SCHEDULE 13G/A: Charles Family Trust and Dirkson R. Charles Disclose 5% Stake in Loar Holdings Inc.
Beneficial Ownership Disclosure
Charles Family Trust 13 and Dirkson R. Charles have jointly disclosed a beneficial ownership of 5% in Loar Holdings Inc., representing 4,721,377 shares of common stock.
Summary
- Charles Family Trust 13 and Dirkson R. Charles collectively beneficially own 4,721,377 shares of Loar Holdings Inc. common stock.
- This ownership represents 5% of the total outstanding common stock of Loar Holdings Inc.
- The percentage is calculated based on 93,556,071 outstanding shares as of December 12, 2024, as stated in the Issuer's Prospectus.
- Dirkson R. Charles holds sole voting and dispositive power over the 4,721,377 shares, while also sharing voting and dispositive power with the Charles Family Trust 13, for which he is the trustee.
- The filing is an Amendment No. 1 to a previous Schedule 13G filed on November 14, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Schedule 13G) disclosing beneficial ownership, which is purely factual and does not convey positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes, potentially influencing market perception of control or stability.
Key Dates
| Date | Description |
|---|---|
| 2024-11-14 | Date of the initial Schedule 13G filing by the Reporting Persons. |
| 2024-12-12 | Date of the Issuer's Prospectus filing with the SEC, which stated 93,556,071 outstanding shares of common stock immediately following the offering. |
| 2024-12-31 | Date of the event which required the filing of this Schedule 13G Amendment No. 1. |
| 2025-02-14 | Date of signature for the Schedule 13G Amendment No. 1 filing. |
Keywords
Loar Holdings Inc., Charles Family Trust 13, Dirkson R. Charles, Schedule 13G, beneficial ownership, common stock, SEC filing, institutional ownership, equity stake, investor disclosure
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