Director reports large trust-held B and BD Units in FMX (NYSE: FMX)
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Mexican Economic Development Inc. director Michel Gonzalez Maximino Jose filed an initial Form 3 reporting indirect holdings of the company’s securities. The filing lists 1,384,426,997 B Units held through a voting trust and 5,635,016 BD Units held through a separate trust for his benefit and family members. Footnotes explain that each B Unit and BD Unit represents underlying Series B and Series D shares, and that his economic interest is limited to securities he has contributed directly or indirectly to the voting trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Michel Gonzalez Maximino Jose
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | B Units | -- | -- | -- |
| holding | BD Units | -- | -- | -- |
Holdings After Transaction:
B Units — 1,384,426,997 shares (Indirect, By Voting Trust);
BD Units — 5,635,016 shares (Indirect, By Trust)
Footnotes (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"). 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. 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 Invex, S.A. Institucion de Banca Multiple, Invex Grupo Financiero, Trust No. 4165, a trust in which the reporting person is participant, along with other family members.
FAQ
What does the FMX Form 3 filed by Michel Gonzalez report?
The Form 3 reports director Michel Gonzalez’s indirect holdings of Mexican Economic Development Inc. securities. It shows large positions in B Units and BD Units held through trusts, providing a baseline of his beneficial ownership under Section 16 reporting rules.
How many B Units in FMX are reported on this Form 3?
The filing reports 1,384,426,997 B Units held indirectly via a voting trust. Each B Unit represents five Series B shares without par value, so these units convey exposure to a substantial pool of underlying Series B equity.
How many BD Units in FMX are reported on this Form 3?
The Form 3 lists 5,635,016 BD Units held indirectly through a trust. Each BD Unit consists of one Series B share, two Series D-B shares, and two Series D-L shares, all without par value, giving a mixed exposure to multiple share series.
Are these FMX holdings on the Form 3 direct or indirect?
All reported holdings are indirect. The B Units are held by an irrevocable voting trust where he is an indirect participant, while the BD Units are held in a separate trust for his benefit along with other family members, as described in the footnotes.
Does the FMX Form 3 reflect a new buy or sell transaction?
The Form 3 does not show any buy or sell transaction; it is an initial ownership report. The entries are classified as holdings, with transaction codes absent and no reported changes in share counts from purchases or sales.
What ownership disclaimer does Michel Gonzalez make in the FMX filing?
He disclaims pecuniary interest in securities held by the voting trust except for those he contributed directly or indirectly. The footnote states the report should not be deemed an admission that he is the beneficial owner of all trust-held securities for Section 16 or other purposes.