Hamill David John 4
4 · Brookfield Business Corp · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Brookfield Business (BBU) Director David Hamill Surrenders 16,336 Shares
What Happened
David John Hamill, a director, reported dispositions to the issuer on March 27, 2026 totaling 16,336 BBU-related units/shares. The filing shows two dispositions: 12,441 shares (non-derivative) and 3,895 shares (derivative). No per-share price or total dollar value is reported (listed as N/A). These were not open-market sales but transfers occurring as part of a court‑approved corporate arrangement converting BBU units and BBHC exchangeable shares into class A subordinated voting shares of the reorganized corporation.
Key Details
- Transaction date: March 27, 2026; Form 4 filed March 31, 2026 (filed within the typical 2-business-day window).
- Dispositions reported: 12,441 (non-derivative) and 3,895 (derivative) — total 16,336.
- Prices / values: Not disclosed on the Form 4 (N/A).
- Derivative note: the 3,895 shares represent BBHC exchangeable shares (previously exchangeable into BBU units) that were exchanged in the Arrangement.
- Holdings after transaction: Not specified in the Form 4.
- Holdings vehicle: Some holdings reported as held through Auraway Pty Ltd (per footnote).
Context
These dispositions arise from a court‑approved plan of arrangement (effective March 27, 2026) under which holders of BBU limited partnership units and BBHC exchangeable shares received class A subordinated voting shares of the reorganized Brookfield Business Corporation on a one‑for‑one basis. Because the transfers were part of a corporate reorganization (an issuance/exchange with the issuer), they are procedural corporate-conversion transactions rather than routine market sales or purchases; they don’t necessarily indicate insider sentiment about the company.
Insider Transaction Report
- Disposition to Issuer
Non-Voting Limited Partnership Units
[F1][F2]2026-03-27−12,441→ 0 total(indirect: See Footnote) - Disposition to Issuer
Class A Exchangeable Subordinate Voting Shares
[F3][F1][F2]2026-03-27−3,895→ 0 total(indirect: See Footnote)→ Non-Voting Limited Partnership Units (3,895 underlying)
Footnotes (3)
- [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 Auraway Pty Ltd.
- [F3]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.