JPMorgan Chase Discloses 5.0% Passive Stake in MSA Safety Inc.

TL;DR

**JPMorgan Chase just revealed a 5% stake in MSA Safety, a bullish signal for the stock.**

AI Summary

JPMorgan Chase & Co. reported on January 10, 2024, that it beneficially owns 5.0% of MSA Safety Inc.'s common stock as of December 29, 2023. This translates to 1,863,186 shares, indicating a significant passive investment by a major financial institution. This matters to investors because it signals that a large, sophisticated investor sees value in MSA Safety, potentially boosting confidence in the stock's long-term prospects.

Why It Matters

A major financial institution like JPMorgan Chase taking a significant stake can be seen as a vote of confidence, potentially attracting other investors and influencing stock price positively.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces volatility and signals stability rather than immediate risk.

Analyst Insight

A smart investor would view this as a positive signal, potentially researching MSA Safety Inc. further or considering adding it to their portfolio, given the endorsement from a major financial institution like JPMorgan Chase & Co.

Key Numbers

• 5.0% — Beneficial Ownership Percentage (JPMorgan Chase & Co.'s stake in MSA Safety Inc.)
• 1,863,186 — Shares Beneficially Owned (The total number of common shares held by JPMorgan Chase & Co.)
• December 29, 2023 — Date of Event (The date when the ownership threshold was met, triggering the filing.)

Key Players & Entities

• JPMorgan Chase & Co. (company) — the entity filing the SC 13G, reporting its ownership
• MSA Safety Inc. (company) — the subject company whose shares are being reported
• 1,863,186 (dollar_amount) — the number of shares beneficially owned by JPMorgan Chase & Co.
• 5.0% (dollar_amount) — the percentage of MSA Safety Inc. common stock beneficially owned
• December 29, 2023 (person) — the date of the event requiring the filing

Forward-Looking Statements

• MSA Safety Inc. stock may experience increased investor confidence due to JPMorgan's significant stake. (MSA Safety Inc.) — medium confidence, target: Q1 2024
• Other institutional investors might review their positions in MSA Safety Inc. following this disclosure. (Institutional Investors) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• MSA_SAFETY_INCORPORATED.ht.htm (SC 13G) — 86KB
• 0000019617-24-000046.txt ( ) — 88KB

From the Filing

SC 13G 1 MSA_SAFETY_INCORPORATED.ht.htm FILING MSA SAFETY INCORPORATED Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* MSA SAFETY INCORPORATED (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 553498106 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 553498106 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 1,934,339 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 2,139,244 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,139,384 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.4 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer MSA SAFETY INCORPORATED (b) Address of Issuer's Principal Executive Offices 1000 Cranberry Woods Drive, Cranberry Township, Pennsylvania 16066-5207 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock, no par value (e) CUSIP Number 553498106 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. 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: 2,139,384 (b) Percent of class: 5.4 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,934,339 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,139,244 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. 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 o . Item 6. 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 J.P. Morgan Securities LLC JPMorgan Chase Bank, National Association J.P. Morgan Investment Management Inc. 55I, LLC J.P. Morgan Priva

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