LACEY JOHN STEWART 4
4 · Brookfield Business Corp · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Brookfield Business (BBU) Director Lacey Stewart Disposes Units
What Happened Lacey John Stewart, a director, reported dispositions on March 27, 2026: 18,700 BBU units and 9,350 BBHC exchangeable shares (reported as a derivative disposition). No cash price or dollar value is reported — these were converted/exchanged as part of a court‑approved plan of arrangement that converted BBU units and BBHC exchangeable shares into class A subordinated voting shares of Brookfield Business Corporation on a one‑for‑one basis.
Key Details
- Transaction date: March 27, 2026; Form 4 filed March 31, 2026 (not indicated as late).
- Transaction type: Disposition to the issuer (code D). Prices and cash values are listed as N/A because the transfers occurred under the restructuring/arrangement.
- Shares involved: 18,700 BBU units (non‑voting limited partnership units) and 9,350 BBHC exchangeable shares (derivative).
- Shares owned after the transaction: Not specified in the provided filing.
- Footnotes: F1/F2 — transactions reflect a court‑approved arrangement (Nov 6, 2025 arrangement agreement) under which BBU units and BBHC exchangeable shares were exchanged one‑for‑one for class A subordinated voting shares of the newly formed Brookfield Business Corporation.
Context This was a corporate reorganization/conversion, not an open‑market sale. The disposition reflects replacement of prior BBU/BBHC securities with shares of the Corporation under the arrangement and does not by itself signal insider buying or selling sentiment. The derivative line (9,350) represents exchangeable shares that were converted under the arrangement.
Insider Transaction Report
- Disposition to Issuer
Non-Voting Limited Partnership Units
[F1]2026-03-27−18,700→ 0 total - Disposition to Issuer
Class A Exchangeable Subordinate Voting Shares
[F2][F1]2026-03-27−9,350→ 0 total→ Non-Voting Limited Partnership Units (9,350 underlying)
Footnotes (2)
- [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]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.