SCHEDULE: Pzena Investment Management Reports 11.9% Stake in Newell Brands

Pzena Investment Management, LLC reports beneficial ownership of 49,432,520 shares of Newell Brands Inc., representing 11.9% of the company's common stock as of December 31, 2024.

Summary

• Pzena Investment Management, LLC filed a Schedule 13G with the SEC on January 23, 2025, regarding their ownership stake in Newell Brands Inc.
• As of December 31, 2024, Pzena Investment Management beneficially owns 49,432,520 shares of Newell Brands' common stock.
• This represents approximately 11.9% of the outstanding shares of Newell Brands.
• Pzena Investment Management has sole voting power over 41,831,512 shares and sole dispositive power over 49,432,520 shares.
• Clients of Pzena Investment Management have the right to receive dividends from, or the proceeds from the sale of, the securities, but no single client's interest exceeds 5% of the class.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• Pzena Investment Management's substantial investment could signal confidence in Newell Brands' future prospects.

Risks

• The Schedule 13G filing indicates Pzena Investment Management's ownership position, but doesn't necessarily imply any specific intent to influence the company's management or operations.

Industry Context

Schedule 13G filings are common for investment firms holding significant stakes in publicly traded companies, providing transparency about ownership positions.

Comparison to Industry Standards

• Other investment firms such as BlackRock and Vanguard routinely file similar Schedule 13G reports for their holdings in various companies.
• An 11.9% stake is a significant but not uncommon ownership level for institutional investors.

Stakeholder Impact

• The disclosure of a significant ownership stake may influence investor sentiment and potentially impact the stock price of Newell Brands.

Key Dates

Keywords

Newell Brands, Pzena Investment Management, Schedule 13G, Beneficial Ownership, Investment, Shareholding