Director in Brookfield Property (BPYPM) reports 10,000 preferred units
Rhea-AI Filing Summary
Brookfield Property Partners L.P. director Stephen DeNardo filed an initial ownership report showing indirect holdings of Class A Cumulative Redeemable Preferred Units, Series 1. The filing lists 10,000 such units held indirectly through retirement and trust accounts, without reporting any new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DeNardo Stephen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Cumulative Redeemable Units, Series 1 | -- | -- | -- |
| holding | Class A Cumulative Redeemable Units, Series 1 | -- | -- | -- |
Holdings After Transaction:
Class A Cumulative Redeemable Units, Series 1 — 20,000 shares (Indirect, See Footnote)
Footnotes (3)
- F1. Represents Class A Cumulative Redeemable Preferred Units, Series 1 of Brookfield Property Preferred L.P., a subsidiary of Brookfield Property Partners L.P.
- F2. Held through a Simplified Employee Pension Individual Retirement Arrangement (SEP IRA) account
- F3. Held through Stephen DeNardo Revocable Trust
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Stephen DeNardo’s Form 3 for Brookfield Property Partners (BPYPM) report?
The Form 3 reports Stephen DeNardo’s initial beneficial ownership in Brookfield Property Partners. It shows indirect holdings of Class A Cumulative Redeemable Preferred Units, Series 1, rather than any new transaction, establishing his baseline ownership as a director.
How many preferred units does Stephen DeNardo report owning in BPYPM?
Stephen DeNardo reports indirect ownership of 10,000 Class A Cumulative Redeemable Preferred Units, Series 1. This figure is shown as the total units following the reported holdings and serves as his disclosed starting position in these securities.
What type of security is disclosed in Stephen DeNardo’s Brookfield Property Form 3?
The filing discloses holdings of Class A Cumulative Redeemable Preferred Units, Series 1. These units are described as preferred units of Brookfield Property Preferred L.P., a subsidiary of Brookfield Property Partners L.P., rather than common equity units.
Are Stephen DeNardo’s BPYPM preferred units held directly or indirectly?
The units are held indirectly. The Form 3 marks ownership as indirect and explains in footnotes that the preferred units are held through a SEP IRA account and the Stephen DeNardo Revocable Trust, rather than in a direct personal brokerage account.
Does Stephen DeNardo’s Brookfield Property Form 3 show any recent buy or sell transactions?
No. The Form 3 lists only holding entries with unknown transaction codes and shows no buy or sell activity. It functions as an initial ownership statement, indicating existing indirect preferred unit holdings without recording market transactions.