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The Bank of New York Mellon Corporation filed an amended Schedule 13G reporting its beneficial ownership of Hubbell Inc. common stock. The firm reports beneficial ownership of 2,166,691 shares, representing 4.1% of the outstanding common stock, as of the event date.
The filing details 2,066,736 shares with sole voting power and 2,049 shares with shared voting power. It also reports 1,514,129 shares with sole dispositive power and 652,553 shares with shared dispositive power. The shares are certified as held in the ordinary course of business and not for the purpose of changing or influencing control of Hubbell.
FAQ
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What percentage of Hubbell (HUBB) shares does Bank of New York Mellon report owning?
The Bank of New York Mellon Corporation reports beneficial ownership of 4.1% of Hubbell’s common stock. This corresponds to 2,166,691 shares as disclosed in the Schedule 13G/A, reflecting its position as an institutional holder below the 5% threshold.
How many Hubbell (HUBB) shares does Bank of New York Mellon have voting power over?
The Bank of New York Mellon Corporation reports 2,066,736 shares with sole voting power and 2,049 shares with shared voting power. These figures indicate how many Hubbell shares it can vote independently versus in conjunction with other parties.
What is the total beneficial ownership disclosed for Hubbell (HUBB) in this Schedule 13G/A?
The filing states that The Bank of New York Mellon Corporation beneficially owns 2,166,691 Hubbell common shares. This aggregate amount combines its positions with various levels of voting and dispositive power over the issuer’s common stock.
Does Bank of New York Mellon seek to influence control of Hubbell (HUBB) with this stake?
The certification explicitly states the Hubbell securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, nor in connection with any transaction having that purpose or effect.
What dispositive powers over Hubbell (HUBB) shares does Bank of New York Mellon report?
The Bank of New York Mellon Corporation reports 1,514,129 shares with sole dispositive power and 652,553 shares with shared dispositive power. Dispositive power describes the authority to sell or otherwise direct the disposition of the shares.
Why is this Hubbell (HUBB) ownership reported on a Schedule 13G/A amendment?
The ownership is reported on an amended Schedule 13G because The Bank of New York Mellon Corporation is providing an updated statement of its beneficial holdings and related powers, consistent with its status as an institutional investor filing under the passive ownership provisions.
Address or principal business office or, if none, residence:
240 Greenwich Street
New York, New York 10286
(c)
Citizenship:
See cover page
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
443510607
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:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
The filing of this Schedule 13G shall not be construed as an admission that The Bank of New York Mellon Corporation, or its direct or indirect subsidiaries, including The Bank of New York Mellon and BNY Mellon, National Association, are for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owners of any securities covered by this Schedule 13G.
(b)
Percent of class:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(ii) Shared power to vote or to direct the vote:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(iii) Sole power to dispose or to direct the disposition of:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(iv) Shared power to dispose or to direct the disposition of:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
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.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit I.
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.
