Bank of Nova Scotia Files 13G/A, Holds 4.4M JELD-WEN Shares

Rhea-AI Filing Summary

Amendment No. 1 to Schedule 13G reports that The Bank of Nova Scotia (BNS) beneficially owns 4,435,820 common shares of JELD-WEN Holding, Inc. (JELD) as of 30 June 2025. The position equals 5.2003 % of JELD’s outstanding stock, triggering the 5 % disclosure requirement. BNS claims sole voting and sole dispositive power over the entire stake; no shared powers or group affiliations are identified.

The filing is made under Rule 13d-1(b) for a financial institution (“FI”) and certifies that the shares are held in the ordinary course of business with no intention to influence control. The document is signed by Raj Sachdeva (Vice President, GBM&T Compliance Canada) on 23 July 2025. No subsidiaries, control persons, or special arrangements are disclosed.

Key take-away: a large, passive institutional investor now owns just over 5 % of JELD, signaling external confidence but providing limited immediate governance impact.

Positive

• Bank of Nova Scotia now owns 5.2 % of JELD’s shares, bringing a well-capitalized international institution into the top shareholder list.

Negative

• Stake is filed as passive; BNS provides no strategic support and could liquidate without notice, adding future selling risk.

Insights

Securities Analyst

TL;DR: BNS discloses a passive 5.2 % stake in JELD; incremental vote of confidence, but no control motives stated.

BNS’s 4.44 M-share position moves an international bank above the 5 % threshold, adding a new name to JELD’s top-holder list. Because the filing is on Schedule 13G (not 13D) and certifies passive intent, there is no immediate strategic or activist signal. The disclosure may improve liquidity perception and broaden analyst coverage, yet it does not alter JELD’s governance dynamics or cash flows. Overall market impact should be modest unless future amendments show rapid accumulation or a switch to 13D.

Corporate Governance Specialist

TL;DR: New 5 % holder adds institutional oversight; passive status limits governance influence.

From a governance angle, BNS’s filing introduces an additional sophisticated observer that could vote on proxy matters, but sole voting power suggests decisions remain internal. The absence of shared power or group activity means no coordinated influence. For boards and existing investors, the stake neither dilutes control blocks nor introduces activism risk at this stage. Impact is therefore neutral, with potential upside if BNS later graduates to an active role.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Jeld-Wen Holding Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

47580P103

(CUSIP Number)

06/30/2025

(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. 47580P103

1

Names of Reporting Persons

BANK OF NOVA SCOTIA

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

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,435,820.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,435,820.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,435,820.00

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)

5.2003 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Jeld-Wen Holding Inc.
(b)	Address of issuer's principal executive offices: 2645 Silver Crescent Drive, Charlotte, NORTH CAROLINA 28273
Item 2.
(a)	Name of person filing: BANK OF NOVA SCOTIA
(b)	Address or principal business office or, if none, residence: 40 TEMPERANCE STREET TORONTO, Ontario, Canada M5H 0B4
(c)	Citizenship: BANK OF NOVA SCOTIA - CANADA (FEDERAL LEVEL)
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 47580P103
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).
	a parent holding company, in accordance with 13d-1(b)(1)(ii)(g)
Item 4.	Ownership
(a)	Amount beneficially owned: 4,435,820
(b)	Percent of class: 5.2003 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: BANK OF NOVA SCOTIA - 4,435,820
	(ii) Shared power to vote or to direct the vote: BANK OF NOVA SCOTIA - 0
	(iii) Sole power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 4,435,820
	(iv) Shared power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 0
Item 5.	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.
	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. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to The Bank of Nova Scotia is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

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.

BANK OF NOVA SCOTIA

Signature:	Raj Sachdeva
Name/Title:	Vice President, Head of GBM&T Compliance Canada
Date:	07/23/2025

FAQ

How many JELD-WEN (JELD) shares does Bank of Nova Scotia own?

BNS reports ownership of 4,435,820 common shares.

What percentage of JELD’s outstanding stock is held by Bank of Nova Scotia?

The filing shows a 5.2003 % ownership stake.

Does Bank of Nova Scotia have shared voting power over JELD shares?

No. The bank reports 0 shared voting power; all voting rights are sole.

Under which SEC rule was the Schedule 13G/A filed?

The disclosure is made under Rule 13d-1(b) for a financial institution.

Is the Bank of Nova Scotia seeking control of JELD-WEN?

The certification states the shares are held in the ordinary course of business with no intent to influence control.