América Móvil (NYSE: AMX) director details vast Series B share stake
Rhea-AI Filing Summary
América Móvil director Carlos Slim Domit has filed an initial ownership report showing very large holdings of the company’s Series B Shares. The filing lists 2,325,617,791 Series B Shares held directly. It also shows additional indirect holdings through several Mexican trusts and companies associated with the Slim family.
One block of 17,742,515,522 Series B Shares is held by a control trust where Slim family members, including the reporting person, are participants and may be deemed to share beneficial ownership. Further Series B holdings are reported through Control Empresarial and Grupo Financiero Inbursa. In each case, he disclaims beneficial ownership and pecuniary interest beyond his economic interest in these entities.
Positive
- None.
Negative
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Slim Domit Carlos
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series B Shares | -- | -- | -- |
| holding | Series B Shares | -- | -- | -- |
| holding | Series B Shares | -- | -- | -- |
| holding | Series B Shares | -- | -- | -- |
Holdings After Transaction:
Series B Shares — 2,325,617,791 shares (Direct);
Series B Shares — 17,742,515,522 shares (Indirect, By Control Trust);
Series B Shares — 10,933,355,873 shares (Indirect, By Control Empresarial Trust by Control Empresarial);
Series B Shares — 196,009,735 shares (Indirect, By GFI)
Footnotes (4)
- F1. These securities are held by Banco Inbursa, S.A., Institucion de Banca Multiple, Grupo Financiero Inbursa, Trust No. F/0126 (the "Control Trust"), a trust organized under the laws of Mexico in which members of the Slim family, including the reporting person, are trust participants. Investment decisions by the Control Trust are made by a technical committee, which is composed of representatives of the Slim family, including the reporting person. As a result, the reporting person may be deemed to control the Control Trust and to share beneficial ownership of all Series B Shares held by the Control Trust.
- F2. The reporting person hereby disclaims having any pecuniary interests derived from the beneficial ownership of these securities except to the extent of the pecuniary interest derived by the reporting person's securities in the Control Trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F3. These securities are held by Control Empresarial de Capitales S.A. de C.V., a sociedad anonima de capital variable organized under the laws of Mexico ("Control Empresarial"). The Slim family, including the reporting person, are trust participants in Trust No. F/0125, a trust organized under the laws of Mexico, which holds all of the issued and outstanding voting equity securities of Control Empresarial (the "Control Empresarial Trust"), and the reporting person may be deemed to beneficially own the Series B Shares held by Control Empresarial. The reporting person hereby disclaims having any pecuniary interests derived from the beneficial ownership of these securities except to the extent of the pecuniary interest derived by the reporting person's interest in the Control Empresarial Trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F4. These securities are held by Grupo Financiero Inbursa, S.A.B. de C.V., a sociedad anonima bursatil de capital variable organized under the laws of Mexico ("GFI"). The Slim family, including the reporting person, beneficially own a majority of the outstanding voting equity securities of GFI, and the reporting person may be deemed to beneficially own the Series B held by GFI. The reporting person hereby disclaims having any pecuniary interests derived from the beneficial ownership of these securities except to the extent of the pecuniary interest derived by the reporting person's interest in GFI, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
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FAQ
What does the América Móvil (AMX) Form 3 filing by Carlos Slim Domit show?
The Form 3 shows Carlos Slim Domit’s initial ownership in América Móvil Series B Shares, including 2,325,617,791 shares held directly and additional large indirect positions through Slim family-related trusts and entities, reflecting his significant economic exposure and governance role at the company.
What is the Control Trust mentioned in the América Móvil (AMX) Form 3 footnotes?
The Control Trust is a Mexican trust holding Series B Shares of América Móvil for Slim family participants, including Carlos Slim Domit. A technical committee with Slim family representatives makes investment decisions, so he may be deemed to control the trust and share beneficial ownership of its Series B holdings.
Why does Carlos Slim Domit disclaim beneficial ownership in parts of his América Móvil stake?
He disclaims having pecuniary interests in certain indirect holdings beyond his economic interest in the relevant trusts and entities. The filing states this should not be deemed an admission that he is the beneficial owner of all such securities for Section 16 or other purposes.
How is Control Empresarial involved in Carlos Slim Domit’s América Móvil (AMX) holdings?
Control Empresarial holds a large block of América Móvil Series B Shares. A separate Mexican trust owns all its voting equity, with Slim family participation, so Carlos Slim Domit may be deemed to beneficially own those shares while still disclaiming pecuniary interest beyond his stake in that trust.
What role does Grupo Financiero Inbursa (GFI) play in the América Móvil Form 3 positions?
GFI holds additional América Móvil Series B Shares reported as indirectly owned. The Slim family beneficially owns a majority of GFI’s voting equity, so Carlos Slim Domit may be deemed to beneficially own the shares GFI holds, while again limiting his claimed pecuniary interest to his stake in GFI.