Charles Schwab Investment Management discloses 5.18% JELD-WEN (NYSE: JELD) stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
JELD-WEN Holding, Inc. reported that Charles Schwab Investment Management Inc. has filed a Schedule 13G as a beneficial owner of its common stock. Schwab reports beneficial ownership of 4,429,498 JELD-WEN shares, representing 5.18% of the outstanding common stock.
Schwab has sole voting and sole dispositive power over all reported shares, with no shared voting or dispositive authority. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of JELD-WEN.
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FAQ
What does Charles Schwab’s Schedule 13G filing mean for JELD (JELD-WEN Holding, Inc.)?
The Schedule 13G shows Charles Schwab Investment Management beneficially owns 4,429,498 JELD-WEN shares, or 5.18% of the common stock. It also states the position is held in the ordinary course of business and not to influence control of the company.
What percentage of JELD-WEN’s common stock is owned by Charles Schwab Investment Management?
Charles Schwab Investment Management reports owning 5.18% of JELD-WEN’s common stock. This percentage is based on its beneficial ownership of 4,429,498 shares and reflects that Schwab is a significant, but not controlling, institutional shareholder in the company.
Does Charles Schwab aim to influence control of JELD-WEN (JELD) with this stake?
The filing states the securities were acquired and are held in the ordinary course of business, not to change or influence control of JELD-WEN. It also notes the position is not held in connection with any transaction intended to affect control of the issuer.
What type of filing did Charles Schwab submit regarding JELD-WEN (JELD)?
Charles Schwab Investment Management submitted a Schedule 13G relating to JELD-WEN Holding, Inc. A Schedule 13G is a beneficial ownership report typically used by institutional investors holding more than 5% of a company’s shares without seeking to influence corporate control.
Who signed the Schedule 13G filed by Charles Schwab for JELD-WEN (JELD)?
The Schedule 13G was signed by Omar Aguilar, Chief Executive Officer of Charles Schwab Investment Management Inc. The signature certifies, after reasonable inquiry, that the information in the statement is true, complete, and correct as of the stated reporting date.