQ
What does T. Rowe Price report in this Schedule 13G/A for FND?
T. Rowe Price reports its beneficial ownership in Floor & Decor common stock. It files an amended Schedule 13G, indicating a passive institutional position held in the ordinary course of business, with specific voting and dispositive powers listed over the reported shares.
What percentage of Floor & Decor’s common stock does T. Rowe Price hold?
T. Rowe Price holds 2.3% of Floor & Decor’s common stock. This percentage is calculated and disclosed in the filing based on its 2,528,058 beneficially owned shares, indicating ownership of 5 percent or less of the issuer’s outstanding common stock.
Is T. Rowe Price’s stake in Floor & Decor intended to influence control?
No. T. Rowe Price certifies the securities were acquired and are held in the ordinary course of business. It states they were not acquired and are not held for the purpose of changing or influencing control of Floor & Decor Holdings, Inc.
Why is this filing classified as ownership of 5 percent or less for FND?
The filing notes “Ownership of 5 percent or less of a class” because T. Rowe Price’s stake is 2.3%. This language reflects that its beneficial ownership has fallen at or below the 5 percent threshold for Floor & Decor’s common stock.