Alfonso Garza Garza (NYSE: FMX) details B and BD Unit holdings via trusts

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.

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

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

garza garza Alfonso

(Last) (First) (Middle)

AVENIDA GENERAL AYALA 601

BELLA VISTA

(Street)

MONTERREY NUEVO LEON 64410

(City) (State) (Zip)

MEXICO

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
MEXICAN ECONOMIC DEVELOPMENT INC [ FMX ]

3a. Foreign Trading Symbol

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

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

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

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)
B Units	1,384,426,997(1)	I	By Voting Trust(2)
BD Units	1,546,976(3)	D
B Units	4,840(1)	D
B Units	3,826,577(1)	I	By Trust(4)
BD Units	2,470,657(3)	I	By Trust(4)

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. 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").

2. 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.

3. 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).

4. 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.

Remarks:

Exhibit 24 - Power of Attorney

	Sergio Rodriguez Perez, Attorney in Fact	03/18/2026
	** 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.
* Form 3: SEC 1473 (03-26)

FAQ

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.

Does the FMX Form 3 show Alfonso Garza Garza buying or selling shares?

The Form 3 does not show any buy or sell transactions. All entries are labeled as holdings with unknown transaction codes, and the transaction summary records no purchases, sales, exercises, gifts, or tax withholdings, only initial positions as of the reported date.

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.