SCHEDULE 13G/A: FMR LLC Discloses 7.2% Stake in FNB Corp PA
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have disclosed a beneficial ownership of 7.2% of FNB Corp PA's common stock, totaling over 25.7 million shares.
Summary
- FMR LLC and Abigail P. Johnson reported beneficial ownership of 25,752,744.66 shares of FNB Corp PA common stock.
- This represents 7.2% of the total outstanding common stock of FNB Corp PA.
- FMR LLC holds sole voting power over 24,706,217.11 shares and sole dispositive power over 25,752,744.66 shares.
- Abigail P. Johnson holds sole dispositive power over 25,752,744.66 shares, reflecting her control over FMR LLC's holdings.
- The filing is an Amendment No. 1 to a Schedule 13G, with the event date requiring filing being June 30, 2025.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance or strategic updates.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are predominant owners of Series B voting common shares of FMR LLC, representing 49% of voting power. | NA | Indicates a concentrated control structure within FMR LLC, which in turn controls a significant stake in FNB Corp PA. |
| Shareholders' Voting Agreement | Members of the Johnson family and other Series B shareholders have a voting agreement to vote all Series B common shares in accordance with the majority vote of Series B shares. | NA | Reinforces the controlling group status of the Johnson family over FMR LLC, and indirectly, its influence over the FNB Corp PA shares held by FMR LLC. |
Stakeholder Impact
- Shareholders: Increased transparency regarding significant institutional ownership by FMR LLC and its ultimate control by the Johnson family.
- Investment Professionals: Provides insight into a major institutional investor's position in FNB Corp PA.
Key Dates
| Date | Description |
|---|---|
| 2023-05-23 | Effective date of Power of Attorney for Richard Bourgelas. |
| 2023-08-08 | Date of original Schedule 13G filing by FMR LLC (accession number -23-002397) where Power of Attorney was incorporated by reference. |
| 2025-06-30 | Date of event which requires filing of this statement. |
| 2025-08-05 | Signature date of the Schedule 13G Amendment No. 1. |
Keywords
FNB Corp PA, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Bank Holding Company
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