FOLCH VIADERO Salvi Rafael 4

What Happened

• Salvi Rafael Folch Viadero, a director of Grupo Televisa (TV), received a grant/award of 268,470 Certificados de Participación Ordinarias (CPOs) on 2026-06-08. The Form 4 reports the acquisition as transaction code "A" (award) with a reported price of $0.00 — this is recorded as a derivative award rather than an open-market purchase or sale.
• Each CPO represents multiple underlying ordinary shares (see Key Details), so the award corresponds to a large number of underlying shares even though the Form 4 lists no cash exchange.

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-09 (appears timely).
• Transaction type/code: A = Award/Grant (derivative).
• Amount: 268,470 CPOs; Reported price: $0.00 (acquired).
• Underlying share conversion (footnote F1): each CPO = 25 Series A + 22 Series B + 35 Series L + 35 Series D = 117 underlying ordinary shares per CPO. Total underlying shares represented by this award = 268,470 × 117 = 31,410,990 ordinary shares.
• Shares owned after transaction: not specified in the provided filing.
• Other footnotes: F2 notes MXN→USD conversion rate used (17.3498 MXN/USD as of 2026-05-29); F3 not applicable.

Context

• This filing documents a compensation/award to a director, which is common and does not itself indicate a buy or sell market signal. Derivative awards like CPO grants often vest over time or are subject to restrictions; the Form 4 shows the grant but not vesting details. Because the reported acquisition value is $0.00 on the Form 4, do not infer a market valuation from this form — check the company’s proxy statement or related filings for grant terms, vesting schedule, and potential dilution. Monitor future Form 4s for vesting events or subsequent sales.