YPF VP Guillermo Garat Receives Award; Withholds Shares for Taxes

What Happened

• Guillermo Jose Garat, Vice President of Corporate Affairs & Marketing at YPF S.A., received a long‑term incentive share award of 99,998 shares on 2026-08-31 (transaction code A) at an indicated price of $7,983.00 per share, valued at $798,284,034. On the same date he had 34,999 shares withheld (transaction code F) to satisfy tax withholding obligations related to the vesting; those withheld shares are reported at $7,983.00 per share, valued at $279,397,017.

Key Details

• Transaction date: 2026-08-31; Filing date (Form 4): 2026-09-02.
• Award: 99,998 shares @ $7,983.00/share = $798,284,034 (code A).
• Tax withholding disposition: 34,999 shares @ $7,983.00/share = $279,397,017 (code F).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: (F1) A 10-for-1 stock split was effective Aug 4, 2026 and reported share counts reflect the split. (F2) The disposition (F) represents payment of tax withholding tied to the Long‑Term Incentive Share Award (Programa de Retribucion a Largo Plazo).
• Filing timeliness: Form 4 was filed two days after the transaction date; this appears to meet the typical two‑business‑day Form 4 filing requirement.

Context

• This was not an open‑market sale but vesting of a long‑term incentive award with a portion of shares surrendered/withheld to cover taxes (a common, administrative disposition). Such withholding should not be interpreted the same as an intentional selling-for-profit transaction by the insider.