Brookfield Infrastructure (NYSE: BIP) director reports 4,000 exchangeable shares
Rhea-AI Filing Summary
Brookfield Infrastructure Partners L.P. director Suzanne P. Nimocks filed an initial ownership report showing she holds 4,000 Class A Exchangeable Subordinate Voting Shares of Brookfield Infrastructure Corporation. These shares are exchangeable on a one-for-one basis into Non-Voting Limited Partnership Units of Brookfield Infrastructure Partners L.P. or a cash equivalent at the partnership’s election. The filing reflects current holdings rather than a new stock purchase or sale.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Exchangeable Subordinate Voting Shares | -- | -- | -- |
Footnotes (1)
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FAQ
What does Brookfield Infrastructure Partners (BIP) director Suzanne Nimocks report on this Form 3?
Suzanne P. Nimocks reports owning 4,000 Class A Exchangeable Subordinate Voting Shares. These represent her initial disclosed holdings as a director and can be exchanged into Non-Voting Limited Partnership Units of Brookfield Infrastructure Partners L.P. or a cash equivalent at the partnership’s election.
Does this Brookfield Infrastructure (BIP) Form 3 show a new insider stock purchase or sale?
No, this Form 3 does not show a new purchase or sale. It is an initial statement of beneficial ownership, listing Suzanne P. Nimocks’ existing 4,000 Class A Exchangeable Subordinate Voting Shares and their one-for-one exchangeability into Non-Voting Limited Partnership Units or cash.