Mexican Economic Development (NYSE: FMX) officer reports BD Unit ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Mexican Economic Development Inc. executive reports initial BD Unit holdings. Health & Multi-Format Division officer Celestino Jacobo Caller reports ownership of 26,519 BD Units directly and 122,694 BD Units indirectly through an Employee Trust. Each BD Unit consists of one Series B Share, two Series D-B Shares and two Series D-L Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
caller celestino jacobo
Role
Health & Multi-Format Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | BD Units | -- | -- | -- |
| holding | BD Units | -- | -- | -- |
Holdings After Transaction:
BD Units — 26,519 shares (Direct);
BD Units — 122,694 shares (Indirect, By Employee Trust)
Footnotes (1)
- 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 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.
FAQ
What does the FMX Form 3 filing by Celestino Jacobo Caller report?
The Form 3 reports Celestino Jacobo Caller’s initial beneficial ownership in Mexican Economic Development Inc. It shows 26,519 BD Units held directly and 122,694 BD Units held indirectly through an Employee Trust associated with the company’s equity-based compensation structure.
How many FMX BD Units does the reporting person hold directly and indirectly?
The reporting person holds 26,519 BD Units directly and 122,694 BD Units indirectly via an Employee Trust. Together, these figures represent the BD Unit interests attributed to the executive as of the Form 3’s reporting date for Mexican Economic Development Inc.
What is a BD Unit in the FMX Form 3 filing?
Each BD Unit consists of one Series B Share, two Series D-B Shares, and two Series D-L Shares, all without par value. The filing clarifies this structure to explain what the reported BD Unit holdings represent in terms of underlying share classes at Mexican Economic Development Inc.
How are the indirect FMX BD Unit holdings structured for the reporting person?
The indirect BD Unit holdings are held for the reporting person’s benefit by Banco Mercantil del Norte, S.A., through Trust No. 204124, described as an Employee Trust controlled by Fomento Economico Mexicano, S.A.B. de C.V., in which the reporting person participates as a trust beneficiary.
Does the FMX Form 3 show any insider buying or selling activity?
The Form 3 does not show any insider buying or selling; it reports initial holdings only. The transactions are coded as holding entries, with unknown transaction codes, indicating a disclosure of existing BD Unit positions rather than new market purchases or sales.