Director Lori Anne Pearson reports initial BNT exchangeable share stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Brookfield Wealth Solutions Ltd. director Lori Anne Pearson filed an initial Form 3 reporting her holdings of Class A Exchangeable Limited Voting Shares. She reports 117,763 shares held directly, plus additional indirect interests, including shares held through a related Ontario company and interests tied to escrowed stock arrangements.
The exchangeable shares may be exchanged on a one-for-one basis into Class A Limited Voting Shares of Brookfield Corporation or a cash equivalent, at Brookfield Corporation’s election. Certain indirect interests arise from an escrowed stock plan where awards generally vest 20% each year beginning on the first anniversary of the award date and may deliver exchangeable shares no later than the 10th anniversary.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Pearson Lori Anne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Exchangeable Limited Voting Shares | -- | -- | -- |
| holding | Class A Exchangeable Limited Voting Shares | -- | -- | -- |
| holding | Class A Exchangeable Limited Voting Shares | -- | -- | -- |
Holdings After Transaction:
Class A Exchangeable Limited Voting Shares — 117,763 shares (Direct);
Class A Exchangeable Limited Voting Shares — 6,769 shares (Indirect, See Footnote)
Footnotes (1)
- Represents Class A Exchangeable Limited Voting Shares ("Exchangeable Shares") of Brookfield Wealth Solutions Ltd. ("BWS"), which are exchangeable into Class A Limited Voting Shares of Brookfield Corporation 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 Corporation). Held through 1000698914 Ontario Inc. Represents BWS Exchangeable Shares that may be issued upon exchange of non-voting escrowed shares of one or more private escrowed companies pursuant to BWS Escrowed Stock Plan. Each escrowed share represents the right to receive BWS Exchangeable Shares no later than the 10th anniversary of the award date based on the value of the escrowed shares on the date of the exchange, which is calculated based on the increase in value of the BWS Exchangeable Shares held by the applicable escrowed company since the award date of the escrowed shares. Escrowed share awards generally vest 20% each year commencing on the first anniversary of the award date. Reported amount includes reporting person's pro rata interest in the escrowed shares held by the applicable escrowed company.
FAQ
What does Lori Anne Pearson’s Form 3 for Brookfield Wealth Solutions (BNT) report?
The Form 3 reports Lori Anne Pearson’s initial ownership of Brookfield Wealth Solutions Class A Exchangeable Limited Voting Shares, including 117,763 held directly and additional indirect interests, establishing her baseline beneficial ownership as a director at the time of becoming an insider.
How does the Brookfield Wealth Solutions (BNT) escrowed stock plan described in the Form 3 work?
The escrowed stock plan provides non-voting escrowed shares in private escrowed companies that may convert into Brookfield Wealth Solutions exchangeable shares by the 10th anniversary, with awards generally vesting 20% annually from the first anniversary, based on the increase in value of the exchangeable shares.
What indirect ownership interests in Brookfield Wealth Solutions (BNT) does Lori Anne Pearson report?
She reports indirect interests in Brookfield Wealth Solutions exchangeable shares held through 1000698914 Ontario Inc. and through escrowed stock plan arrangements, reflecting holdings where her beneficial interest is indirect rather than directly registered in her own name.