Securities Transactions by Persons Discharging Managerial Responsibilities under Regulation (EU) No 596/2014 on market abuse

Rhea-AI Summary

Tenaris (NYSE: TS) announced receipt of a notification of a securities transaction by a person discharging managerial responsibilities on March 5, 2026. The notification was filed with the Luxembourg Commission de Surveillance du Secteur Financier and the Luxembourg Stock Exchange.

Transaction details are publicly available via the Luxembourg OAM search portal and on Tenaris’s website under Share transactions in the “Share capital and votes” section.

Market Reality Check

Price: $52.69 Vol: Volume 1,932,363 is at 1....

normal vol

$52.69 Last Close

Volume Volume 1,932,363 is at 1.17x the 20-day average of 1,651,505 shares. normal

Technical Price 52.69 is trading above the 200-day MA of 39.06, near the -4.23% mark vs 52-week high.

Peers on Argus

TS fell 1.7% with all five key peers (HAL, FTI, BKR, SLB, NOV) also down between...

TS fell 1.7% with all five key peers (HAL, FTI, BKR, SLB, NOV) also down between -0.53% and -2.87%, indicating a sector-wide softening in oil & gas equipment & services.

Common Catalyst Multiple energy service peers had corporate news (capital markets and business updates), but the broadly negative price moves suggest a sector-driven risk-off tone.

Historical Context

5 past events · Latest: Feb 23 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 23	Buyback tranche end	Positive	+1.0%	Termination of USD 600m buyback tranche after repurchasing ~29.3m shares.
Feb 18	Earnings results	Positive	+7.9%	4Q25 and 2025 results with strong cash flow and proposed $0.89 dividend.
Dec 17	Ownership changes	Negative	-5.0%	Treasury shares reach 5.07% and controlling shareholder outlines share-sale plan.
Nov 02	Buyback expansion	Positive	+2.3%	Launch of USD 600m second tranche of USD 1.2bn share buyback program.
Oct 29	Earnings results	Positive	+4.9%	3Q25 results with strong EBITDA, net cash and interim dividend declaration.

Pattern Detected

Across the last five news events, TS showed consistently positive or directionally aligned price reactions to both earnings releases and capital-return announcements, including buybacks.

Recent Company History

Over the past months, Tenaris has focused on capital returns and steady operating performance. A USD 1.2 billion buyback program (with a USD 600 million second tranche) and treasury shares reaching 5.07% of voting rights framed shareholder-distribution efforts. Quarterly results in 3Q25 and 4Q25 featured multi-billion-dollar net sales and solid net income, with subsequent price gains. The current PDMR transaction disclosure fits into an active governance and capital-structure management backdrop.

Market Pulse Summary

This announcement reports a securities transaction by a person discharging managerial responsibiliti...

Analysis

This announcement reports a securities transaction by a person discharging managerial responsibilities under Regulation (EU) No 596/2014, emphasizing compliance and transparency. Tenaris has recently highlighted sizeable buyback activity and solid quarterly results, suggesting active capital-structure management alongside operational performance. Investors may track future filings on managerial and controlling-shareholder transactions, as well as upcoming earnings and buyback updates, to assess how governance and capital returns evolve from here.

Key Terms

regulation (eu) no 596/2014, persons discharging managerial responsibilities

2 terms

regulation (eu) no 596/2014 regulatory

"In compliance with Regulation (EU) No 596/2014 on market abuse and applicable..."

A European Union law that sets rules to prevent insider trading and market manipulation by requiring timely public disclosure of confidential company information that could affect share prices, and by governing trades by company insiders and communication rules. It matters to investors because it helps keep markets fair and transparent—like a rulebook and referee for trading—so prices reflect publicly available facts and investors can trust markets are not being rigged by people with secret information.

persons discharging managerial responsibilities regulatory

"notification of a securities transaction from a person discharging managerial responsibilities..."

Persons Discharging Managerial Responsibilities are the key people in a company who make big decisions, like top managers or executives. Knowing who they are is important because their actions can influence the company’s success or failure, and they are often required to share information about their dealings to ensure transparency for investors and the public.

AI-generated analysis. Not financial advice.

LUXEMBOURG, March 05, 2026 (GLOBE NEWSWIRE) -- In compliance with Regulation (EU) No 596/2014 on market abuse and applicable Luxembourg laws and regulations, Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announces that it has received a notification of a securities transaction from a person discharging managerial responsibilities (as defined in such Regulation). As required by such laws and regulations, such notification has been filed with the Luxembourg Commission de Surveillance du Secteur Financier and the Luxembourg Stock Exchange; and can be accessed through the following link: https://www.bourse.lu/oam-search

In addition, information on transactions reported by persons discharging managerial responsibilities in Tenaris is publicly available on the company’s website at: https://www.tenaris.com/en/sustainability/governance-and-ethics/. (see tab “Share transactions” in section “Share capital and votes”).

Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.

Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com

FAQ

What did Tenaris (TS) disclose on March 5, 2026 about insider transactions?

Tenaris disclosed it received a notification of a securities transaction by a person discharging managerial responsibilities. According to the company, the notice was filed with the Luxembourg regulator and Luxembourg Stock Exchange and is publicly accessible via the OAM search portal and company website.

Where were the Tenaris (TS) notification filings submitted and how can investors view them?

The filings were submitted to the Luxembourg Commission de Surveillance du Secteur Financier and the Luxembourg Stock Exchange. According to the company, investors can view the notice via the Luxembourg OAM search portal and the Share transactions tab on Tenaris’s website.

What is a notification by a person discharging managerial responsibilities for Tenaris (TS)?

It is a regulatory disclosure of a securities transaction by an insider required under EU market abuse rules. According to the company, such notifications are filed with regulators and published to ensure market transparency about insider trading activity.

Does the Tenaris (TS) announcement on March 5, 2026 change company guidance or financial results?

No, the announcement is a regulatory disclosure of a reported insider transaction and does not include earnings or guidance updates. According to the company, the notice solely reports the securities transaction and directs readers to public filing locations for details.

How can investors find the specific transaction details mentioned by Tenaris (TS)?

Investors can retrieve specific transaction details via the Luxembourg OAM search link and Tenaris’s website under Share transactions. According to the company, both sources provide the filed notification and related transaction information for review.