Brookfield Business Corp director disposes units in reorg
Brookfield Business Corp director Patricia L. Zuccotti reported disposals tied to a corporate reorganization, not open-market trades.
Rhea-AI Filing Summary
Brookfield Business Corp director Patricia L. Zuccotti reported disposals tied to a corporate reorganization, not open-market trades. On March 27, 2026, she disposed of 3,235 Class A exchangeable subordinate voting shares and 4,961 non-voting limited partnership units back to the issuer at $0.00 per unit.
These dispositions occurred under a court-approved plan of arrangement among Brookfield Business Partners L.P., Brookfield Business Holdings Corporation and Brookfield Business Corporation. Under this arrangement, holders of the partnership units and exchangeable shares received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 8,196 shares
Disposition
2 txns
Insider
Zuccotti Patricia L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Exchangeable Subordinate Voting Shares | 3,235 | $0.00 | $0.00 |
| Disposition | Non-Voting Limited Partnership Units | 4,961 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Exchangeable Subordinate Voting Shares — 0 contracts (Direct);
Non-Voting Limited Partnership Units — 0 shares (Direct)
Footnotes (2)
- 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. 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
Exchangeable shares disposed: 3,235 shares
Partnership units disposed: 4,961 units
Disposition transactions: 2 transactions
+1 more
4 metrics
Exchangeable shares disposed
3,235 shares
Class A exchangeable subordinate voting shares on March 27, 2026
Partnership units disposed
4,961 units
Non-voting limited partnership units on March 27, 2026
Disposition transactions
2 transactions
Issuer dispositions reported in Form 4
Arrangement completion date
March 27, 2026
Court-approved plan of arrangement completion
Key Terms
plan of arrangement, non-voting limited partnership units, class A exchangeable subordinate voting shares, disposition to issuer, +1 more
5 terms
plan of arrangement regulatory
"completed a court approved plan of arrangement under section 288"
A plan of arrangement is a formal, court-approved agreement that reorganizes ownership or assets of a company—such as merging businesses, exchanging shares for cash or other securities, or splitting off parts of the company. Investors should care because it can change the value, number, and rights of their holdings and is often binding once approved by both shareholders and a court, offering more legal certainty than a simple vote. Think of it as a legally supervised recipe for how a company will be reshaped and who ends up with what.
non-voting limited partnership units financial
"holders of non-voting limited partnership units of BBU (the "BBU Units")"
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
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.
FAQ
What insider transactions did Brookfield Business Corp (BBU) report for Patricia L. Zuccotti?
Brookfield Business Corp director Patricia L. Zuccotti reported two dispositions to the issuer on March 27, 2026, involving 3,235 Class A exchangeable subordinate voting shares and 4,961 non-voting limited partnership units, all at a stated price of $0.00 per unit as part of a reorganization.
Were Patricia L. Zuccotti’s Brookfield Business Corp (BBU) transactions open-market sales?
No, the transactions were coded as “disposition to issuer” at $0.00 per unit, meaning the securities were returned to the issuer. They occurred as part of a court-approved plan of arrangement, rather than through open-market buying or selling on a stock exchange.
What restructuring triggered the Form 4 transactions for Brookfield Business Corp (BBU)?
The transactions were triggered by a court-approved plan of arrangement under the Business Corporations Act (British Columbia) among Brookfield Business Partners L.P., Brookfield Business Holdings Corporation and Brookfield Business Corporation, completed on March 27, 2026, to reorganize ownership into a new corporate structure.
What does the Form 4 say about Patricia L. Zuccotti’s remaining reported holdings after the transactions?
For the specific securities shown, the Form 4 reports zero non-voting limited partnership units and zero Class A exchangeable subordinate voting shares following the March 27, 2026 dispositions. Any new class A subordinated voting shares received in the arrangement are not detailed in the provided transaction entries.
AI-generated analysis. How Rhea-AI works. Not financial advice.
