YPF VP Andres Scarone Receives Award, Sells Shares for Taxes

What Happened
Andres Marcelo Scarone, Vice‑President of New Energies at YPF S.A., received a long‑term incentive share award of 79,505 shares on 2026‑08‑31 (reported as Code A) at an attributable per‑share value of $7,983.00 (total ~$634,688,415). To cover withholding tax obligations on the vesting, 27,827 of those shares were surrendered/withheld (Code F) at the same per‑share value (total ~$222,142,941), leaving a net 51,678 newly retained shares from this award.

Key Details

• Transaction date: 2026‑08‑31; filing date: 2026‑09‑02 (reported on Form 4).
• Award: 79,505 shares @ $7,983.00 each = $634,688,415 (Code A).
• Tax withholding/disposition: 27,827 shares @ $7,983.00 each = $222,142,941 (Code F).
• Net shares retained from this vesting: 79,505 − 27,827 = 51,678 shares.
• Footnotes: F1 — a 10‑for‑1 stock split effective Aug 4, 2026; reported counts reflect the split. F2 — the withheld shares were to satisfy tax withholding for the Long‑Term Incentive Share Award (Programa de Retribución a Largo Plazo).
• Shares owned after the transaction are not specified in the provided excerpt.
• Filing timing: reported three days after the vesting date (appears timely for a Form 4 filing).

Context
This was a compensation-related award and a routine tax‑withholding disposition, not an open‑market sale or purchase. Such withholdings are common when restricted shares or similar awards vest — the company or insider surrenders shares to cover taxes (a cashless withholding), so it does not necessarily signal any change in the insider’s market view.