SCHEDULE: FMR LLC Discloses 10.3% Stake in Vestis Corporation
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 10.3% of Vestis Corporation's common stock as of October 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson, through various entities, beneficially own 13,523,996.52 shares of Vestis Corporation's common stock.
- This ownership represents 10.3% of the total outstanding common stock of Vestis Corporation.
- FMR LLC holds sole voting power over 13,516,933.00 shares and sole dispositive power over 13,523,996.52 shares.
- Abigail P. Johnson, as a Director, Chairman, CEO of FMR LLC, and a predominant owner of its voting shares, is also deemed to beneficially own these shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported ownership stake.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Vestis Corporation.
Sentiment
Score: 5
Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G) and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's operational performance or future prospects. It simply reports a significant stake held by a major institutional investor.
Future Outlook
NA
Industry Context
This filing reflects a significant institutional investment in Vestis Corporation by FMR LLC, a major global asset manager. Such disclosures are common in the investment management industry as large funds adjust their portfolio holdings and cross statutory reporting thresholds. The 10.3% stake indicates a notable position in Vestis, potentially signaling FMR's confidence in the company's long-term prospects or its role as a passive investment.
Stakeholder Impact
- Shareholders: The disclosure of a significant 10.3% stake by a prominent institutional investor like FMR LLC could be viewed positively by other shareholders, potentially signaling institutional confidence in Vestis Corporation. It also provides transparency regarding major ownership structures.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2025-10-31 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 2025-11-06 | Date of signing for the Schedule 13G filing. |
Keywords
Vestis Corporation, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional ownership, investment management, equity stake
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