SCHEDULE: BlackRock Discloses 5.03% Stake in Stantec Inc.
Beneficial Ownership Disclosure
BlackRock, Inc. has reported a 5.03% beneficial ownership stake in Stantec Inc., holding 5,746,816 common shares as of December 31, 2025.
Summary
- BlackRock, Inc. beneficially owns 5,746,816 shares of Stantec Inc. Common Stock.
- This ownership represents 5.03% of Stantec Inc.'s outstanding common stock.
- BlackRock, Inc. holds sole voting power over 5,320,298 shares and sole dispositive power over 5,746,816 shares.
- The filing was made pursuant to Rule 13d-1(b), indicating BlackRock, Inc. is a passive institutional investor and not seeking to change or influence control of Stantec Inc.
- BlackRock, Inc. is identified as a parent holding company, with several subsidiaries listed in Exhibit 99 as potentially holding beneficial ownership, including BlackRock Life Limited, BlackRock France SAS, and BlackRock Institutional Trust Company, National Association.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership by a passive institutional investor and does not contain information that would significantly alter the sentiment towards the company, either positively or negatively.
Positives
- A significant stake by a major institutional investor like BlackRock, Inc. can be viewed as a vote of confidence in Stantec Inc.'s long-term prospects and stability.
Future Outlook
This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance from Stantec Inc. or BlackRock, Inc. regarding Stantec's future performance.
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of Stantec Inc.
Industry Context
This filing represents a standard disclosure by a large asset manager, BlackRock, Inc., regarding its passive investment in Stantec Inc., a global professional services company in the design and consulting industry. Such disclosures are common for institutional investors that cross the 5% ownership threshold, reflecting routine portfolio management rather than a strategic or activist move.
Stakeholder Impact
- Shareholders may view BlackRock's significant, passive stake as a positive indicator of institutional confidence in Stantec Inc.'s value and stability.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney dated, which is now expressly revoked by the new Power of Attorney. |
| 2025-01-21 | Date of execution for the new Power of Attorney by BlackRock, Inc. |
| 2025-12-31 | Date of event which required the filing of this statement, reflecting BlackRock's beneficial ownership. |
| 2026-01-21 | Date of signature for the Schedule 13G filing by BlackRock, Inc. |
Keywords
Stantec Inc., BlackRock Inc., beneficial ownership, common stock, institutional investment, Schedule 13G, passive investment
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