SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 15.0% Passive Stake in REV Group Inc.
Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a passive beneficial ownership of 15.0% in REV Group Inc. as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership of common stock in REV Group Inc.
- As of December 31, 2024, the reporting persons collectively beneficially own 7,819,739.04 shares of REV Group Inc. common stock.
- This represents 15.0% of the total outstanding common stock of REV Group Inc.
- FMR LLC holds sole voting power over 7,816,030.00 shares and sole dispositive power over 7,819,739.04 shares.
- Abigail P. Johnson holds sole dispositive power over 7,819,739.04 shares, but no sole or shared voting power.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, FIAM LLC, and Strategic Advisers LLC, are investment advisers and beneficially own shares.
- The Johnson family, including Abigail P. Johnson, are predominant owners of FMR LLC's Series B voting common shares (49% voting power) and, through a voting agreement, may be deemed to form a controlling group with respect to FMR LLC.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing disclosing passive beneficial ownership, with no direct positive or negative implications for the issuer's operational or financial performance.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive institutional investor's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where its Power of Attorney was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 12/31/2024 | Date of event which requires filing of this statement (ownership snapshot date). |
| 02/11/2025 | Date of filing of this Schedule 13G Amendment No. 2. |
Keywords
REV Group Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, Ownership Disclosure
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