Sec Form 13G Filing - FIFTH THIRD BANCORP (FITB) filing for STEELCASE INC (SCS) - 2023-02-10

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2

Under the Securities Exchange Act of 1934
(Amendment No. 25)*

Steelcase Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
858155203
(CUSIP Number)
December 31, 2022
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    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).





CUSIP NO. 85815520313G
Page 2 of 10
1
NAMES OF REPORTING PERSONS
I.R.S. Identification Nos. of Above Persons (Entities Only)

Fifth Third Bancorp. IRS Identification Number 31-0854434

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)


3
SEC USE ONLY


4
CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
NUMBER OF
SHARES
BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER

1,627,305
6
SHARED VOTING POWER
1,188,221
7
SOLE DISPOSITIVE POWER
862,703
8
SHARED DISPOSITIVE POWER
13,333,622
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,196,735
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    
 (See Instructions)

11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.04%(1)
12
TYPE OF REPORTING PERSON (See Instructions)
HC    

(1)Percentage of class calculation is based upon 92,531,450 shares of the Issuer’s Class A Common Stock outstanding as of December 19, 2022, as reported in the Issuer’s Report on Form 10-Q for the quarterly period ended November 25, 2022, plus 8,607,778 shares of the Issuer’s Class B Common Stock that are convertible into Class A Common Stock at the option of the holder and are beneficially owned by the reporting person.

CUSIP NO. 85815520313G
Page 3 of 10
1
NAMES OF REPORTING PERSONS
I.R.S. Identification Nos. of Above Persons (Entities Only)

Fifth Third Financial Corporation. IRS Identification Number 31-1755886

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)


3
SEC USE ONLY


4
CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
NUMBER OF
SHARES
BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER

1,627,305
6
SHARED VOTING POWER
1,188,221
7
SOLE DISPOSITIVE POWER
862,703
8
SHARED DISPOSITIVE POWER
13,333,622
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,196,735
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    
 (See Instructions)

11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.04%(1)
12
TYPE OF REPORTING PERSON (See Instructions)
HC    

(1)Percentage of class calculation is based upon 92,531,450 shares of the Issuer’s Class A Common Stock outstanding as of December 19, 2022, as reported in the Issuer’s Report on Form 10-Q for the quarterly period ended November 25, 2022, plus 8,607,778 shares of the Issuer’s Class B Common Stock that are convertible into Class A Common Stock at the option of the holder and are beneficially owned by the reporting person.

CUSIP NO. 85815520313G
Page 4 of 10
1
NAMES OF REPORTING PERSONS
I.R.S. Identification Nos. of Above Persons (Entities Only)

Fifth Third Bank, National Association. IRS Identification Number 31-0676865

2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)


3
SEC USE ONLY


4
CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
NUMBER OF
SHARES
BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER

1,627,305
6
SHARED VOTING POWER
1,188,221
7
SOLE DISPOSITIVE POWER
862,703
8
SHARED DISPOSITIVE POWER
13,333,622
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,196,735
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    
 (See Instructions)

11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.04%(1)
12
TYPE OF REPORTING PERSON (See Instructions)
BK    

(1)Percentage of class calculation is based upon 92,531,450 shares of the Issuer’s Class A Common Stock outstanding as of December 19, 2022, as reported in the Issuer’s Report on Form 10-Q for the quarterly period ended November 25, 2022, plus 8,607,778 shares of the Issuer’s Class B Common Stock that are convertible into Class A Common Stock at the option of the holder and are beneficially owned by the reporting person.


CUSIP NO. 85815520313G
Page 5 of 10
Explanatory Note

The number of shares reported as beneficially owned herein includes 8,607,778 shares of Class B Common Stock of the Issuer which are immediately convertible into an equal number of shares of Class A Common Stock at the option of the holder. If shares of Class B Common Stock are transferred to any person other than a "Permitted Transferee" (as defined in the Issuer's Second Restated Articles of Incorporation), such shares are automatically converted on a share-for-share basis into shares of Class A Common Stock. Shares of Class B Common Stock of the Issuer have the same attributes as shares of Class A Common Stock of the Issuer except that each share of Class B Common Stock entitles the holder thereof to ten votes on all matters upon which Shareholders have a right to vote and each share of Class A Common Stock entitles the holder thereof to one vote on such matters.

CUSIP NO. 85815520313G
Page 6 of 10
    Item 1.
        (a)    Name of Issuer:
            Steelcase Inc.
    
        (b)    Address of Issuer's Principal Executive Offices:
            901 44th Street SE
            Grand Rapids, Michigan 49508
    
    Item 2.
        (a)    Name of Person Filing:
            Fifth Third Bancorp, an Ohio corporation
            Fifth Third Financial Corporation, an Ohio corporation
            Fifth Third Bank, National Association

        (b)    Address of Principal Business Office, or if None, Residence:
    Fifth Third Center
38 Fountain Square Plaza
Cincinnati, Ohio 45263

        (c)    Citizenship:
            Fifth Third Bancorp: Ohio
            Fifth Third Financial Corporation: Ohio
            Fifth Third Bank, National Association: Ohio

        (d)    Title of Class of Securities:
Class A Common Stock    

        (e)    CUSIP Number:
            858155203



CUSIP NO. 85815520313G
Page 7 of 10
    Item 3.         If this statement is filed pursuant to Rule 13d-1(b), or 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 Rule 13d-1(b)(1)(ii)(E);
(f)        An employee benefit plan or endowment fund in accordance with
        Rule 13d-1(b)(1)(ii)(F);
(g)        A parent holding company or control person in accordance with
        Rule 13d-1(b)(1)(ii)(G);
(h)        A savings association 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); or
(j)        Group, in accordance with Rule 13d-1(b)(1)(ii)(J).


    Item 4.         Ownership.
a.Amount beneficially owned:14,196,735
b.Percent of class14.04 %
c.Number of shares as to which such person has:
i.Sole power to vote or to direct the vote:1,627,305
ii.Shared power to vote or to direct the vote:1,188,221
iii.Sole power to dispose or to direct the disposition of:862,703
iv.Shared power to dispose or to direct the disposition of:13,333,622


    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:


    Item 6.        Ownership of More than Five Percent on Behalf of Another Person.
The securities covered by this Schedule are held in trust, agency or custodial capacities by Fifth Third Bank, National Association. These trust, agency or custodial accounts receive the dividends from, or the proceeds from the sale of, such securities.



CUSIP NO. 85815520313G
Page 8 of 10
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
Fifth Third Bancorp has filed this schedule as the parent holding company of its wholly-owned subsidiary Fifth Third Financial Corporation. Fifth Third Financial Corporation has filed this schedule as the parent holding company of its wholly-owned subsidiary Fifth Third Bank, National Association.

SubsidiaryItem 3 Classification
Fifth Third Bank, National AssociationBank
Fifth Third Financial Corporation, an Ohio corporationParent Holding Company


    Item 8.        Identification and Classification of Members of the Group.
            Not applicable.


    Item 9.        Notice of Dissolution of Group.
            Not applicable.


    Item 10.    Certifications.        
            Not applicable.


CUSIP NO. 85815520313G
Page 9 of 10
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.


Dated:February 10, 2023Fifth Third Bancorp, an Ohio corporation
  
 By:/s/ Katerina Mills
 Name:Katerina Mills
 Title:Attorney-in-fact
Fifth Third Financial Corporation, an Ohio corporation
By:/s/ Katerina Mills
Name:Katerina Mills
Title:Attorney-in-fact
Fifth Third Bank, National Association
By:/s/ Katerina Mills
Name:Katerina Mills
Title:Attorney-in-fact


    














CUSIP NO. 85815520313G
Page 10 of 10