Pampa Energy VP granted 49,933 company shares

Pampa Energy Inc. reported that VP legal affairs Carolina Sigwald received an equity award classified as a derivative transaction.

Rhea-AI Filing Summary

Pampa Energy Inc. reported that VP legal affairs Carolina Sigwald received an equity award classified as a derivative transaction. On March 25, 2026, she was granted rights over 49,933 shares of common stock, described as "Common Stock, $25 Par Value," as a grant/award acquisition.

The filing shows an exercise price reported as US$176,281.00 per share, which reflects a conversion from an Argentine peso price of AR$4,942.50 per share using an exchange rate of US$1.00 = AR$1,400. After this award, her total reported holdings increased to 295,773 shares, including 160,923 common stocks and 5,394 ADRs, indicating a larger overall stake tied to the company.

Insider Trade Summary

Grant/Award: 49,933 shares

Grant/Award 1 txn

Insider Sigwald Carolina

Role VP legal affairs

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $25 Par Value	49,933	$176,281.00	$8.80B

Holdings After Transaction: Common Stock, $25 Par Value — 295,773 contracts (Direct)

Footnotes (4)

1. F1. These shares were acquired at a price of AR$ 4,942.50 per share. For reporting purposes the exercise price has been converted to US dollars based on the exchange rate reported by Banco de la Nacion Argentina for the date of acquisition, which was US$1.00 = AR$ 1,400
2. F2. The total contains 160,923 common stocks and 5,394 ADRs
3. F3. These shares were acquired at a price of AR$4,942.50 per share. For reporting purposes the exercise price has been converted to US dollars based on the exchange rate reported by Banco de la Nacion Argentina for the date of acquisition which was US$1.00 = AR$ 1,400
4. F4. Not applicable

Key Figures

Shares granted: 49,933 shares Exercise price (U.S. reported): US$176,281.00 per share Local share price: AR$4,942.50 per share +4 more

7 metrics

Shares granted 49,933 shares Grant/award acquisition on March 25, 2026

Exercise price (U.S. reported) US$176,281.00 per share Converted reporting figure for the award

Local share price AR$4,942.50 per share Acquisition price in Argentine pesos

Exchange rate used US$1.00 = AR$1,400 Banco de la Nacion Argentina on acquisition date

Total holdings after transaction 295,773 shares Reported total position following the grant

Common stock component 160,923 common stocks Portion of total holdings described in footnote

ADR component 5,394 ADRs American Depositary Receipts included in total

Key Terms

Grant, award, or other acquisition, exercise price, ADRs, Banco de la Nacion Argentina

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

exercise price financial

"For reporting purposes the exercise price has been converted to US dollars"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

ADRs financial

"The total contains 160,923 common stocks and 5,394 ADRs"

American Depositary Receipts (ADRs) are certificates issued by a U.S. bank that stand in for shares of a foreign company, allowing those shares to be bought and sold on U.S. stock exchanges in U.S. dollars. Think of an ADR as a local ticket representing a foreign stock: it makes trading, settlement, and tax reporting simpler for U.S. investors, but still exposes them to risks like currency moves, different accounting rules, and foreign corporate practices.

Banco de la Nacion Argentina financial

"based on the exchange rate reported by Banco de la Nacion Argentina"

FAQ

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

What did Pampa Energy (PAM) disclose about Carolina Sigwald’s recent equity award?

Pampa Energy disclosed that VP legal affairs Carolina Sigwald received a grant classified as a derivative transaction covering 49,933 common shares. The filing describes it as a grant or award acquisition, increasing her overall reported holdings in the company to 295,773 shares after the transaction.

How many Pampa Energy (PAM) shares were granted to Carolina Sigwald in this Form 4?

The Form 4 reports that 49,933 shares of Pampa Energy common stock were granted to Carolina Sigwald. These are tied to a derivative-type award and are in addition to her existing holdings, bringing her total reported position to 295,773 shares following the transaction.

What exercise price per share is reported for Carolina Sigwald’s Pampa Energy award?

The award is reported with an exercise price of US$176,281.00 per share for Form 4 purposes. This figure is derived from an Argentine price of AR$4,942.50 per share, converted using an exchange rate of US$1.00 = AR$1,400 disclosed in the footnotes.

How large is Carolina Sigwald’s total Pampa Energy (PAM) position after this grant?

After the reported grant, Carolina Sigwald’s total position is 295,773 shares according to the filing. A footnote explains this total includes 160,923 common stocks and 5,394 American Depositary Receipts (ADRs), giving a clearer breakdown of her reported exposure to the company.

How are currency and exchange rates handled in this Pampa Energy Form 4?

The filing states the shares were acquired at AR$4,942.50 per share, an Argentine peso amount. For reporting in U.S. dollars, it converts this using an exchange rate of US$1.00 = AR$1,400, the rate reported by Banco de la Nacion Argentina on the acquisition date.

What type of transaction code appears in Pampa Energy’s Form 4 for this award?

The transaction uses code “A,” described as a grant, award, or other acquisition. It is categorized as a derivative transaction covering 49,933 underlying common shares, with the filing labeling the direction as an acquisition rather than an open-market purchase or sale.

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

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Accepted by SEC EDGAR 04/03/2026 - 06:24 PM Learn about SEC filing dates

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^*

Sigwald Carolina

(Last) (First) (Middle)

MAIPU 1

(Street)

BUENOS AIRES C1084

(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)
	VP legal affairs

2a. Foreign Trading Symbol
[PAMP]

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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 Stock, $25 Par Value	$176,281(1)	03/25/2026	03/27/2026	A		49,933		03/25/2026	(4)	PAMP	49,933	$176,281(3)	295,773(2)	D

Explanation of Responses:

1. These shares were acquired at a price of AR$ 4,942.50 per share. For reporting purposes the exercise price has been converted to US dollars based on the exchange rate reported by Banco de la Nacion Argentina for the date of acquisition, which was US$1.00 = AR$ 1,400

2. The total contains 160,923 common stocks and 5,394 ADRs

3. These shares were acquired at a price of AR$4,942.50 per share. For reporting purposes the exercise price has been converted to US dollars based on the exchange rate reported by Banco de la Nacion Argentina for the date of acquisition which was US$1.00 = AR$ 1,400

4. Not applicable

	Carolina Sigwald	04/03/2026
	** 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)