YPF CEO Marin Horacio Daniel Receives Award, Withholds Shares

What Happened Marin Horacio Daniel, YPF S.A. Board Chairman and CEO, received a long‑term incentive award of 542,205 shares on 2026-08-31 (reported on Form 4 filed 2026-09-02). The award is reported at a per‑share price of $7,983.00 for a total value of $4,328,422,515. At vesting, 189,772 shares were surrendered/withheld to cover tax withholding obligations (reported as a disposition) at the same per‑share amount, valued at $1,514,949,876. The award (A) is an acquisition; the withheld shares (F) reflect tax payment related to the vesting.

Key Details

• Transaction date: 2026-08-31; Form 4 filed: 2026-09-02.
• Award: 542,205 shares @ $7,983.00 — total value reported $4,328,422,515 (code A).
• Tax withholding/share surrender: 189,772 shares @ $7,983.00 — total value reported $1,514,949,876 (code F).
• Shares owned after the transactions: not specified in the provided summary.
• Footnotes: (1) A 10‑for‑1 stock split effective Aug 4, 2026 is reflected in the reported share counts. (2) The 189,772‑share disposition was to satisfy tax withholding on the vested long‑term incentive award (Programa de Retribucion a Largo Plazo).

Context This filing documents an equity award vesting under YPF’s long‑term incentive program and a common cashless/withholding arrangement to pay taxes — not a market sale for cash. Awards are acquisitions (potentially bullish as a retention/compensation tool), while withholding is routine and doesn’t necessarily indicate a deliberate sale of additional shares.