T. Rowe Price Investment Management (USCB) reports 7.3% ownership stake
Rhea-AI Filing Summary
T. Rowe Price Investment Management, Inc. reported beneficial ownership of USCB Financial Holdings Inc. common stock. As of the event date, it reported holding 1,316,580 shares, representing 7.3% of the outstanding common stock.
The firm has sole voting and sole dispositive power over all 1,316,580 shares, with no shared voting or dispositive power. It states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of USCB Financial Holdings Inc., while expressly denying beneficial ownership of the securities.
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FAQ
What percentage of USCB (USCB) common stock is held by T. Rowe Price Investment Management, Inc.?
T. Rowe Price Investment Management, Inc. reports holding 7.3% of the USCB common stock class. This percentage is based on 1,316,580 shares reported as beneficially owned, indicating a significant institutional position above the 5% reporting threshold.
Is T. Rowe Price Investment Management, Inc. seeking to influence control of USCB (USCB)?
No. It certifies the USCB securities were acquired and are held in the ordinary course of business and not for changing or influencing control of USCB Financial Holdings Inc., nor as part of any transaction intended to have that effect.
Does T. Rowe Price Investment Management, Inc. admit beneficial ownership of the USCB (USCB) shares?
The firm expressly denies beneficial ownership of the USCB securities, despite reporting them for Schedule 13G/A purposes. It states that the information should not be construed as an admission that it is the beneficial owner of the reported shares.