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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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.
How many Brookfield Infrastructure exchangeable shares does Suzanne Nimocks beneficially own?
She beneficially owns 4,000 Class A Exchangeable Subordinate Voting Shares. Each is tied to Brookfield Infrastructure Corporation and provides the right to receive either one Non-Voting Limited Partnership Unit of Brookfield Infrastructure Partners L.P. or a cash amount of equivalent value, as determined by the partnership.
What can the reported Brookfield Infrastructure exchangeable shares be converted into?
The 4,000 Class A Exchangeable Subordinate Voting Shares can be exchanged into 4,000 Non-Voting Limited Partnership Units of Brookfield Infrastructure Partners L.P. They may alternatively be settled in a cash equivalent, with the form of payment determined by the partnership, subject to customary adjustments.
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.
Is Suzanne Nimocks’ Brookfield Infrastructure shareholding direct or indirect?
The filing classifies her ownership as direct. She personally holds 4,000 Class A Exchangeable Subordinate Voting Shares, which are linked to Non-Voting Limited Partnership Units of Brookfield Infrastructure Partners L.P., and the filing does not attribute these holdings to any separate trust or entity.