FMX executive discloses BD Unit holdings

Q: What does the Form 3 filed for FMX by Spas Montesinos show?

The Form 3 reports initial holdings of BD Units by executive Spas Montesinos Constantino. It lists both direct and indirect positions, establishing his baseline ownership in Mexican Economic Development Inc. as he becomes a reporting insider.

Q: How many FMX BD Units does Spas Montesinos hold indirectly?

Spas Montesinos is reported to hold 227,731 BD Units indirectly through an employee trust. These units are held for his benefit by a trust controlled by Fomento Economico Mexicano, S.A.B. de C.V., where he participates as a trust beneficiary.

Q: How many FMX BD Units does Spas Montesinos hold directly?

The filing shows direct ownership of 146,734 BD Units by Spas Montesinos. This direct position is separate from his indirect holdings through the employee trust and forms part of his overall reported economic interest in the company.

Q: What are BD Units reported in the FMX Form 3 filing?

BD Units are a bundle of different share classes. 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 holders exposure to multiple share series in a single unit.

Q: How are the indirect FMX holdings of Spas Montesinos structured?

The indirect holdings are held via an employee trust. Specifically, securities are held for his benefit by Banco Mercantil del Norte, S.A., Trust No. 204124, an employee trust controlled by Fomento Economico Mexicano, where he is a participating beneficiary.

Q: Does the FMX Form 3 indicate any recent insider buying or selling?

The Form 3 does not show explicit buy or sell transactions. It records holdings as of the reporting date, serving as an initial ownership statement rather than detailing open-market purchases, sales, or option exercises by the reporting person.

Mexican Economic Development Inc. executive Spas Montesinos Constantino filed an initial Form 3 reporting BD Unit holdings.

Accepted by SEC EDGAR 03/18/2026 - 12:30 PM EDT

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Mexican Economic Development Inc. executive Spas Montesinos Constantino filed an initial Form 3 reporting BD Unit holdings. He reports indirect ownership of 227,731 BD Units through an employee trust and direct ownership of 146,734 BD Units. Each BD Unit represents a bundle of Series B and Series D shares.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Spas Montesinos Constantino

Role Americas & Mobility Division

Type	Security	Shares	Price	Value
Holding	BD Units	--	--	--
Holding	BD Units	--	--	--

Holdings: BD Units — 227,731 shares (Indirect, By Employee Trust); BD Units — 146,734 shares (Direct)

Footnotes (2)

F1. 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).
F2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 3 filed for FMX by Spas Montesinos show?

The Form 3 reports initial holdings of BD Units by executive Spas Montesinos Constantino. It lists both direct and indirect positions, establishing his baseline ownership in Mexican Economic Development Inc. as he becomes a reporting insider.

How many FMX BD Units does Spas Montesinos hold indirectly?

Spas Montesinos is reported to hold 227,731 BD Units indirectly through an employee trust. These units are held for his benefit by a trust controlled by Fomento Economico Mexicano, S.A.B. de C.V., where he participates as a trust beneficiary.

How many FMX BD Units does Spas Montesinos hold directly?

The filing shows direct ownership of 146,734 BD Units by Spas Montesinos. This direct position is separate from his indirect holdings through the employee trust and forms part of his overall reported economic interest in the company.

What are BD Units reported in the FMX Form 3 filing?

BD Units are a bundle of different share classes. 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 holders exposure to multiple share series in a single unit.

How are the indirect FMX holdings of Spas Montesinos structured?

The indirect holdings are held via an employee trust. Specifically, securities are held for his benefit by Banco Mercantil del Norte, S.A., Trust No. 204124, an employee trust controlled by Fomento Economico Mexicano, where he is a participating beneficiary.

Does the FMX Form 3 indicate any recent insider buying or selling?

The Form 3 does not show explicit buy or sell transactions. It records holdings as of the reporting date, serving as an initial ownership statement rather than detailing open-market purchases, sales, or option exercises by the reporting person.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

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^*

Spas Montesinos Constantino

(Last)

(First)

(Middle)

GENERAL ANAYA 601 PTE

COLONIA BELLA VISTA

(Street)

MONTERREY

64410

(City)

(State)

(Zip)

UNITED STATES

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Americas & Mobility Division

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)
BD Units	227,731⁽¹⁾	I	By Employee Trust⁽²⁾
BD Units	146,734⁽¹⁾	D

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)

Explanation of Responses:

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).

2. 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.

Remarks:

	Constantino Spas Montesinos	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)

Source: View Original Filing on SEC EDGAR