SCHEDULE: Vanguard Disaggregates Park National Corp Holdings

The Vanguard Group has amended its Schedule 13G filing for Park National Corp, reporting zero beneficial ownership due to an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 12 to its Schedule 13G for Park National Corp, indicating a change in its beneficial ownership reporting.
• As of the event date March 13, 2026, The Vanguard Group reports 0% beneficial ownership of Park National Corp's Common Stock.
• This change stems from an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538 (January 12, 1998).
• These subsidiaries and/or business divisions continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a procedural amendment reflecting an internal organizational change at The Vanguard Group, not a statement on Park National Corp's performance or prospects.

Future Outlook

NA

Management Comments

• Ashley Grim, Head of Global Fund Administration for The Vanguard Group, certified 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 the issuer.

Industry Context

StockSavvy.ai notes that this filing represents a procedural change in how The Vanguard Group reports its beneficial ownership, rather than a change in its underlying investment strategy or a divestment from Park National Corp. Such disaggregation is a common practice for large institutional investors to comply with regulatory guidelines, particularly following internal reorganizations.

Stakeholder Impact

• Shareholders of Park National Corp will see a change in the reported beneficial ownership by The Vanguard Group, but this does not imply a change in the underlying investment by Vanguard's managed funds or accounts, only a change in reporting structure.

Next Steps

• The Vanguard Group's subsidiaries or business divisions that now beneficially own Park National Corp securities will report their holdings separately.

Key Dates

Keywords

Park National Corp, Vanguard Group, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing, disaggregation