FMX director reports initial trust-held unit stakes
Mexican Economic Development Inc. director Alfonso Garza Garza filed an initial Form 3 reporting his beneficial interests in FMX securities, mainly through trust structures.
Rhea-AI Filing Summary
Mexican Economic Development Inc. director Alfonso Garza Garza filed an initial Form 3 reporting his beneficial interests in FMX securities, mainly through trust structures. The filing lists large indirect holdings of B Units via a Voting Trust and additional B and BD Units held directly and through family trusts.
B Units represent bundles of five Series B Shares, while BD Units combine Series B, Series D-B, and Series D-L Shares. Some securities are deposited in an irrevocable Voting Trust where he shares voting power with other participants and disclaims pecuniary interest beyond securities he has contributed.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
garza garza Alfonso
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | B Units | -- | -- | -- |
| holding | BD Units | -- | -- | -- |
| holding | B Units | -- | -- | -- |
| holding | B Units | -- | -- | -- |
| holding | BD Units | -- | -- | -- |
Holdings After Transaction:
B Units — 1,384,426,997 shares (Indirect, By Voting Trust);
BD Units — 1,546,976 shares (Direct);
B Units — 4,840 shares (Direct);
B Units — 3,826,577 shares (Indirect, By Trust);
BD Units — 2,470,657 shares (Indirect, By Trust)
Footnotes (4)
- F1. The securities reported herein are held in the form of B Units. Each B Unit consists of five Series B Shares, without par value ("Series B Shares").
- F2. These securities are held by Banco Invex, S.A. Institucion de Banca Multiple, Invex Grupo Financiero, Trust No. 463 (the "Voting Trust"), an irrevocable voting trust in which the reporting person is a trust participant. Each of the trust participants is deemed to have beneficial ownership with shared voting power over the securities deposited in the Voting Trust. The reporting person hereby disclaims having any pecuniary interests derived from the beneficial ownership of any securities (with shared voting power and with shared dispositive power) other than pecuniary interests derived by the reporting person's securities contributed directly or indirectly to the Voting Trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. For more information, see Item 7 of Fomento Economico Mexicano, S.A.B. de C.V.'s Annual Report on Form 20-F filed on April 24, 2025.
- F3. 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).
- F4. These securities are held for the benefit of the reporting person by BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico, Trust No. F/4112454, a trust in which the reporting person is participant, along with other family members.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Alfonso Garza Garza’s Form 3 for FMX report?
The Form 3 reports Alfonso Garza Garza’s initial beneficial interests in FMX securities. It lists large holdings of B and BD Units, held both directly and through trusts, establishing his baseline ownership position as a director without indicating any recent trades.
How are FMX B Units described in Alfonso Garza Garza’s Form 3?
B Units are described as being composed of five Series B Shares without par value. This means each B Unit represents a bundle of five underlying Series B Shares, which together form the economic and voting interest associated with each reported B Unit position.
What are BD Units in the FMX Form 3 filing for Alfonso Garza Garza?
BD Units consist of one Series B Share, two Series D-B Shares, and two Series D-L Shares, all without par value. This structure combines multiple share classes into a single listed unit, which is how some of Alfonso Garza Garza’s FMX interests are held and reported.
How does the Voting Trust affect Alfonso Garza Garza’s FMX holdings?
Some securities are held by Banco Invex’s Voting Trust, where Alfonso Garza Garza is a participant with shared voting power. He disclaims pecuniary interest beyond securities he contributed, so the trust structure centralizes voting while limiting his claimed economic interest in other participants’ deposits.
What types of ownership does Alfonso Garza Garza report in FMX securities?
He reports both direct and indirect ownership of FMX units. Direct positions are listed in his own name, while indirect holdings are through an irrevocable Voting Trust and a separate family trust, reflecting shared voting power and trust arrangements for some of his interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
