Fomento Mexicano SEC Filings

Fomento Económico Mexicano (FEMSA) has released new Sustainability-Related Financial Disclosures prepared under the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board. The report is available on FEMSA’s website and is intended to provide consistent, globally-aligned sustainability information.

FEMSA operates retail and beverage businesses including OXXO stores, Valora in Europe, a Health division with drugstores, digital financial services such as Spin by OXXO and Spin Premia, and Coca-Cola FEMSA, a major Coca-Cola bottler. Across these units, FEMSA reports more than 392,000 employees in 18 countries and inclusion in several ESG-focused indexes.

Mexican Economic Development Inc. director Alfonso Garza Garza reported a series of open-market sales of BD Units in March 2026. He sold 52,316 BD Units on each of four days from March 18–23, 2026 at prices between $10.26 and $10.60 per BD Unit, totaling 209,264 BD Units. After these sales, he directly holds 1,337,712 BD Units. Footnotes explain that BD Units each represent one Series B share and four Series D shares, and that additional B and BD Units are held indirectly through trusts, including a voting trust where his economic interest is limited to securities he contributed.

FEMSA is expanding its share repurchase program using accelerated share repurchase (ASR) structures. The company completed an ASR first announced in December 2025, repurchasing approximately 2.5 million American Depositary Shares (ADSs) at an average price of $104.41 per ADS, for a total of USD $260 million, with final settlement expected on March 23 and 24, 2026.

FEMSA also entered a new ASR with a different U.S. financial institution to repurchase up to USD $300 million of its ADSs. This new agreement includes an initial delivery of 591,774 ADSs in March 2026, with final settlement expected in the second quarter of 2026 based on the daily volume‑weighted average price less a discount.

MEXICAN ECONOMIC DEVELOPMENT INC director Juan Carlos Garza Garza filed an initial Form 3 reporting his beneficial ownership of B Units and BD Units. Indirectly, he reports 1,384,426,997 B Units held through a Voting Trust where he shares voting power and disclaims pecuniary interest except for his contributed securities, plus 3,826,000 B Units and 2,470,000 BD Units held via a family trust. He also reports direct ownership of 3,640 B Units and 500 BD Units. The filing lists holdings only and does not show new buy or sell transactions.

Mexican Economic Development Inc director Alejandro Bailleres Gual has filed a Form 3 reporting his initial beneficial ownership in the company’s units. The filing shows large indirect holdings of B Units through a voting trust that aggregates securities for multiple participants, where he shares voting power but disclaims pecuniary interest beyond his contributed securities.

He also reports B Units and BD Units held both directly and indirectly. Each B Unit represents five Series B shares, while each BD Unit represents one Series B share plus two Series D-B shares and two Series D-L shares. Some indirect positions are held via Mexican companies in which he is a majority shareholder and through bare ownership subject to a usufruct in favor of a parent, with full ownership vesting to him when the usufruct ends.

Mexican Economic Development Inc. director Alfonso Garza Garza filed an initial Form 3 reporting his beneficial interests in FMX securities, mainly through trust structures. The filing lists large indirect holdings of B Units via a Voting Trust and additional B and BD Units held directly and through family trusts.

B Units represent bundles of five Series B Shares, while BD Units combine Series B, Series D-B, and Series D-L Shares. Some securities are deposited in an irrevocable Voting Trust where he shares voting power with other participants and disclaims pecuniary interest beyond securities he has contributed.

Mexican Economic Development Inc. director Barbara Garza Laguera Gonda filed an initial Form 3 reporting her beneficial holdings in B Units and BD Units of FMX. Indirectly, securities are held through a Voting Trust and joint accounts, where she generally disclaims beneficial ownership beyond her pecuniary interest.

The filing explains that each B Unit represents five Series B Shares, while each BD Unit combines Series B, Series D-B and Series D-L shares, and some BD holdings are represented by American Depositary Receipts, each ADR corresponding to 10 BD Units.

Mexican Economic Development Inc. director Eva Maria Garza Lagüera Gonda filed a Form 3 reporting her beneficial holdings in B Units and BD Units of the company. This filing does not show any new purchases or sales; it establishes her position as she became a reporting insider.

A Voting Trust holds 1,384,426,997 B Units in which she is an indirect trust participant with shared voting power and a limited pecuniary interest. She also reports direct holdings of 38,000 B Units, 6,900 B Units, 13,127,400 BD Units and 70,000 BD Units, plus smaller indirect positions in joint accounts of 24,512 B Units and 4 BD Units, where she again disclaims beneficial ownership beyond her economic interest.

Mexican Economic Development Inc. director Mariana Garza Laguera Gonda has filed an initial Form 3 reporting her ownership of B Units and BD Units in the company. The filing shows large indirect holdings of B Units through a voting trust, as well as additional B Units and BD Units held directly and through joint accounts and a spouse.

Each B Unit consists of five Series B Shares without par value. BD Units consist of one Series B Share, two Series D-B Shares and two Series D-L Shares, and some BD holdings are represented by American Depositary Shares, with each ADS representing 10 BD Units. The filing describes several positions where she disclaims beneficial ownership beyond her pecuniary interest.