Brookfield Business Partners (NYSE: BBU) director files initial Form 3 holdings
Rhea-AI Filing Summary
Brookfield Business Partners L.P. director Donald William Mackenzie filed a Form 3 reporting his existing ownership stake. He holds 6,715 Class A Exchangeable Subordinate Voting Shares of Brookfield Business Corporation and 13,430 Non-Voting Limited Partnership Units of Brookfield Business Partners L.P., all as direct holdings.
According to the disclosure, each Class A exchangeable share is exchangeable on a one-for-one basis into a Non-Voting Limited Partnership Unit of Brookfield Business Partners L.P. or its cash equivalent, with the form of payment determined at the partnership’s election. This filing records ownership; it does not show any new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mackenzie Donald William
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Exchangeable Subordinate Voting Shares | -- | -- | -- |
| holding | Non-Voting Limited Partnership Units | -- | -- | -- |
Holdings After Transaction:
Class A Exchangeable Subordinate Voting Shares — 6,715 shares (Direct);
Non-Voting Limited Partnership Units — 13,430 shares (Direct)
Footnotes (1)
- F1. Represents Class A Exchangeable Subordinate Voting Shares of Brookfield Business Corporation which are exchangeable into Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. on a one-for-one basis (subject to adjustment to reflect certain capital events) or its cash equivalent (the form of payment to be determined at the election of Brookfield Business Partners L.P.).
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FAQ
What does the Brookfield Business Partners (BBU) Form 3 filing show?
The Form 3 shows director Donald William Mackenzie’s existing holdings in Brookfield Business Partners. He reports 6,715 Class A exchangeable shares and 13,430 Non-Voting Limited Partnership Units, all held directly, without indicating any recent purchases or sales.
How many Brookfield Business Partners (BBU) units does Mackenzie report owning?
Donald William Mackenzie reports owning 13,430 Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. These units are held directly and represent part of his disclosed beneficial ownership as a director in the Form 3 filing.
Is there any buying or selling activity in this Brookfield Business Partners Form 3?
No, the Form 3 is an initial ownership report, not a trade notice. It lists Mackenzie’s direct holdings in exchangeable shares and partnership units but does not record any new purchases, sales, or other transactions in Brookfield Business Partners securities.
What does direct ownership mean in the Brookfield Business Partners (BBU) Form 3?
Direct ownership means the securities are held in Mackenzie’s own name, not through a trust or other entity. The Form 3 specifies his holdings as direct, clarifying that he personally holds the reported exchangeable shares and Non-Voting Limited Partnership Units.