Mexican Economic Development insider BD unit holdings
Mexican Economic Development Inc (FMX) reports the BD Unit holdings of its General Counsel, Alejandro Gil Ortiz, in an amended initial ownership statement.
Rhea-AI Filing Summary
Mexican Economic Development Inc (FMX) reports the BD Unit holdings of its General Counsel, Alejandro Gil Ortiz, in an amended initial ownership statement. As of March 18, 2026, 50,359 BD Units are held indirectly for his benefit by an Employee Trust controlled by Fomento Economico Mexicano, S.A.B. de C.V. Separate holdings are also reported in the form of American Depositary Shares, where each ADR represents 10 BD Units. The BD Units themselves consist of one Series B Share, two Series D-B Shares and two Series D-L Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gil Ortiz Alejandro
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | BD Units F1, F2 | -- | -- | -- |
| holding | BD Units F3 | -- | -- | -- |
| holding | BD Units F1 | -- | -- | -- |
Holdings After Transaction:
BD Units — 50,359 shares (Indirect, By Employee Trust);
BD Units — 56,626 shares (Direct)
Footnotes (3)
- F1. The securities reported herein are held in the form of BD Units. Each BD Unit consists of one Series B Share, two Series D-B Shares and two Series D-L Shares, without par value ("Series D-B Shares" and "Series D-L Shares", respectively).
- F2. These securities are held for the benefit of the reporting person by Banco Mercantil del Norte, S.A., Institucion de Banca Multiple, Grupo Financiero Banorte, Trust No. 204124 (the "Employee Trust"), a trust controlled by Fomento Economico Mexicano, S.A.B. de C.V. in which the reporting person is a trust participant.
- F3. The securities reported herein are held in the form of American Depositary Shares, evidenced by American Depositary Receipts ("ADRs"). Each ADR represents 10 BD Units. Each BD Unit consists of one Series B Share, two Series D-B Shares and two Series D-L Shares ("BD Unit"), without par value ("Series D-B Shares" and "Series D-L Shares", respectively).
Key Figures
Indirect BD Units held: 50,359 BD Units
ADR to BD Unit ratio: 1 ADR = 10 BD Units
BD Unit composition: 1 Series B + 2 Series D-B + 2 Series D-L Shares
3 metrics
Indirect BD Units held
50,359 BD Units
Indirectly held for the benefit of the reporting person by the Employee Trust as of March 18, 2026
ADR to BD Unit ratio
1 ADR = 10 BD Units
Each American Depositary Share represents 10 BD Units
BD Unit composition
1 Series B + 2 Series D-B + 2 Series D-L Shares
Each BD Unit consists of these underlying share classes, without par value
Key Terms
BD Units, Employee Trust, American Depositary Shares, American Depositary Receipts ("ADRs")
4 terms
BD Units financial
"The securities reported herein are held in the form of BD Units."
Employee Trust financial
"These securities are held for the benefit of the reporting person by ... Trust No. 204124 (the "Employee Trust")."
American Depositary Receipts ("ADRs") financial
"American Depositary Shares, evidenced by American Depositary Receipts ("ADRs"). Each ADR represents 10 BD Units."
American depositary receipts (ADRs) are certificates issued by a U.S. bank that stand in for shares of a foreign company, allowing those shares to be bought and sold on U.S. markets like ordinary stocks. They matter to investors because ADRs make it easier to access foreign companies without dealing with foreign exchanges, different settlement rules or direct currency conversion—think of them as a locally traded receipt that represents ownership abroad, widening choices and simplifying trading and tax reporting.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Mexican Economic Development Inc (FMX) disclose in this Form 3/A?
The Form 3/A discloses initial beneficial ownership of BD Units by General Counsel Alejandro Gil Ortiz, including 50,359 BD Units held indirectly through an Employee Trust and additional holdings in ADR form.
How many BD Units linked to FMX does Alejandro Gil Ortiz hold through the Employee Trust?
Alejandro Gil Ortiz has 50,359 BD Units reported as indirectly held for his benefit by an Employee Trust. The trust is controlled by Fomento Economico Mexicano, S.A.B. de C.V., with Ortiz participating as a trust beneficiary.
How are FMX BD Units structured according to the Form 3/A?
Each BD Unit consists of one Series B Share, two Series D-B Shares and two Series D-L Shares, all without par value. This structure applies to both BD Units held directly and those represented through American Depositary Shares.
What is the relationship between FMX ADRs and BD Units in this filing?
The filing explains that each American Depositary Share (ADR) represents 10 BD Units. Those ADRs, evidenced by American Depositary Receipts, provide an alternative way for investors to hold economic interests in the underlying BD Units.
Is the reported FMX ownership by Alejandro Gil Ortiz direct or indirect?
The filing shows indirect ownership of 50,359 BD Units held for his benefit by an Employee Trust, along with direct holdings of BD Units represented by ADRs. The trust and ADR structures define how the interests are held.
AI-generated analysis. How Rhea-AI works. Not financial advice.
