[SCHEDULE 13G] Radius Recycling, Inc. SEC Filing
State Street Corporation reports beneficial ownership of 1,567,543 shares of Radius Recycling Inc. common stock, representing 5.6% of the outstanding class. The filing shows shared voting power of 1,511,760 shares and shared dispositive power of 1,567,543 shares, while it reports no sole voting or sole dispositive power. Several State Street Global Advisors entities are identified as subsidiaries involved in the holdings and are classified as investment advisers. The filing includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Disclosure of a material institutional stake: 1,567,543 shares representing 5.6% of the class
- Clear voting and dispositive breakdown: shared voting power 1,511,760 and shared dispositive power 1,567,543
- Subsidiaries identified and classified: Multiple SSGA entities listed as investment advisers
- Certification of ordinary-course holdings: Statement that shares were not acquired to change or influence control
- No sole voting or dispositive power reported, indicating State Street does not exercise exclusive control
- Cover-page rule checkbox not explicitly marked in the provided extract, limiting clarity on filing category selection
Insights
TL;DR State Street discloses a 5.6% position in RDUS held via SSGA entities and states the stake is held in the ordinary course, not to change control.
The report documents an institutional holding of 1,567,543 shares, representing 5.6% of Radius Recycling's common stock. Voting and dispositive powers are reported as shared rather than sole, indicating trading and voting authority are exercised jointly or through nominee/sub-advisory arrangements. The identified subsidiaries are classified as investment advisers, which explains reporting through advisory channels. Overall, the disclosure is a material ownership notice but presents the position as passive by certification.
Impact assessment: Not impactful to control but material as institutional ownership disclosure.
TL;DR A 5.6% institutional stake is disclosed with shared voting authority and adviser entities named; filing asserts no intent to influence control.
Key governance details are explicit: shared voting power of 1,511,760 shares and shared dispositive power equal to the aggregate amount. Multiple State Street Global Advisors entities are listed as the relevant subsidiaries and are classified as investment advisers, which carries implications for proxy voting and fiduciary processes. The filing's certification that the holdings were not acquired to change control clarifies intent but does not eliminate routine governance monitoring by investors.
Impact assessment: Not impactful to issuer control; important for shareholder composition transparency.