SCHEDULE 13G/A: FMR LLC Maintains Significant 11% Stake in Crocs Inc.
Beneficial Ownership Disclosure
FMR LLC and its affiliates, including Abigail P. Johnson, have disclosed a continued beneficial ownership of 11.0% of Crocs Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC, a Delaware-based parent holding company, and Abigail P. Johnson, a U.S. citizen, jointly reported beneficial ownership of 6,386,607.45 shares of Crocs Inc. common stock.
- This aggregate amount represents 11.0% of the total outstanding common stock of Crocs Inc.
- FMR LLC holds sole voting power over 6,188,920.10 shares and sole dispositive power over 6,386,607.45 shares.
- Abigail P. Johnson holds sole dispositive power over 6,386,607.45 shares, with 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 the control of Crocs Inc.
- FMR LLC's subsidiaries and affiliates, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are involved in the beneficial ownership.
- Fidelity Management & Research Company LLC beneficially owns 5% or greater of the outstanding shares.
- Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and is part of the Johnson family, who are predominant owners of FMR LLC's Series B voting common shares, forming a controlling group for FMR LLC.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without explicit positive or negative commentary on the issuer's performance or outlook.
Positives
- The continued significant stake (11.0%) by a major institutional investor like FMR LLC may signal confidence in Crocs Inc.'s long-term prospects.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of influencing control, which can provide stability and reduce concerns about activist investor intervention.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding Crocs Inc.'s business operations or financial performance. It solely pertains to beneficial ownership disclosure.
Industry Context
This filing reflects a routine disclosure of significant institutional ownership in a publicly traded company, common among large asset managers like FMR LLC. Such disclosures provide transparency into the ownership structure of companies and can influence market perception of a stock.
Stakeholder Impact
- Shareholders: The disclosure of a significant and stable institutional stake by FMR LLC may be viewed positively, indicating long-term investor confidence and potentially contributing to share price stability.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its subsidiaries, authorizing Stephanie J. Brown to sign. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 2024-12-31 | Date of event which requires the filing of this statement (reporting period end). |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 8. |
Keywords
Crocs Inc., FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investment, Equity Stake
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