Televisa director sells CPOs, exercises plan shares
GRUPO TELEVISA, S.A.B. director Guillermo Garcia Naranjo Alvarez reported mixed transactions in the company’s CPOs.
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Form Type
4
Rhea-AI Filing Summary
GRUPO TELEVISA, S.A.B. director Guillermo Garcia Naranjo Alvarez reported mixed transactions in the company’s CPOs. On May 4, 2026, he made an open-market sale of 44,500 CPOs at an average price of $0.57 per CPO and remained a direct holder afterward.
On the same date, he also exercised 277,500 CPOs held through a Stock Purchase Plan trust at a conversion price of Ps.1.60 per CPO (about $0.09 using a Ps.17.5161 per US$ rate). Following these transactions, he directly held 838,275 CPOs, while the derivative position in the Stock Purchase Plan was reduced to zero as those CPOs were converted and partly sold by the plan’s trust on his behalf.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
GARCIA NARANJO ALVAREZ Guillermo
Role
Director
Sold
44,500 shs ($25K)
Approx. gross sale proceeds
$25K
Approx. exercise cost
$25K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | CPOs held in Stock Purchase Plan | 277,500 | $0.00 | $0.00 |
| In-the-Money Exercise | CPOs | 277,500 | $0.09 | $25K |
| Sale | CPOs | 44,500 | $0.57 | $25K |
Holdings After Transaction:
CPOs held in Stock Purchase Plan — 0 contracts (Indirect, Stock Purchase Plan);
CPOs — 838,275 shares (Direct)
Footnotes (5)
- 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. Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.5161 Mexican Pesos per US dollar as of April 30, 2026.
- F3. Price is the average price of all sales described in footnote 4, which were effected by the trust on behalf of the reporting person together with several similarly situated persons, without distinction among them, in a series of sales concluding on the transaction date.
- F4. At the date of vesting, the trust that administers the Stock Purchase Plan for Directors, acting on behalf of the reporting person, will sell a portion of these CPOs to pay the price of Ps.1.60 per CPO and deliver the remainder of these CPOs to the reporting person.
- F5. Not applicable.
Key Figures
CPOs sold: 44,500 CPOs
Sale price: $0.57 per CPO
CPOs exercised: 277,500 CPOs
+3 more
6 metrics
CPOs sold
44,500 CPOs
Open-market sale on May 4, 2026 at $0.57 per CPO
Sale price
$0.57 per CPO
Average price for 44,500 CPOs sold
CPOs exercised
277,500 CPOs
Exercise of Stock Purchase Plan derivative position
Exercise price
Ps.1.60 per CPO
Conversion price for 277,500 CPOs in Stock Purchase Plan
FX rate used
Ps.17.5161 per US$1
Conversion from Mexican pesos to US dollars as of April 30, 2026
Holdings after transactions
838,275 CPOs
Direct CPOs held after May 4, 2026 transactions
Key Terms
CPOs, Certificado de Participacion Ordinarios, Stock Purchase Plan, derivative security, +1 more
5 terms
CPOs financial
"Each Certificado de Participacion Ordinarios ("CPO") represents twenty-five Series "A" Shares..."
Certificado de Participacion Ordinarios financial
"Each Certificado de Participacion Ordinarios ("CPO") represents twenty-five Series "A" Shares..."
Stock Purchase Plan financial
"CPOs held in Stock Purchase Plan"
A stock purchase plan is a company-run program that lets employees or qualifying investors buy the company’s shares regularly, often through paycheck deductions and sometimes at a discounted price or with matching contributions. It matters because it encourages ownership—like a workplace discount for buying company products—aligning interests between holders and managers, while affecting share supply and potential value for outside investors.
derivative security financial
"Exercise of in-the-money or at-the-money derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise of in-the-money derivative financial
"transaction_action": "in-the-money derivative exercise""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GRUPO TELEVISA (TV) director Garcia Naranjo report?
He reported an open-market sale of 44,500 CPOs and the exercise of 277,500 CPOs from a Stock Purchase Plan. The exercise converted a derivative position into CPOs, while the sale modestly reduced his direct holdings but left a substantial stake.
How many GRUPO TELEVISA (TV) CPOs did the director sell and at what price?
He sold 44,500 CPOs in an open-market transaction at an average price of $0.57 per CPO. This was a cash sale of existing holdings and represents only a portion of his overall CPO position in the company.
What was the size and price of the CPO exercise in GRUPO TELEVISA (TV)?
He exercised 277,500 CPOs held through a Stock Purchase Plan at Ps.1.60 per CPO, equivalent to about $0.09 using a Ps.17.5161 per US dollar rate. This exercise converted a derivative plan position into CPOs allocated and sold via the plan’s trust.
How many GRUPO TELEVISA (TV) CPOs does the director hold after these transactions?
After the reported transactions, he directly holds 838,275 CPOs. The Stock Purchase Plan derivative position related to 277,500 CPOs was fully exercised, leaving no remaining derivative balance from that plan position in this filing.
What are GRUPO TELEVISA (TV) CPOs as described in the filing?
Each CPO, or Certificado de Participacion Ordinarios, represents underlying Series A, B, L, and D shares of GRUPO TELEVISA, S.A.B. Specifically, one CPO corresponds to twenty-five Series A, twenty-two Series B, thirty-five Series L, and thirty-five Series D shares.
What role does the Stock Purchase Plan trust play in these GRUPO TELEVISA (TV) transactions?
The trust that administers the Stock Purchase Plan for Directors acts on his behalf. At vesting, it sells a portion of CPOs to pay the Ps.1.60 per CPO purchase price and delivers the remaining CPOs to him, reflecting both payment and share delivery mechanics.
AI-generated analysis. How Rhea-AI works. Not financial advice.
