Copa Holdings CAO reports 275 RSUs ownership

Copa Holdings, S.A. filed an initial ownership report for Chief Accounting Officer Juan Alberto Alvarado.

Rhea-AI Filing Summary

Copa Holdings, S.A. filed an initial ownership report for Chief Accounting Officer Juan Alberto Alvarado. The filing shows he holds 275 shares of Class A common stock in the form of restricted stock units. Each RSU represents a contingent right to receive one Class A share upon settlement.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Alvarado Juan Alberto Mr

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 275 shares (Direct)

Footnotes (1)

1. F1. These shares represent restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock upon settlement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Copa Holdings (CPA) Form 3 filing for Juan Alberto Alvarado show?

The Form 3 shows Chief Accounting Officer Juan Alberto Alvarado holds 275 restricted stock units of Copa Holdings Class A common stock. Each RSU entitles him to receive one Class A share when the units settle, documenting his initial equity position.

How many Copa Holdings (CPA) shares does the CAO beneficially own in this Form 3?

The Form 3 reports beneficial ownership of 275 shares of Copa Holdings Class A common stock through restricted stock units. These RSUs are a form of equity compensation and convert into one share each upon settlement, reflecting his current reported holding.

What type of securities are reported in Copa Holdings (CPA) CAO Form 3?

The filing reports restricted stock units tied to Copa Holdings Class A common stock. Each unit represents a contingent right to receive one Class A share upon settlement, so the 275 units correspond to 275 potential shares when they vest and are delivered.

Is the Copa Holdings (CPA) Form 3 a buy or sell transaction?

The Form 3 is an initial ownership statement, not a buy or sell trade. It simply discloses that Chief Accounting Officer Juan Alberto Alvarado holds 275 restricted stock units linked to Class A shares as of the reporting date.

What does the RSU footnote mean in the Copa Holdings (CPA) Form 3?

The footnote explains that the reported holdings are restricted stock units rather than already-issued shares. Each RSU gives a contingent right to receive one Copa Holdings Class A common share when the award settles, usually after vesting conditions are met.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/17/2026 - 02:07 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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1. Name and Address of Reporting Person^*

Alvarado Juan Alberto Mr

(Last) (First) (Middle)

BUSSINESS PARK TORRE NORTE

URBANIZACION COSTA DEL ESTE

(Street)

PANAMA R1 0816-06819

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Copa Holdings, S.A. [ CPA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	275(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares represent restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock upon settlement.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Ambar Vargas, Attorney-in-fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.