Mairs and Power discloses 5.91% Tennant (TNC) ownership in Schedule 13G/A
Rhea-AI Filing Summary
Mairs and Power, Inc. filed an amended Schedule 13G reporting a passive ownership stake in Tennant Company common stock. The firm beneficially owns 1,071,474 shares, representing 5.91% of the outstanding common stock as of the event date. Mairs and Power has sole voting power over 1,067,773 shares and sole dispositive power over 1,071,474 shares, with no shared voting or dispositive power. The filer certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Tennant.
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FAQ
What stake in Tennant Co (TNC) does Mairs and Power report?
Mairs and Power reports beneficial ownership of 1,071,474 Tennant common shares, equal to 5.91% of the class. This filing reflects a passive investment position rather than an attempt to influence control of the company.
Is Mairs and Power seeking to influence control of Tennant Co (TNC)?
No. Mairs and Power certifies the Tennant shares were acquired and are held in the ordinary course of business and not to change or influence control of Tennant, consistent with a passive institutional investor filing on Schedule 13G.
What type of security in Tennant Co (TNC) is covered in this filing?
The filing covers common stock of Tennant Company with a par value of $0.375 per share, identified by CUSIP 880345103. Mairs and Power’s reported 5.91% stake relates specifically to this class of common equity.
What is the event date for Mairs and Power’s ownership report in Tennant Co (TNC)?
The Schedule 13G/A is based on an event date of December 31, 2025. The ownership percentages and share amounts reported, including the 5.91% of Tennant common stock, are tied to that specified date.
Who signed the Tennant Co (TNC) Schedule 13G/A for Mairs and Power?
The report was signed by Brent M. Williams, CCO of Mairs and Power, Inc. He certifies, after reasonable inquiry, that the information about Tennant share ownership is true, complete, correct, and reflects ordinary-course investment activity.