Alejandro Bailleres discloses FMX (NYSE: FMX) B and BD Unit stakes

Rhea-AI Filing Summary

Mexican Economic Development Inc director Alejandro Bailleres Gual has filed a Form 3 reporting his initial beneficial ownership in the company’s units. The filing shows large indirect holdings of B Units through a voting trust that aggregates securities for multiple participants, where he shares voting power but disclaims pecuniary interest beyond his contributed securities.

He also reports B Units and BD Units held both directly and indirectly. Each B Unit represents five Series B shares, while each BD Unit represents one Series B share plus two Series D-B shares and two Series D-L shares. Some indirect positions are held via Mexican companies in which he is a majority shareholder and through bare ownership subject to a usufruct in favor of a parent, with full ownership vesting to him when the usufruct ends.

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^*

bailleres gual alejandro

(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 Trust(2)
B Units	103,126(1)	D
B Units	103,127(1)	I	As Bare Owner for Usufruct(3)
BD Units	1,000,322(4)	D
BD Units	1,000,323(4)	I	As Bare Owner for Usufruct(3)
B Units	103,110(1)	I	By Company(5)
B Units	6,753(1)	I	By Company(6)

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 are subject to a usufruct in favor of the reporting person's parent, with the reporting person holding bare ownership. Full ownership will vest in the reporting person upon termination of the usufruct.

4. 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).

5. These securities are held by ALBACOR, S.A. de C.V., a Mexican company (the "Company"), in which the reporting person is a majority shareholder.

6. These securities are held by BLUAR, S.A. de C.V., a Mexican company (the "Company"), in which the reporting person is a majority shareholder.

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 Alejandro Bailleres report?

The Form 3 reports Alejandro Bailleres Gual’s initial beneficial ownership of B and BD Units of Mexican Economic Development Inc, including direct holdings, indirect holdings through trusts and companies, and positions subject to a usufruct in favor of a parent, establishing his baseline ownership.

How are B Units defined in the FMX Form 3 for Mexican Economic Development Inc?

B Units are defined as securities consisting of five Series B shares without par value. The Form 3 notes that the reported positions are held in this unitized form, so each B Unit corresponds to five underlying Series B shares in the company’s capital structure.

What are BD Units held by Alejandro Bailleres in FMX?

BD Units are securities each made up of one Series B share, two Series D-B shares, and two Series D-L shares, all without par value. Alejandro Bailleres reports both direct and indirect holdings of these BD Units as part of his initial beneficial ownership disclosure.

How does the voting trust affect Alejandro Bailleres’ FMX holdings?

Some B Units are deposited in an irrevocable voting trust at Banco Invex. Bailleres is a trust participant with shared voting power, but he disclaims pecuniary interest beyond securities he contributed directly or indirectly, so not all trust-held securities are treated as his economic ownership.

What is the role of usufruct in Alejandro Bailleres’ FMX ownership?

Certain B and BD Units are subject to a usufruct in favor of his parent, while Bailleres holds bare ownership. He will receive full ownership of these securities once the usufruct terminates, clarifying future vesting of economic rights over those particular positions.

Which entities hold FMX securities on behalf of Alejandro Bailleres?

The filing states that some securities are held by Mexican companies ALBACOR, S.A. de C.V. and BLUAR, S.A. de C.V., where Bailleres is a majority shareholder. These structures create indirect ownership positions in addition to his direct holdings and trust-related interests.