FMX director Barbara Garza reports unit holdings
Mexican Economic Development Inc. director Barbara Garza Laguera Gonda filed an initial Form 3 reporting her beneficial holdings in B Units and BD Units of FMX.
Rhea-AI Filing Summary
Mexican Economic Development Inc. director Barbara Garza Laguera Gonda filed an initial Form 3 reporting her beneficial holdings in B Units and BD Units of FMX. Indirectly, securities are held through a Voting Trust and joint accounts, where she generally disclaims beneficial ownership beyond her pecuniary interest.
The filing explains that each B Unit represents five Series B Shares, while each BD Unit combines Series B, Series D-B and Series D-L shares, and some BD holdings are represented by American Depositary Receipts, each ADR corresponding to 10 BD Units.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
garza laguera gonda barbara
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | B Units | -- | -- | -- |
| holding | B Units | -- | -- | -- |
| holding | BD Units | -- | -- | -- |
| holding | B Units | -- | -- | -- |
| holding | BD Units | -- | -- | -- |
Holdings After Transaction:
B Units — 1,384,426,997 shares (Indirect, By Voting Trust);
B Units — 38,000 shares (Direct);
BD Units — 13,127,400 shares (Direct);
B Units — 24,512 shares (Indirect, By Joint Account);
BD Units — 4 shares (Indirect, By Joint Account)
Footnotes (7)
- 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 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.
- F3. The securities reported herein are held in a joint account by the reporting person and family members of the reporting person. The reporting person owns 7,600 B Units within this joint account. The reporting person disclaims beneficial ownership except to the extent of her pecuniary interest.
- F4. The securities reported herein are held in a joint account by the reporting person and family members of the reporting person. The reporting person owns 2,665,480 BD Units, within this joint account. The reporting person disclaims beneficial ownership except to the extent of her pecuniary interest.
- F5. The securities reported herein are held in the form of American Depositary Shares, evidenced by American Depositary Receipts ("ADRs"). Each ADR represents 10 BD Units. Each BD Unit consists of one Series B Share, two Series D-B Shares and two Series D-L Shares ("BD Unit"), without par value ("Series D-B Shares" and "Series D-L Shares", respectively).
- F6. The securities reported herein are held in a joint account by the reporting person and family members of the reporting person. The reporting person indirectly owns 20% of the B Units within this joint account through BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico, Trust No. F 404 797 3, for which she is the beneficiary. The reporting person disclaims beneficial ownership except to the extent of her pecuniary interest.
- F7. 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).
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does FMX director Barbara Garza Laguera Gonda report in this Form 3?
She reports her initial holdings of FMX B Units and BD Units as a director. The positions are held directly, through joint accounts, and via a Voting Trust structure, with beneficial ownership generally limited to her actual pecuniary interest in the contributed securities.
How are B Units of Mexican Economic Development Inc (FMX) defined in this filing?
B Units are described as securities made up of five Series B Shares without par value. This structure means each B Unit represents a bundle of underlying Series B equity, rather than a single share, which affects how unit counts relate to the company’s share capital.
What are BD Units of FMX according to Barbara Garza Laguera Gonda’s Form 3?
BD Units consist of one Series B Share, two Series D-B Shares and two Series D-L Shares, all without par value. This combined structure creates a mixed security that ties together several series of FMX shares into a single tradable unit for reporting purposes.
How are FMX BD Units held through American Depositary Receipts in this Form 3?
Some BD Units are represented by American Depositary Shares, evidenced by ADRs. Each ADR corresponds to 10 BD Units, so depositary receipts aggregate multiple underlying BD Units into one U.S.-traded instrument, simplifying trading and custody for international investors in FMX securities.
What does the Voting Trust disclosure mean in the FMX Form 3 filing?
Securities are deposited in an irrevocable Voting Trust where multiple participants share voting power. The director is an indirect trust participant and disclaims beneficial ownership except for interests tied to her contributed securities, clarifying that she may not economically benefit from all trust-held FMX units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
