Grupo Aval (AVAL) director discloses Common and Preferred share stakes
Rhea-AI Filing Summary
Grupo Aval Acciones Y Valores S.A. director Mauricio Cardenas Muller filed an initial ownership report showing his existing equity stake in the company. He reports direct holdings of 40,616 Common Shares linked to Preferred Shares and 76,923 Preferred Shares.
The filing notes that each American Depositary Share currently represents 20 Preferred Shares, and that 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
Cardenas Muller Mauricio
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
| holding | Preferred Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 40,616 shares (Direct);
Preferred Shares — 76,923 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Grupo Aval (AVAL) Form 3 filing by Mauricio Cardenas Muller show?
The Form 3 shows director Mauricio Cardenas Muller’s existing stake in Grupo Aval, including 40,616 Common Shares and 76,923 Preferred Shares held directly. It is an initial ownership report rather than a record of new share purchases or sales.
Does the AVAL Form 3 indicate any recent insider buying or selling by the director?
The Form 3 functions as an initial ownership statement and lists Mauricio Cardenas Muller’s existing Common and Preferred Share positions. It does not record open-market purchases or sales; instead, it establishes his baseline shareholdings as a company director.