Director at Grupo Aval (NYSE: AVAL) reports initial share ownership
Rhea-AI Filing Summary
Grupo Aval Acciones Y Valores S.A. director Alvaro de Jesus Velasquez Cock filed an initial Form 3 reporting his existing equity position. He holds 8,264 Common Shares directly, linked to 8,264 underlying Preferred Shares, and 11,538 Preferred Shares directly. The Preferred Shares may be represented by American Depositary Shares, each currently representing 20 Preferred Shares, and Common Shares may be exchanged into Preferred Shares on a one-for-one basis as long as Preferred Shares do not exceed 50% of the company’s total subscribed share capital.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Velasquez Cock Alvaro de Jesus
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
| holding | Preferred Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 8,264 shares (Direct);
Preferred Shares — 11,538 shares (Direct)
Footnotes (2)
- F1. The Preferred Shares may be represented by American Depositary Shares, each of which currently represents 20 Preferred Shares.
- F2. Holders of Common Shares may exchange their Common Shares for Preferred Shares, on a one-for-one basis, provided that the Preferred Shares do not exceed 50% of the Issuer's total subscribed share capital.
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FAQ
What does Grupo Aval (AVAL) director Velasquez Cock report on this Form 3?
The Form 3 shows director Alvaro de Jesus Velasquez Cock’s existing ownership in Grupo Aval. He reports direct holdings of both Common Shares and Preferred Shares, establishing his baseline equity position as an insider without indicating new market transactions.
Does this Grupo Aval (AVAL) Form 3 show any insider buying or selling?
No specific buying or selling transactions are indicated. The Form 3 functions as an initial statement of beneficial ownership, listing the director’s existing Common and Preferred Share holdings rather than reporting new market trades or option exercises.