Brookfield Business Partners (BBU) chair Cyrus Madon discloses equity holdings
Rhea-AI Filing Summary
Brookfield Business Partners L.P. Executive Chairman Cyrus Madon filed an initial ownership report showing direct holdings in the partnership’s equity structure. He reports 45,815 Class A Exchangeable Subordinate Voting Shares of Brookfield Business Corporation, which are exchangeable on a one-for-one basis into Non-Voting Limited Partnership Units or their cash equivalent, and 91,630 Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Madon Cyrus
Role
Executive Chairman
| 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 — 45,815 shares (Direct);
Non-Voting Limited Partnership Units — 91,630 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 Cyrus Madon’s Form 3 filing for Brookfield Business Partners (BBU) disclose?
The Form 3 discloses Cyrus Madon’s initial ownership in Brookfield Business Partners securities. It reports his direct holdings of Class A Exchangeable Subordinate Voting Shares and Non-Voting Limited Partnership Units, establishing a baseline of his equity stake as Executive Chairman.
How many Non-Voting Limited Partnership Units of Brookfield Business Partners (BBU) does Cyrus Madon hold?
He reports holding 91,630 Non-Voting Limited Partnership Units directly. This figure represents his direct ownership position in the limited partnership units of Brookfield Business Partners L.P. as reflected in the initial ownership statement filed on Form 3.
Does Cyrus Madon’s Form 3 indicate any recent buying or selling of BBU securities?
The disclosure functions as an initial ownership statement and lists holdings rather than explicit purchases or sales. Transactions are coded as holdings with unknown transaction direction, so it primarily establishes existing positions instead of highlighting new market trades.