Long-term CPO retention awards reported by Grupo Televisa (TV) executive
Rhea-AI Filing Summary
GRUPO TELEVISA, S.A.B. corporate VP of Finance Carlos Phillips Margain filed an initial ownership report showing indirect interests in Certificados de Participacion Ordinarios (CPOs) held through a Long-Term Retention Plan. The filing lists several derivative awards over CPOs with different exercise prices and maturities.
The positions cover underlying CPOs in blocks of 20,020, 210,240, 923,368 and 1,671,310 CPOs, with exercise prices ranging from $0.09 to $2.14 per CPO and expiration dates from April 2026 through April 2031. Each CPO represents baskets of Series A, B, L and D shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
PHILLIPS MARGAIN Carlos
Role
Corporate VP of Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | CPOs held in Long-Term Retention Plan | -- | -- | -- |
| holding | CPOs held in Long-Term Retention Plan | -- | -- | -- |
| holding | CPOs held in Long-Term Retention Plan | -- | -- | -- |
| holding | CPOs held in Long-Term Retention Plan | -- | -- | -- |
| holding | CPOs held in Long-Term Retention Plan | -- | -- | -- |
| holding | CPOs held in Long-Term Retention Plan | -- | -- | -- |
| holding | CPOs held in Long-Term Retention Plan | -- | -- | -- |
Holdings After Transaction:
CPOs held in Long-Term Retention Plan — 3,265,438 shares (Indirect, Long-Term Retention Plan)
Footnotes (2)
- F1. Each Certificado de Participacion Ordinarios ("CPO") represents twenty-five Series "A" Shares, twenty-two Series "B" Shares, thirty-five Series "L" Shares and thirty-five Series "D" Shares of Grupo Televisa, S.A.B.
- F2. The reported exercise price was converted into US dollars based on the currency conversion rate of 17.8874 Mexican Pesos per US dollar as of March 20, 2026.
Key Figures
CPO tranche: 20,020 CPOs
CPO tranche: 20,020 CPOs
CPO tranche: 210,240 CPOs
+5 more
8 metrics
CPO tranche
20,020 CPOs
Underlying shares for awards expiring April 10, 2026 at $1.37
CPO tranche
20,020 CPOs
Underlying shares for awards expiring April 10, 2027 at $1.74
CPO tranche
210,240 CPOs
Underlying shares for awards expiring April 10, 2028 at $2.14
Large CPO tranche
923,368 CPOs
Underlying shares for awards expiring April 10, 2030 at $0.09
Largest CPO tranche
1,671,310 CPOs
Underlying shares for awards expiring April 10, 2031 at $0.09
Lowest exercise price
$0.09 per CPO
Multiple tranches with expirations in 2029, 2030 and 2031
Highest exercise price
$2.14 per CPO
Tranche of 210,240 underlying CPOs expiring April 10, 2028
FX rate used
17.8874 MXN per USD
Conversion rate for exercise prices as of March 20, 2026
Key Terms
Certificado de Participacion Ordinarios ("CPO"), Long-Term Retention Plan, exercise price, expiration date, +2 more
6 terms
Certificado de Participacion Ordinarios ("CPO") financial
"Each Certificado de Participacion Ordinarios ("CPO") represents twenty-five Series "A" Shares..."
Long-Term Retention Plan financial
"CPOs held in Long-Term Retention Plan"
exercise price financial
"The reported exercise price was converted into 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.
expiration date financial
"expiration_date": "2026-04-10T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
underlying security financial
"underlying_security_title": "CPOs""
indirect ownership financial
"ownershipType": "indirect""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Grupo Televisa (TV) executive Carlos Phillips Margain report in this Form 3?
He reports indirect interests in CPO-based awards under a Long-Term Retention Plan. The filing lists several derivative positions over CPOs with specified exercise prices, share amounts, and expiration dates, establishing his initial beneficial ownership disclosure as a corporate VP of Finance.
How many Grupo Televisa (TV) CPOs are covered by the reported retention plan awards?
The filing shows awards tied to 20,020, 20,020, 210,240, 210,240, 210,240, 923,368 and 1,671,310 underlying CPOs. These entries represent multiple tranches of CPO-based incentives within the Long-Term Retention Plan, each with its own exercise terms and maturities.
What exercise prices are disclosed for the Grupo Televisa (TV) CPO awards?
Exercise prices disclosed include $1.37, $1.74, $2.14, $0.96 and $0.09 per CPO. A footnote explains the reported exercise prices were converted into US dollars using a 17.8874 Mexican peso per US dollar exchange rate as of March 20, 2026.
When do the reported Grupo Televisa (TV) CPO awards expire?
Expiration dates range from April 10, 2026, to April 10, 2031. Each derivative position over CPOs has a specified maturity, reflecting a staggered long-term incentive structure within the retention plan that extends over several years for the reporting executive.
What is a CPO in the context of Grupo Televisa (TV) and this Form 3?
A CPO, or Certificado de Participacion Ordinarios, represents baskets of Televisa shares. Each CPO corresponds to twenty-five Series A shares, twenty-two Series B shares, thirty-five Series L shares and thirty-five Series D shares, according to the footnote included in the ownership disclosure.
Are the reported Grupo Televisa (TV) CPO holdings direct or indirect for this executive?
All reported CPO-related positions are shown as indirect interests. The filing labels ownership type as indirect and nature of ownership as a Long-Term Retention Plan, indicating these interests arise from plan-based derivative awards rather than directly held common equity.