SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose Passive 2.9% Stake in Olin Corp

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a passive beneficial ownership of 2.9% of Olin Corp's common stock as of December 31, 2024.

Summary

• FMR LLC and Abigail P. Johnson jointly filed an amended Schedule 13G for Olin Corp.
• As of December 31, 2024, they beneficially own an aggregate of 3,373,293.72 shares of Olin Corp's common stock.
• This represents 2.9% of the total outstanding common stock of Olin Corp.
• FMR LLC holds sole voting power over 3,355,167.00 shares, while Abigail P. Johnson holds no sole voting power.
• Both FMR LLC and Abigail P. Johnson share sole dispositive power over 3,373,293.72 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Olin Corp.
• FMR LLC is classified as a parent holding company, with subsidiaries like FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Management & Research Company LLC, and Strategic Advisers LLC identified as investment advisers.
• Members of the Johnson family, including Abigail P. Johnson, are predominant owners of FMR LLC's Series B voting common shares, representing 49% of the voting power, and have a shareholders' voting agreement.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of passive ownership and does not contain information that would significantly alter the perception of the company's financial health or prospects.

Future Outlook

NA

Industry Context

This filing reflects a routine disclosure by a large institutional investor, FMR LLC, and its principal, Abigail P. Johnson, regarding their passive stake in Olin Corp. Such filings are common for investment firms managing diversified portfolios and do not typically indicate a strategic shift or significant industry trend, beyond the ongoing investment activity in the chemicals and ammunition sector where Olin operates.

Stakeholder Impact

• This filing primarily impacts shareholders by providing transparency on a significant institutional investor's passive stake, confirming that the shares are held for investment purposes and not to influence control.

Key Dates

Keywords

Olin Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing