Form 4: Turtle Creek Asset Management Increases Stake in JELD-WEN Holding, Inc.

Turtle Creek Asset Management reports acquiring additional shares of JELD-WEN Holding, Inc. common stock through multiple funds.

Summary

• Turtle Creek Asset Management Inc. filed a Form 4 disclosing changes in beneficial ownership of JELD-WEN Holding, Inc. [JELD] common stock.
• The transactions occurred on January 13, 2025.
• Turtle Creek acquired shares through several funds: Turtle Creek Equity Fund, Turtle Creek Investment Fund, Turtle Creek United States Equity Fund, Turtle Creek Synthetic PE Fund, and Turtle Creek North American Equity Fund.
• The purchase price was $8.4635 per share.
• The total shares acquired across all funds amounted to 74,999 shares.
• Following the reported transactions, Turtle Creek's indirect beneficial ownership is 12,320,226 shares via Turtle Creek Equity Fund, 1,171,330 shares via Turtle Creek Investment Fund, 807,857 shares via Turtle Creek United States Equity Fund, 629,934 shares via Turtle Creek Synthetic PE Fund and 383,573 shares via Turtle Creek North American Equity Fund.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock purchases. The increased investment could be seen as mildly positive, but it's not a strong indicator.

Positives

• Increased investment by Turtle Creek could signal confidence in JELD-WEN's future prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding significant changes in ownership by company insiders and major shareholders. This filing indicates increased investment by Turtle Creek, which could be interpreted as a positive signal.

Stakeholder Impact

• Shareholders may view the increased investment by Turtle Creek as a positive sign.

Key Dates