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Televisa (NYSE: TV) Co-CEO gains major CPO awards and large mandatory convertible

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GRUPO TELEVISA, S.A.B. Co-CEO Bernardo Gómez reported compensation-related awards rather than market trades. He acquired indirect derivative interests over 12,574,570 and 12,066,300 CPO-linked units under long-term retention plans and 268,470 CPO-linked units under a stock purchase plan. He also acquired zero-coupon Mandatory Convertible Debentures that will convert in one year into 6,307,262,714 Series “A” shares at a stated conversion price of 0.0048 per share, with a total subscription price equivalent to 30,518,001 U.S. dollars, determined using a peso–dollar rate of 17.3498.

Positive

  • None.

Negative

  • None.
Insider Martinez Bernardo Gomez
Role Co-Chief Executive Officer
Type Security Shares Price Value
Grant/Award CPOs held in Stock Purchase Plan 268,470 $0.00 --
Grant/Award CPOs held in Long Term Retention Plan 12,066,300 $0.00 --
Grant/Award CPOs held in Long Term Retention Plan 12,574,570 $0.00 --
Grant/Award Mandatory Convertible Debentures 0 $30,518,001.00 --
Holdings After Transaction: CPOs held in Stock Purchase Plan — 268,470 shares (Indirect, Stock Purchase Plan); CPOs held in Long Term Retention Plan — 12,066,300 shares (Indirect, Long-Term Retention Plan); Mandatory Convertible Debentures — 6,307,262,714 shares (Direct, null)
Footnotes (1)
  1. The zero-coupon mandatory convertible debentures (obligaciones forzosamente convertibles or "Mandatory Convertible Debentures") do not accrue interest and will be mandatorily converted into Series "A" Shares of Grupo Televisa, S.A.B. Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.3498 Mexican Pesos per US dollar as of May 29, 2026. Represents the US dollar equivalent of the total subscription price of the Mandatory Convertible Debentures. The subscription price of the Mandatory Convertible Debentures was determined based on market price, taking into account the volume-weighted average trading price of the ordinary participation certificates ("CPOs") during the 30 calendar days prior to the issuance of the Mandatory Convertible Debentures, divided equally by the one hundred seventeen shares represented by each CPO (consisting of 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.). On the date that is one year following their issuance, the Mandatory Convertible Debentures will be mandatorily converted into Series "A" Shares. Each 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. Not applicable.
Long-Term Plan CPO units (1) 12,574,570 CPO-linked units Grant under Long-Term Retention Plan on June 5, 2026
Long-Term Plan CPO units (2) 12,066,300 CPO-linked units Grant under Long-Term Retention Plan on June 5, 2026
Stock Purchase Plan CPO units 268,470 CPO-linked units Grant under Stock Purchase Plan on June 5, 2026
Mandatory Convertible underlying shares 6,307,262,714 Series "A" shares Shares issuable on mandatory conversion one year after June 3, 2026
Mandatory Convertible subscription price $30,518,001 U.S. dollar equivalent of total subscription price
Conversion price per Series "A" share $0.0048 per share Conversion price for Mandatory Convertible Debentures
FX rate used 17.3498 MXN per USD Currency conversion rate as of May 29, 2026
Mandatory Convertible Debentures financial
"The zero-coupon mandatory convertible debentures ("Mandatory Convertible Debentures") do not accrue interest"
zero-coupon financial
"The zero-coupon mandatory convertible debentures ... do not accrue interest"
volume-weighted average trading price financial
"taking into account the volume-weighted average trading price of the ordinary participation certificates"
Volume-weighted average trading price (VWAP) is the average price of a stock over a trading period, where each trade’s price is weighted by how many shares changed hands, so big trades move the average more than small ones. Investors use VWAP as a benchmark to tell whether they bought or sold at a good price compared with the market’s trading activity—like checking if your grocery bill was close to the store’s typical daily average when many customers shopped.
ordinary participation certificates ("CPOs") financial
"the volume-weighted average trading price of the ordinary participation certificates ("CPOs")"
Series "A" Shares financial
"will be mandatorily converted into Series "A" Shares of Grupo Televisa, S.A.B."
subscription price financial
"Represents the US dollar equivalent of the total subscription price of the Mandatory Convertible Debentures."
Subscription price is the set amount an investor pays to buy newly issued shares, bonds or units when a company offers them directly, such as in a rights issue or subscription offering. It matters because it determines how much an investor’s ownership cost will be, affects potential gains or losses and influences dilution of existing shareholders—think of it as a pre-order price that helps decide whether joining the new issue is worthwhile.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Martinez Bernardo Gomez
(Last)(First)(Middle)
C/O GRUPO TELEVISA, S.A.B.
AV. VASCO DE QUIROGA NO. 2000
(Street)
MEXICO CITY01210
(City)(State)(Zip)
MEXICO
(Country)		2. Issuer Name and Ticker or Trading Symbol
GRUPO TELEVISA, S.A.B. [ TV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Co-Chief Executive Officer
2a. Foreign Trading Symbol
[TLEVISACPO.MX]
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Mandatory Convertible Debentures(1)$0.0048(2)(4)(5)06/03/2026A$30,518,001(2)(3)(4)06/03/2027 (5)Series "A" Shares(1)(5)6,307,262,714$30,518,001(2)(3)(4)(5)6,307,262,714D
CPOs held in Stock Purchase Plan(6)$0.09(2)06/05/2026A268,47004/10/2027 (7)CPOs(6)268,470$0(2)268,470IStock Purchase Plan(6)
CPOs held in Long Term Retention Plan(6)$0.09(2)06/05/2026A12,066,30004/10/202904/10/2032CPOs(6)12,066,300$0(2)12,066,300ILong-Term Retention Plan
CPOs held in Long Term Retention Plan(6)$0.59(2)06/05/2026A12,574,57004/10/202904/10/2032CPOs(6)12,574,570$0(2)12,574,570ILong-Term Retention Plan
Explanation of Responses:
1. The zero-coupon mandatory convertible debentures (obligaciones forzosamente convertibles or "Mandatory Convertible Debentures") do not accrue interest and will be mandatorily converted into Series "A" Shares of Grupo Televisa, S.A.B.
2. Reflects conversion from Mexican pesos into US dollars based on the currency conversion rate of 17.3498 Mexican Pesos per US dollar as of May 29, 2026.
3. Represents the US dollar equivalent of the total subscription price of the Mandatory Convertible Debentures.
4. The subscription price of the Mandatory Convertible Debentures was determined based on market price, taking into account the volume-weighted average trading price of the ordinary participation certificates ("CPOs") during the 30 calendar days prior to the issuance of the Mandatory Convertible Debentures, divided equally by the one hundred seventeen shares represented by each CPO (consisting of 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.).
5. On the date that is one year following their issuance, the Mandatory Convertible Debentures will be mandatorily converted into Series "A" Shares.
6. Each 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.
7. Not applicable.
/s/ Bernardo Gomez Martinez06/05/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Grupo Televisa (TV) Co-CEO Bernardo Gómez report in this Form 4?

Bernardo Gómez reported awards of derivative interests tied to CPOs and Mandatory Convertible Debentures. These are compensation-style acquisitions, not open-market trades, and increase his exposure to Grupo Televisa equity through company plans and a large mandatory conversion instrument.

How many CPO-linked units did Bernardo Gómez receive in Grupo Televisa (TV) plans?

He received 12,574,570 and 12,066,300 CPO-linked derivative units in Long-Term Retention Plans and 268,470 CPO-linked units in a Stock Purchase Plan. All are reported as indirect holdings associated with these compensation and participation programs, not direct market purchases or sales.

What are the key terms of the Mandatory Convertible Debentures reported for Grupo Televisa (TV)?

The zero-coupon Mandatory Convertible Debentures will mandatorily convert into 6,307,262,714 Series “A” shares one year after issuance. They carry a conversion price of 0.0048 per share and a total subscription price equivalent to 30,518,001 U.S. dollars based on a stated FX rate.

Do the Mandatory Convertible Debentures for Grupo Televisa (TV) pay interest?

They are described as zero-coupon Mandatory Convertible Debentures, meaning they do not accrue interest. Instead, on the date that is one year following their issuance, they will be mandatorily converted into Series “A” shares of Grupo Televisa, S.A.B. as disclosed.

How is the subscription price for Grupo Televisa (TV) Mandatory Convertible Debentures determined?

The subscription price reflects the U.S. dollar equivalent of the total subscription amount, translated using a 17.3498 peso-per-dollar rate. It was determined based on market price using the 30-day volume-weighted average CPO trading price, divided by the 117 shares represented by each CPO.