YPF VP Marcelo Aldeco Receives Award; Shares Sold for Taxes

What Happened

• Aldeco Marcelo Gustavo, Vice President of Labor Relations at YPF S.A., was awarded 93,253 shares under the company’s long‑term incentive plan (reported as code A) on 2026-08-31 at $7,983.00 per share (total reported value $744,438,699). On the same date, 32,639 shares were surrendered to cover tax withholding (code F) at the same per‑share price (total reported value $260,557,137). Net retained from the award = 60,614 shares (net reported value ≈ $483,881,562), as reported.

Key Details

• Transaction date: August 31, 2026; Form 4 filed September 2, 2026 (appears timely).
• Award: 93,253 shares @ $7,983.00 = $744,438,699 (code A).
• Tax withholding/surrendered: 32,639 shares @ $7,983.00 = $260,557,137 (code F).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1—reported amounts reflect a 10‑for‑1 stock split effective Aug 4, 2026; F2—surrendered shares were payment of tax withholding for vesting under YPF’s Long‑Term Incentive Share Award.
• Transaction codes: A = award/grant (acquisition); F = payment of tax liability via surrendered shares (disposition).

Context

• This was a vesting/award event with shares withheld to pay taxes, not an open‑market sale. Surrendering shares to cover withholding is a routine administrative step and does not necessarily indicate a change in the insider’s view of the company. The large dollar amounts reflect the per‑share price reported and the size of the award; the filing does not show any separate market sale.