Allspring Global Investments Amends Innospec Stake
Ticker: IOSP · Form: SC 13G/A · Filed: Jan 12, 2024 · CIK: 1054905
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G/A
TL;DR
**Allspring Global Investments updated its Innospec Inc. stake.**
AI Summary
Allspring Global Investments Holdings, LLC, a major investment firm, filed an amended SC 13G/A on January 12, 2024, indicating a change in their ownership stake in Innospec Inc. as of December 31, 2023. This filing, Amendment No. 4, updates their previous disclosures regarding their holdings in Innospec Inc.'s common stock. For investors, this matters because significant changes in institutional ownership can signal shifts in market sentiment or fundamental views on the company's future prospects.
Why It Matters
Changes in large institutional holdings can influence stock price and reflect a major investor's updated view on the company's value or future performance.
Risk Assessment
Risk Level: low — This filing is a routine update on institutional ownership and does not inherently signal high risk, but rather transparency.
Analyst Insight
Investors should monitor subsequent filings (like the full 13F) to understand the exact change in Allspring Global Investments' stake in Innospec Inc. and consider if this aligns with their own investment thesis.
Key Players & Entities
- Allspring Global Investments Holdings, LLC (company) — the reporting person filing the SC 13G/A
- INNOSPEC INC. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 12, 2024 (date) — the filing date of the SC 13G/A
- 45768S105 (other) — the CUSIP number for Innospec Inc. common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No. 4.
Who is the reporting person in this filing?
The reporting person is Allspring Global Investments Holdings, LLC, with a Tax ID of 36-4863.
Which company's securities are the subject of this filing?
The subject company is INNOSPEC INC., identified by the CUSIP Number 45768S105 for its common stock.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b).
Filing Stats: 1,549 words · 6 min read · ~5 pages · Grade level 8.2 · Accepted 2024-01-12 08:24:55
Filing Documents
- Innospec_20231231.htm (SC 13G/A) — 27KB
- 0001890906-24-000073.txt ( ) — 29KB
Ownership
Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 2,337,644 (ii) AGI: 2,335,589 (ii) AFM: 1,662,639 (b) Percent of class: (i) AGIH: 9.40% (ii) AGI: 9.39% (ii) AFM: 6.69% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 2,190,515 (2) AGI: 529,931 (3) AFM: 1,660,584 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 2,337,644 (2) AGI: 2,335,589 (3) AFM: 2,055 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following[ ].
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable.
Certification
Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 10, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 10, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)