FMX director reports initial holdings on Form 3
Mexican Economic Development Inc. director Jose Antonio Fernandez Carbajal filed an initial Form 3 reporting his ownership of B and BD Units.
Rhea-AI Filing Summary
Mexican Economic Development Inc. director Jose Antonio Fernandez Carbajal filed an initial Form 3 reporting his ownership of B and BD Units. He reports direct holdings of 1,000 B Units and 5,881,646 BD Units. Indirectly, 956,626 BD Units are held for his benefit through an employee trust, and 1,384,426,997 B Units are held for the benefit of his spouse in a voting trust. The filing notes that each unit represents combinations of underlying Series B and Series D shares and includes disclaimers that he is not admitting beneficial ownership of certain indirectly held securities for regulatory purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Fernandez Carbajal Jose Antonio
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | B Units | -- | -- | -- |
| holding | BD Units | -- | -- | -- |
| holding | BD Units | -- | -- | -- |
| holding | B Units | -- | -- | -- |
Holdings After Transaction:
B Units — 1,000 shares (Direct);
BD Units — 5,881,646 shares (Direct);
BD Units — 956,626 shares (Indirect, By Employee Trust);
B Units — 1,384,426,997 shares (Indirect, By Spouse by Voting Trust)
Footnotes (5)
- 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. 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).
- F3. 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.
- F4. These securities are held for the benefit of the reporting person's spouse 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's spouse 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 indirect pecuniary interests derived from the reporting person's spouse's beneficial ownership of any securities (with shared voting power and with shared dispositive power), other than the indirect pecuniary interests derived by the reporting person's spouse's securities contributed directly or indirectly to the Voting Trust. 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.
- F5. The reporting person disclaims beneficial ownership of these securities, 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the FMX Form 3 filing by Jose Antonio Fernandez Carbajal report?
The Form 3 reports initial holdings of B and BD Units linked to FMX. It lists direct and indirect unit positions, including interests held via an employee trust and a voting trust benefiting his spouse, without showing any new purchases or sales.
How many FMX B Units does Jose Antonio Fernandez Carbajal directly hold?
He directly holds 1,000 B Units in FMX according to the Form 3. Each B Unit represents a bundle of Series B Shares, giving him a small direct position alongside much larger indirect interests through trusts.
What BD Unit holdings in FMX are reported for Jose Antonio Fernandez Carbajal?
The filing reports 5,881,646 BD Units held directly and 956,626 BD Units held indirectly through an employee trust. Each BD Unit is composed of one Series B Share and multiple Series D shares without par value.
How are FMX securities held indirectly for Jose Antonio Fernandez Carbajal?
Indirect holdings include BD Units in an employee trust and B Units in a voting trust benefiting his spouse. These trusts hold the securities for participants’ benefit, with shared voting arrangements disclosed in the filing’s detailed footnotes.
Does Jose Antonio Fernandez Carbajal claim full beneficial ownership of his spouse’s FMX holdings?
No. The Form 3 explicitly states he disclaims beneficial ownership of certain securities held for his spouse in the voting trust. He does not admit being their beneficial owner for Section 16 or other legal purposes, except for limited indirect interests attributed to contributions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
