FMX (NYSE: FMX) executive reports 142,126 BD Units held via trust
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
MEXICAN ECONOMIC DEVELOPMENT INC executive Carlos Gerardo Arroyo Rico filed an initial Form 3 reporting indirect ownership of 142,126 BD Units. These units are held for his benefit in an Employee Trust controlled by Fomento Económico Mexicano, S.A.B. de C.V. Each BD Unit consists of one Series B share, two Series D-B shares and two Series D-L shares, all without par value.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Arroyo Rico Carlos Gerardo
Role
Director Oxxo Mx Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | BD Units | -- | -- | -- |
Holdings After Transaction:
BD Units — 142,126 shares (Indirect, By Employee Trust)
Footnotes (1)
- 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). 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.
FAQ
What does the FMX Form 3 filed by Carlos Gerardo Arroyo Rico report?
The Form 3 reports his initial beneficial ownership in MEXICAN ECONOMIC DEVELOPMENT INC. It shows an indirect holding of 142,126 BD Units through an Employee Trust controlled by Fomento Económico Mexicano, S.A.B. de C.V., where he is a trust participant.
How many BD Units does the FMX executive report on this Form 3?
He reports indirect ownership of 142,126 BD Units. This figure represents the total number of BD Units held for his benefit by the Employee Trust as of the reporting date, and is disclosed as his post-reporting beneficial position.
What is a BD Unit in the FMX Form 3 filing?
A BD Unit is a bundled security structure used by MEXICAN ECONOMIC DEVELOPMENT INC. Each BD Unit consists of one Series B share, two Series D-B shares and two Series D-L shares, all without par value, as detailed in the filing footnotes.
How are the FMX BD Units held for Carlos Gerardo Arroyo Rico?
The BD Units are held by Banco Mercantil del Norte, S.A., Trust No. 204124, referred to as the Employee Trust. This trust is controlled by Fomento Económico Mexicano, S.A.B. de C.V., and Arroyo Rico participates as a beneficiary in that trust structure.
Is the ownership in FMX BD Units direct or indirect in this Form 3?
The filing classifies the ownership as indirect. The BD Units are not held in the executive’s name but for his benefit by the Employee Trust, which is identified as the holder, with his interest arising from participation in that trust.
Does the FMX Form 3 indicate any recent buy or sell transactions?
No specific buy or sell transactions are identified in the summary data. The entry is categorized as a holding, indicating disclosure of an existing indirect position in BD Units rather than a newly executed purchase or sale transaction on the reporting date.