Park National Bank Amends 13G/A for Park National Corp Shares

TL;DR

**Park National Bank just updated its stake in Park National Corp, showing continued ownership.**

AI Summary

Park National Bank, acting as a Trustee, filed an amended SC 13G/A on February 13, 2024, indicating its beneficial ownership of Park National Corporation's common shares as of December 31, 2023. This amendment, number 29, updates previous disclosures, showing that the bank, through its trust department, continues to hold a significant stake in the company. This matters to investors because it confirms a major institutional holder's continued confidence in Park National Corp, suggesting stability in its ownership structure.

Why It Matters

This filing confirms that a key institutional investor, Park National Bank, maintains its beneficial ownership in Park National Corporation, signaling ongoing stability and confidence in the company.

Risk Assessment

Risk Level: low — This filing is a routine update of beneficial ownership and does not indicate any significant new risks or changes.

Analyst Insight

Investors should note the continued institutional ownership by Park National Bank, which suggests stability, but this filing alone doesn't provide new catalysts for buying or selling. It's a routine update confirming existing positions.

Key Players & Entities

• Park National Corp /OH/ (company) — the subject company whose securities are being reported
• Park National Bank /OH (company) — the reporting person, acting as a Trustee
• Amber L Cummins (person) — AVP and Trust Officer for Park National Bank, signing the filing
• Newark, Ohio (company) — place of organization for Park National Bank

FAQ

Filing Documents

• tm246079d1_sc13ga.htm (SC 13G/A) — 53KB
• 0001104659-24-019902.txt ( ) — 55KB

From the Filing

SC 13G/A 1 tm246079d1_sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 29)* Park National Corporation (Name of Issuer) Common Shares, without par value (Title of Class of Securities) 700658 10 7 (CUSIP Number) 12-31-23 (Date of Event Which Requires Filing of this Statement) Check the following box if a fee is being paid with this statement: Rule 13d-1(b) Rule 13d-1(c) 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). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1745 (12-02) CUSIP No. 700658 10 7 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Park National Bank, Trustee By: Amber L Cummins, AVP and Trust Officer 2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) ¨ 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A (Newark, Ohio) Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 1,443,678 common shares 6. Shared Voting Power -0- 7. Sole Dispositive Power 412,706 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,443,678 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 9.0% 12. Type of Reporting Person (See Instructions) BK See attached “Exhibit 1” See attached “Exhibit 2” 2 Item 1. (a) Name of Issuer Park National Corporation (b) Address of Issuer's Principal Executive Offices: 50 North Third Street P.O. Box 3500 Newark, OH 43058-3500 Item 2. (a) Name of Person Filing: Park National Bank, Trustee (b) Address of Principal Business Office or, if none, Residence Same as Item 1 (c) Citizenship U.S.A. (Newark, Ohio) (d) Title of Class of Securities Common Shares, w/o par value (e) CUSIP Number 700658 10 7 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) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) 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) Group, in accordance with §240.13d-1(b)(1)(ii)(J). 3 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: 1,443,678 (b) Percent of class: 9.0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,443,678 (ii) Shared power to vote or to direct the vote -0- . (iii) Sole power to dispose or to direct the disposition of 412,706 (iv) Shared power to dispose or to direct the disposition of 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d3(d)(1). Item 5. 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 . Instruction: Dissolution of a group requires a response to this item. Item 6. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securitie

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