Vanguard discloses 5.85M Photronics shares ownership (PLAB)

Rhea-AI Filing Summary

Photronics Inc reports a Schedule 13G/A showing The Vanguard Group beneficially owns 5,847,277 common shares, representing 10.09% of the class.

The filing states shared voting power of 459,239 shares and shared dispositive power over 5,847,277 shares. It also notes an internal Vanguard realignment effective January 12, 2026 that may lead certain Vanguard subsidiaries to report ownership separately.

Insights

Institutional Ownership Analyst

Large passive stake: Vanguard holds 5,847,277 shares (10.09%).

The filing identifies 5,847,277 shares as the amount beneficially owned and reports 10.09% of the class, indicating a sizable institutional position that must be disclosed under beneficial ownership rules.

Timing notes include a Vanguard internal realignment dated January 12, 2026, which the filing says may produce disaggregated future reports from subsidiaries. Subsequent filings may reflect that breakup.

Corporate Governance Specialist

Voting and disposition powers are shared, not sole, per the filing.

The Schedule 13G/A lists 0 shares with sole voting power and 459,239 shares with shared voting power; dispositive power is shared for 5,847,277 shares. This distinguishes control-type attributes from sole-control positions.

The filing explains that Vanguard's internal change on January 12, 2026 altered which Vanguard entities perform portfolio management and proxy voting; the filing anticipates separate reports by subsidiaries.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 8)

Photronics Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

02/27/2026

(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 Number(s):

1

Names of Reporting Persons

The Vanguard Group

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

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 459,239.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,847,277.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,847,277.00

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)

10.09 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. As of that date, The Vanguard Group, Inc. no longer performs portfolio management services or administers proxy voting. In accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. anticipates that certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that currently have, or are deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Photronics Inc
(b)	Address of issuer's principal executive offices: 15 Secor Road, Brookfield, CT, 06804
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 719405102
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: 5847277
(b)	Percent of class: 10.09 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 459239
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 5847277
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
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.

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.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	03/05/2026

FAQ

How many Photronics (PLAB) shares does The Vanguard Group report owning?

The Vanguard Group reports owning 5,847,277 Photronics common shares, representing 10.09% of the class. The filing lists that amount as the beneficially owned shares on the Schedule 13G/A signed March 5, 2026.

What voting and dispositive powers does Vanguard report for PLAB shares?

Vanguard reports 0 shares with sole voting power and 459,239 with shared voting power. It reports shared dispositive power over 5,847,277 shares, per the Schedule 13G/A.

Does the filing state Vanguard will change how it reports PLAB ownership?

Yes. The filing says Vanguard underwent an internal realignment on January 12, 2026 and anticipates certain subsidiaries will report beneficial ownership separately thereafter, in reliance on SEC Release No. 34-39538.

Who signed the Schedule 13G/A for Photronics (PLAB)?

The filing is signed by Ashley Grim, Head of Global Fund Administration, on March 5, 2026, certifying the Schedule 13G/A disclosure for The Vanguard Group.

Does the filing identify any other person with over 5% ownership of PLAB?

No. The filing states Vanguard's clients may have rights to dividends or sale proceeds but that no other person's interest in the securities reported exceeds 5% of the class.