FMX (FMX) CEO reports large indirect B Unit stakes via trusts

Rhea-AI Filing Summary

Mexican Economic Development Inc. filed an initial statement of beneficial ownership for CEO Jose Antonio Fernandez Garza Laguera. The filing lists holdings of B Units and BD Units rather than reporting any recent buy or sell transactions.

He reports direct ownership of 50 B Units. Indirectly, 1,384,426,997 B Units are held through a Voting Trust where he is a trust participant with shared voting power, and he disclaims pecuniary interest except for securities he contributed. An additional 348,999 BD Units are held for his benefit through an Employee Trust controlled by the company.

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

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1. Name and Address of Reporting Person^*

Fernandez Garza Laguera Jose Antonio

(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
X	Officer (give title below)		Other (specify below)
	CEO of FEMSA

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	50(1)	D
B Units	1,384,426,997(1)	I	By Voting Trust(2)
BD Units	348,999(3)	I	By Employee 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 an indirect 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 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.

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 the FMX Form 3 filing by Jose Antonio Fernandez report?

The Form 3 for FMX reports Jose Antonio Fernandez’s initial beneficial ownership in B Units and BD Units. It shows his direct stake plus large indirect positions held via a Voting Trust and an Employee Trust, without indicating any recent purchases or sales.

How many B Units does the FMX CEO report directly owning on Form 3?

The FMX CEO reports direct ownership of 50 B Units on the Form 3. This is a small portion of his overall reported interest, which is primarily indirect through trust structures rather than large personal direct holdings.

What indirect B Unit holdings are disclosed for FMX’s CEO in the Voting Trust?

The Form 3 discloses 1,384,426,997 B Units held indirectly through a Voting Trust. He is a trust participant with shared voting power and expressly disclaims pecuniary interest except for securities he contributed directly or indirectly to that trust.

What are BD Units and how many are held for the FMX CEO’s benefit?

BD Units are trust-held securities each consisting of one Series B Share, two Series D-B Shares and two Series D-L Shares. The filing reports 348,999 BD Units held for the CEO’s benefit through an Employee Trust controlled by the company.

Does the FMX Form 3 show any insider buying or selling activity?

The FMX Form 3 does not show insider buying or selling; it is an initial ownership report. It lists existing holdings in B Units and BD Units, mainly through trust arrangements, rather than recording new open-market transactions or option exercises.