SCHEDULE 13G: Baird Entities Disclose 5.3% Passive Stake in Westport Fuel Systems Inc.

Robert W. Baird & Co. Incorporated and its parent entities, Baird Financial Corporation and Baird Financial Group, Inc., have reported a collective passive beneficial ownership of 5.3% in Westport Fuel Systems Inc. common shares.

Summary

• Robert W. Baird & Co. Incorporated (RWB), Baird Financial Corporation (BFC), and Baird Financial Group, Inc. (BFG) collectively reported beneficial ownership of 916,168 common shares of Westport Fuel Systems Inc.
• This aggregate amount represents 5.3% of Westport Fuel Systems Inc.'s common shares outstanding.
• The percentage was calculated based on 17,174,502 common shares outstanding as of December 31, 2023, as reported by the Issuer in its Annual Report on Form 40-F.
• The shares are held with shared voting power and shared dispositive power, primarily through investment discretion or voting authority granted to RWB by its clients.
• The filing states that 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 the issuer.

Sentiment

Score: 5

Explanation: Neutral filing, reports passive ownership stake without indicating any specific positive or negative implications for the issuer's performance or strategy.

Key Dates

Keywords

Westport Fuel Systems Inc., Robert W. Baird & Co. Incorporated, Baird Financial Corporation, Baird Financial Group Inc., Schedule 13G, Beneficial Ownership, Common Shares, Passive Investment, SEC Filing, Investment Advisor