Director at Mexican Economic Development (NYSE: FMX) sells BD Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mexican Economic Development Inc. director Alfonso Garza Garza reported open-market sales of BD Units over four days. He sold a total of 209,259 BD Units on March 24–27 at prices between 10.7909 and 11.1890 per BD Unit. After these transactions, he directly holds 1,128,453 BD Units, and the filing also reports additional B and BD Units held indirectly through trusts and a voting trust associated with him.
Positive
- None.
Negative
- None.
Insights
Director records net sale of BD Units while retaining a sizable stake.
The filing shows director Alfonso Garza Garza executed four open-market sales totaling 209,259 BD Units at prices between 10.7909 and 11.1890 per unit. These are straightforward non-derivative dispositions, with no linked option exercises or complex structures.
Following the sales, he still holds 1,128,453 BD Units directly, indicating he retains a substantial direct position. The report also lists large indirect interests through trusts and a voting trust, with shared voting power and limited pecuniary interests as described. Overall, this appears as a routine portfolio adjustment rather than a transformational ownership change.
Insider Trade Summary
Net Seller: 209,259 shares ($2,306,541)
Net Sell
8 txns
Insider
garza garza Alfonso
Role
Director
Sold
209,259 shs ($2.31M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | BD Units | 52,311 | $11.189 | $585K |
| Sale | BD Units | 52,316 | $11.043 | $578K |
| Sale | BD Units | 52,316 | $11.0668 | $579K |
| Sale | BD Units | 52,316 | $10.7909 | $565K |
| holding | B Units | -- | -- | -- |
| holding | B Units | -- | -- | -- |
| holding | B Units | -- | -- | -- |
| holding | BD Units | -- | -- | -- |
Holdings After Transaction:
BD Units — 1,128,453 shares (Direct);
B Units — 3,826,577 shares (Indirect, By Trust);
B Units — 4,840 shares (Direct);
BD Units — 2,470,657 shares (Indirect, By Trust)
Footnotes (1)
- This transaction was carried out in Mexican pesos. For purposes of this Form 4, a conversion rate of MXN 17.3627 for each USD $1.00 was used. 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). 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 for the benefit of the reporting person by BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico, Trust No. F/4112454, a trust in which the reporting person is participant, along with other family members. 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 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 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.
Key Figures
Total BD Units sold: 209,259 BD Units
Sale price range: 10.7909–11.1890 per BD Unit
Direct BD Units after transactions: 1,128,453 BD Units
+4 more
7 metrics
Total BD Units sold
209,259 BD Units
Open-market sales on March 24–27, 2026
Sale price range
10.7909–11.1890 per BD Unit
Reported transaction prices for BD Unit sales
Direct BD Units after transactions
1,128,453 BD Units
Direct holdings following March 27, 2026 sale
BD Units sold on 2026-03-27
52,311 BD Units
Open-market sale at 11.1890 per unit
BD Units sold on 2026-03-26
52,316 BD Units
Open-market sale at 11.0430 per unit
BD Units sold on 2026-03-25
52,316 BD Units
Open-market sale at 11.0668 per unit
BD Units sold on 2026-03-24
52,316 BD Units
Open-market sale at 10.7909 per unit
Key Terms
BD Units, B Units, Voting Trust, pecuniary interests, +1 more
5 terms
BD Units financial
"The securities reported herein are held in the form of BD Units."
B Units financial
"The securities reported herein are held in the form of B Units."
Voting Trust financial
"Trust No. 463 (the "Voting Trust"), an irrevocable voting trust in which the reporting person is a trust participant."
A voting trust is an arrangement where shareholders temporarily transfer their voting rights to one or more trusted individuals (trustees) who vote on company matters on their behalf. It matters to investors because it consolidates decision-making power—like handing the car keys to a single driver for a journey—which can stabilize leadership or push through strategic plans but also reduces individual shareholders’ direct influence and can affect the company’s direction and stock value.
pecuniary interests financial
"The reporting person hereby disclaims having any pecuniary interests derived from the beneficial ownership of any securities..."
beneficial ownership financial
"Each of the trust participants is deemed to have beneficial ownership with shared voting power over the securities..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did FMX director Alfonso Garza Garza report?
He reported selling BD Units in open-market transactions. Over March 24–27, he disposed of a total of 209,259 BD Units at prices between 10.7909 and 11.1890 per unit, according to the Form 4 filing data.
At what prices were the FMX BD Units sold by the director?
The BD Units were sold at prices between 10.7909 and 11.1890 per unit. These per-unit prices were reported directly in the Form 4 transactions, reflecting open-market sale executions across four consecutive trading days.
How many FMX BD Units does Alfonso Garza Garza hold after the sales?
After the reported sales, he directly holds 1,128,453 BD Units. The Form 4 also shows additional B and BD Units held indirectly for his benefit through trusts and a voting trust, but the direct holding figure is clearly specified as of the last transaction date.
Were any derivative securities involved in this FMX Form 4 filing?
No derivative securities were reported in these transactions. All four sales involve non-derivative BD Units, and the derivative position summary in the filing shows zero derivative transactions and zero remaining derivative securities tied to these trades.
What do BD Units and B Units represent in the FMX Form 4?
The filing states each BD Unit consists of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each B Unit consists of five Series B Shares. These descriptions come from the footnotes explaining the company’s unit structures.
How are trusts and the voting trust involved in FMX insider holdings?
The Form 4 notes that certain B and BD Units are held by trusts and a voting trust where the director is a participant. The voting trust provides shared voting power, and the director disclaims pecuniary interests beyond securities he contributed directly or indirectly.