Brookfield Business CFO reports units exchanged in reorg
Brookfield Business Corp Chief Financial Officer Jaspreet Dehl reported issuer-directed dispositions of partnership-linked securities as part of a corporate reorganization.
Rhea-AI Filing Summary
Brookfield Business Corp Chief Financial Officer Jaspreet Dehl reported issuer-directed dispositions of partnership-linked securities as part of a corporate reorganization. On March 27, 2026, non-voting limited partnership units of Brookfield Business Partners L.P. and Class A exchangeable subordinate voting shares of Brookfield Business Holdings Corporation were surrendered to the issuer at a stated price of $0.00 per unit or share.
According to the arrangement described, holders of these BBU units and BBHC exchangeable shares received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis in a court approved plan of arrangement under the Business Corporations Act (British Columbia). Some positions were held directly by Dehl and others indirectly through a family member.
Positive
- None.
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Insider Trade Summary
Disposition: 4,316 shares
Disposition
4 txns
Insider
Dehl Jaspreet
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Exchangeable Subordinate Voting Shares | 53 | $0.00 | $0.00 |
| Disposition | Class A Exchangeable Subordinate Voting Shares | 1,385 | $0.00 | $0.00 |
| Disposition | Non-Voting Limited Partnership Units | 2,771 | $0.00 | $0.00 |
| Disposition | Non-Voting Limited Partnership Units | 107 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Exchangeable Subordinate Voting Shares — 0 contracts (Indirect, See Footnote);
Class A Exchangeable Subordinate Voting Shares — 0 contracts (Direct);
Non-Voting Limited Partnership Units — 0 shares (Direct);
Non-Voting Limited Partnership Units — 0 shares (Indirect, See Footnote)
Footnotes (3)
- F1. On March 27, 2026, pursuant to an arrangement agreement dated as of November 6, 2025, Brookfield Business Partners L.P. ("BBU"), Brookfield Business Holdings Corporation (formerly Brookfield Business Corporation) ("BBHC") and Brookfield Business Corporation (formerly 1559985 B.C. Ltd.) (the "Corporation") completed a court approved plan of arrangement under section 288 of the Business Corporations Act (British Columbia) (the "Arrangement"), pursuant to which, among other things, holders of non-voting limited partnership units of BBU (the "BBU Units") and holders of BBHC's class A exchangeable subordinate voting shares (the "BBHC Exchangeable Shares") received class A subordinated voting shares of the Corporation in exchange for their BBU Units and BBHC Exchangeable Shares on a one-for-one basis. As a result of the Arrangement, BBU and BBHC became subsidiaries of the Corporation. This Form 4 represents BBU Units and BBHC Exchangeable Shares transacted pursuant to the Arrangement.
- F2. Held through J. Banerjee, a member of the reporting person's family.
- F3. Represents BBHC Exchangeable Shares which, prior to the Arrangement, were exchangeable into BBU Units 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 BBU). Pursuant to the Arrangement, the BBHC Exchangeable Shares were exchanged for class A subordinated voting shares of the Corporation on a one-for-one basis.
Key Figures
Indirect BBHC exchangeable shares disposed: 53 Class A exchangeable subordinate voting shares
Direct BBHC exchangeable shares disposed: 1,385 Class A exchangeable subordinate voting shares
Direct BBU non-voting units disposed: 2,771 non-voting limited partnership units
+1 more
4 metrics
Indirect BBHC exchangeable shares disposed
53 Class A exchangeable subordinate voting shares
Issuer disposition on March 27, 2026, held indirectly
Direct BBHC exchangeable shares disposed
1,385 Class A exchangeable subordinate voting shares
Issuer disposition on March 27, 2026, held directly
Direct BBU non-voting units disposed
2,771 non-voting limited partnership units
Issuer disposition on March 27, 2026, held directly
Indirect BBU non-voting units disposed
107 non-voting limited partnership units
Issuer disposition on March 27, 2026, held indirectly
Key Terms
Non-voting limited partnership units, Class A exchangeable subordinate voting shares, court approved plan of arrangement, Business Corporations Act (British Columbia), +1 more
5 terms
Non-voting limited partnership units financial
"holders of non-voting limited partnership units of BBU (the "BBU Units")"
court approved plan of arrangement regulatory
"completed a court approved plan of arrangement under section 288"
Business Corporations Act (British Columbia) regulatory
"under section 288 of the Business Corporations Act (British Columbia)"
A provincial law that sets the rules for forming, managing and winding up corporations registered in British Columbia, including how directors and shareholders must act, what information companies must disclose, and how disputes are handled. Investors care because it provides a predictable rulebook — like referees and play-by-play rules in a game — that protects shareholder rights, clarifies management duties and disclosure obligations, and therefore affects a company’s legal risk and investment value.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
FAQ
What insider transaction did Brookfield Business Corp (BBU) report for its CFO?
Brookfield Business Corp’s CFO Jaspreet Dehl reported issuer-directed dispositions of non-voting limited partnership units and Class A exchangeable subordinate voting shares at a stated price of $0.00, connected to a court approved reorganization exchanging these interests for class A subordinated voting shares.
Was Jaspreet Dehl’s Form 4 transaction in BBU an open-market sale?
No. The Form 4 characterizes the transactions as “disposition to issuer” at $0.00 per unit or share, tied to a court approved plan of arrangement, rather than an open-market purchase or sale, indicating a structural reorganization rather than trading activity in the public market.
How were Brookfield Business Partners L.P. units treated in the reported arrangement?
Non-voting limited partnership units of Brookfield Business Partners L.P. were exchanged on a one-for-one basis for class A subordinated voting shares of Brookfield Business Corporation under the plan of arrangement, aligning partnership interests with a single corporate share class for the reorganized structure.
Did indirect holdings feature in the Brookfield Business Corp (BBU) CFO’s Form 4?
Yes. Some securities were reported as indirectly held through a family member, identified as J. Banerjee, with the filing noting these indirect positions, while other securities were held directly, reflecting both types of ownership in the reported dispositions under the arrangement.
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