Newport Trust Co. Maintains Passive Stake in Parsons Corp (PSN)

TL;DR

**Newport Trust Co. still holds PSN, signaling continued institutional confidence.**

AI Summary

Newport Trust Company, LLC, a New Hampshire-based entity, filed an amended SC 13G/A on February 5, 2024, indicating its beneficial ownership of Parsons Corporation (PSN) common stock as of December 31, 2023. This filing updates previous disclosures, showing Newport Trust Company's ongoing significant, but passive, investment in Parsons. This matters to investors because it confirms a large institutional holder's continued stake, suggesting confidence in the company's long-term prospects, even if the exact number of shares isn't provided in this snippet.

Why It Matters

This filing confirms a major institutional investor's continued interest in Parsons Corp, which can be a positive signal for other investors regarding the stock's stability and long-term value.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate risks or significant changes in company control.

Analyst Insight

Investors should note the continued presence of a large institutional holder like Newport Trust Company, LLC, as it can signal stability, but this filing alone doesn't suggest any immediate buy or sell action.

Key Numbers

• 70202L102 — CUSIP Number (identifies Parsons Corporation's Common Stock)
• 0001722329 — Newport Trust Company, LLC's CIK (unique identifier for the reporting entity)
• 0000275880 — Parsons Corp's CIK (unique identifier for the subject company)

Key Players & Entities

• Newport Trust Company, LLC (company) — the reporting person and beneficial owner of Parsons Corp stock
• Parsons Corporation (company) — the issuer of the common stock being reported
• New Hampshire (company) — place of organization for Newport Trust Company, LLC
• December 31, 2023 (date) — date of event requiring the filing
• February 5, 2024 (date) — date the SC 13G/A was filed
• $1.00 (dollar_amount) — par value per share of Parsons Corporation Common Stock

Forward-Looking Statements

• Newport Trust Company, LLC will continue to hold a significant, passive stake in Parsons Corporation. (Newport Trust Company, LLC) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $1.00 — tion (Name of Issuer) Common Stock, $1.00 Par Value Per Share (Title of Class o

Filing Documents

• newporttrust-psn123123a4.htm (SC 13G/A) — 51KB
• 0001172661-24-000455.txt ( ) — 53KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Parsons Corporation (b)Address of Issuer’s Principal Executive Offices 14291 Park Meadow Drive, Suite 100 Chantilly, Virginia 20151

(a)Name of Person Filing

Item 2. (a)Name of Person Filing Newport Trust Company, LLC (b)Address of Principal Business Office, or, if none, Residence 1627 Eye Street, NW, Suite 950 Washington, DC 20006 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common Stock, $1.00 Par Value Per Share (e) CUSIP No.: 70202L102 CUSIP No. 70202L102 SCHEDULE 13G/A Page 4 of 6 Pages

If

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) x 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) o 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) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) 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: CUSIP No. 70202L102 SCHEDULE 13G/A Page 5 of 6 Pages 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: 58,993,973 (b) Percent of class: 56.24% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 58,993,973 (iii) Sole power to dispose or to direct the disposition of: 58,993,973 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class Not Applicable Item 6.Ownership of More Than Five Percent on Behalf of Anot

View Full Filing

View this SC 13G/A filing on SEC EDGAR