How do the YPF (YPF) long-term incentive share awards for Westen vest?

The share awards vest in three equal installments in July 2026, July 2027 and July 2028. Vesting is conditioned on continued employment through each vesting date, linking his compensation to YPF’s longer-term performance and his ongoing role at the company.

YPF VP reports initial share award holdings

YPF SOCIEDAD ANONIMA’s Strategy & New Business VP, Maximiliano Pedro Westen, has filed an initial ownership report.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

YPF SOCIEDAD ANONIMA’s Strategy & New Business VP, Maximiliano Pedro Westen, has filed an initial ownership report. He reports long-term incentive share awards tied to 12,400, 7,122 and 3,400 underlying Class D common shares, vesting in three equal installments in July 2026, 2027 and 2028, subject to continued employment, plus 10,674 Class D common shares held directly.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Westen Maximiliano Pedro

Role Strategy & New Bus. VP

Type	Security	Shares	Price	Value
holding	Long-Term Incentive Share Award	--	--	--
holding	Long-Term Incentive Share Award	--	--	--
holding	Long-Term Incentive Share Award	--	--	--
holding	Class D Common Stock	--	--	--

Holdings After Transaction: Long-Term Incentive Share Award — 22,922 contracts (Direct); Class D Common Stock — 10,674 shares (Direct)

Footnotes (1)

F1. Share awards are granted pursuant to YPF S.A.'s Long-Term Incentive Share Award (Programa de Retribucion a Largo Plazo). Each award unit represents the right to receive one Class D common stock of YPF S.A. (or, at the Company's discretion, one ADR) upon vesting. The awards vest in three equal installments in July 2026, 2027, and 2028, subject to continued employment through each vesting date.

FAQ

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

What does YPF (YPF) executive Maximiliano Pedro Westen report owning in this Form 3?

He reports long-term incentive share awards over 12,400, 7,122 and 3,400 underlying Class D common shares, plus 10,674 Class D common shares held directly. These figures show his initial equity-based alignment with YPF as Strategy & New Business Vice President.

What type of securities are reported for Westen in YPF (YPF) Form 3?

The filing lists Long-Term Incentive Share Awards, each unit representing one Class D common share of YPF or, at the company’s discretion, one ADR upon vesting. It also shows 10,674 Class D common shares held directly as of the reporting date.

Does Westen’s YPF (YPF) long-term incentive plan allow settlement in ADRs?

Yes. Each long-term incentive award unit represents the right to receive one Class D common share of YPF or, at the company’s discretion, one American Depositary Receipt (ADR) upon vesting. This structure offers flexibility in how the equity awards are ultimately delivered.

Is this YPF (YPF) Form 3 filing about new insider buying or selling?

No. This Form 3 is an initial statement of beneficial ownership that records existing holdings and long-term incentive share awards. The transactions are categorized as holdings, with no reported open-market purchases or sales in the summarized transaction data for this filing.

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

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Accepted by SEC EDGAR 03/17/2026 - 07:45 PM EDT

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Westen Maximiliano Pedro

(Last)

(First)

(Middle)

MACACHA GUEMES 515

(Street)

CABA

00000

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
YPF SOCIEDAD ANONIMA [ YPF ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Strategy & New Bus. VP

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class D Common Stock	10,674	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Long-Term Incentive Share Award⁽¹⁾	01/09/2026	⁽¹⁾	Class D Common Stock	12,400	⁽¹⁾	D
Long-Term Incentive Share Award⁽¹⁾	01/09/2027	⁽¹⁾	Class D Common Stock	7,122	⁽¹⁾	D
Long-Term Incentive Share Award⁽¹⁾	01/09/2028	⁽¹⁾	Class D Common Stock	3,400	⁽¹⁾	D

Explanation of Responses:

1. Share awards are granted pursuant to YPF S.A.'s Long-Term Incentive Share Award (Programa de Retribucion a Largo Plazo). Each award unit represents the right to receive one Class D common stock of YPF S.A. (or, at the Company's discretion, one ADR) upon vesting. The awards vest in three equal installments in July 2026, 2027, and 2028, subject to continued employment through each vesting date.

	Maximiliano Pedro Westen	03/17/2026
	** 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 5 (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.

Source: View Original Filing on SEC EDGAR