BLIDNER JEFFREY M 4
4 · Brookfield Business Corp · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Brookfield Business (BBU) Director Jeffrey Blidner Exchanges 52,783 Units
What Happened
- Jeffrey M. Blidner, a director of Brookfield Business Corp (BBU), recorded dispositions totaling 52,783 units/shares on March 27, 2026. The filing reports six dispositions (16,442; 8,340; 10,407; 8,221; 4,170; 5,203). No cash prices or proceeds are reported (N/A).
- These were not open‑market sales but dispositions to the issuer in connection with a court‑approved plan of arrangement. Under the Arrangement, holders of BBU non‑voting limited partnership units and BBHC class A exchangeable subordinate voting shares received class A subordinated voting shares of the new corporation on a one‑for‑one basis.
Key Details
- Transaction date: March 27, 2026; Form 4 filed March 31, 2026 (reports the March 27 transactions).
- Total disposed: 52,783 units/shares across six disposition entries. Reported price/proceeds: N/A (no cash sale reported).
- Shares owned after transaction: Not disclosed in the Form 4.
- Footnotes of note:
- F1: Dispositions arose from a court‑approved arrangement (Arrangement) completed March 27, 2026 converting BBU Units and BBHC Exchangeable Shares to class A subordinated voting shares on a one‑for‑one basis.
- F2/F3: Portions were held through Blidner Family Foundation and Jeffrey Blidner Ltd.
- F4: Some entries represent BBHC Exchangeable Shares (derivative) that were exchanged in the Arrangement.
- Filing timeliness: Form filed four days after the transactions; the filing does not indicate a late reporting penalty.
Context
- This is a corporate reorganization transaction (exchange into new corporation shares), not a market sale for cash; therefore it does not necessarily reflect a buy/sell sentiment by the insider.
- Some reported items are derivative/exchangeable shares that were converted under the Arrangement rather than exercised options or gifted shares.
Insider Transaction Report
Form 4Exit
BLIDNER JEFFREY M
Director
Transactions
- Disposition to Issuer
Non-Voting Limited Partnership Units
[F1]2026-03-27−16,442→ 0 total - Disposition to Issuer
Non-Voting Limited Partnership Units
[F1][F2]2026-03-27−8,340→ 0 total(indirect: See Footnote) - Disposition to Issuer
Non-Voting Limited Partnership Units
[F1][F3]2026-03-27−10,407→ 0 total(indirect: See Footnote) - Disposition to Issuer
Class A Exchangeable Subordinate Voting Shares
[F4][F1]2026-03-27−8,221→ 0 total→ Non-Voting Limited Partnership Units (8,221 underlying) - Disposition to Issuer
Class A Exchangeable Subordinate Voting Shares
[F4][F1][F2]2026-03-27−4,170→ 0 total(indirect: See Footnote)→ Non-Voting Limited Partnership Units (4,170 underlying) - Disposition to Issuer
Class A Exchangeable Subordinate Voting Shares
[F4][F1][F3]2026-03-27−5,203→ 0 total(indirect: See Footnote)→ Non-Voting Limited Partnership Units (5,203 underlying)
Footnotes (4)
- [F1]On March 27, 2026, pursuant to an arrangement agreement dated as of November 6, 2025, Brookfield Business Partners L.P. ("BBU"), Brookfield Business Holdings Corporation (formerly Brookfield Business Corporation) ("BBHC") and Brookfield Business Corporation (formerly 1559985 B.C. Ltd.) (the "Corporation") completed a court approved plan of arrangement under section 288 of the Business Corporations Act (British Columbia) (the "Arrangement"), pursuant to which, among other things, holders of non-voting limited partnership units of BBU (the "BBU Units") and holders of BBHC's class A exchangeable subordinate voting shares (the "BBHC Exchangeable Shares") received class A subordinated voting shares of the Corporation in exchange for their BBU Units and BBHC Exchangeable Shares on a one-for-one basis. As a result of the Arrangement, BBU and BBHC became subsidiaries of the Corporation. This Form 4 represents BBU Units and BBHC Exchangeable Shares transacted pursuant to the Arrangement.
- [F2]Held through Blidner Family Foundation.
- [F3]Held through Jeffrey Blidner Ltd.
- [F4]Represents BBHC Exchangeable Shares which, prior to the Arrangement, were exchangeable into BBU Units on a one-for-one basis (subject to adjustment to reflect certain capital events) or its cash equivalent (the form of payment to be determined at the election of BBU). Pursuant to the Arrangement, the BBHC Exchangeable Shares were exchanged for class A subordinated voting shares of the Corporation on a one-for-one basis.
Signature
/s/ Arin Jonathan Silber, Attorney-in-Fact|2026-03-31