HR chief at Pampa Energy (PAM) receives 21,587-share equity grant

Rhea-AI Filing Summary

Pampa Energy Inc. reported that HR Director Mariana de la Fuente received an award of 21,587 Common Shares on March 10, 2026. The award is classified as a grant, award, or other acquisition rather than an open-market purchase or sale. Following this compensation-related transaction, her directly held position in the company’s common shares increased to 52,037 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider de la Fuente Mariana

Role HR Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	21,587	$73,844.26	$1.59B

Holdings After Transaction: Common Shares — 52,037 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 21,587 shares Price per share: 73,844.2600 per share Total shares after transaction: 52,037 shares

3 metrics

Shares granted 21,587 shares Common Shares grant on March 10, 2026

Price per share 73,844.2600 per share Listed transaction and conversion price for the grant

Total shares after transaction 52,037 shares Directly held Common Shares following the grant

Key Terms

Grant, award, or other acquisition, Common Shares, directly held position

3 terms

Grant, award, or other acquisition financial

"transaction is coded as a grant, award, or other acquisition"

Common Shares financial

"received an award of 21,587 Common Shares on March 10, 2026"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

directly held position financial

"her directly held position in the company’s common shares increased"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

de la Fuente Mariana

(Last) (First) (Middle)

MAIPU 1

(Street)

BUENOS AIRES 1084

(City) (State) (Zip)

ARGENTINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Pampa Energy Inc. [ PAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	HR Director

2a. Foreign Trading Symbol
[PAMP]

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Shares	$73,844.26(1)	03/10/2026	03/27/2026	A		21,587		03/10/2026	(1)	PAMP	21,587	$73,844.26(1)	52,037(1)	D

Explanation of Responses:

1. not applicable

	Mariana de la Fuente	03/31/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transaction did Pampa Energy (PAM) report for Mariana de la Fuente?

Pampa Energy reported that HR Director Mariana de la Fuente received a grant of 21,587 Common Shares. The filing classifies this as a grant, award, or other acquisition, indicating a compensation-related share award rather than an open-market trade.

How many Pampa Energy (PAM) shares does Mariana de la Fuente hold after the grant?

After the grant, Mariana de la Fuente directly holds a total of 52,037 Pampa Energy Common Shares. This figure reflects her updated ownership position as reported in the Form 4 insider transaction filing for March 10, 2026.

Was the Pampa Energy (PAM) Form 4 transaction a buy or a grant?

The Form 4 transaction is a grant, not an open-market buy. It is coded as a grant, award, or other acquisition, indicating the shares were awarded as part of compensation instead of being purchased on the market by the HR Director.

What price per share is listed for the Pampa Energy (PAM) stock grant?

The filing lists a transaction price per share of 73,844.2600 for the 21,587 Common Shares granted. This figure is also shown as the conversion or exercise price, reflecting the valuation used for this compensation-related share award on March 10, 2026.

Does the Pampa Energy (PAM) Form 4 show any insider share sales?

The Form 4 does not report any insider share sales. It records only one transaction coded as a grant, award, or other acquisition, meaning the HR Director acquired additional shares through compensation rather than disposing of any existing holdings.