YPF VP Martin Alejandro Receives Award; Shares Withheld for Taxes

What Happened
Martin Mauricio Alejandro, YPF S.A.'s Midstream & Downstream Executive Vice President, received a long‑term incentive share award of 154,914 shares on 2026-08-31 (code A), valued at $7,983.00 per share (total ≈ $1,236,678,462). To cover tax withholding on the vesting, 54,220 of those shares were surrendered/withheld (code F) at the same per‑share amount (total ≈ $432,838,260), leaving a net issuance to him of 100,694 shares (≈ $803,840,202). The transactions reflect a 10-for-1 stock split effective August 4, 2026, per the filing.

Key Details

• Transaction date: 2026-08-31; price reported: $7,983.00 per share.
• Award: 154,914 shares (code A) — total value ≈ $1,236,678,462.
• Tax withholding: 54,220 shares surrendered (code F) — total ≈ $432,838,260.
• Net new shares to insider: 100,694 shares (≈ $803,840,202).
• Footnotes: F1 — counts reflect 10-for-1 stock split; F2 — withholding was to pay taxes on vesting under YPF’s Long‑Term Incentive Share Award program.
• Filing date: 2026-09-02 (filed two business days after the transaction date), which appears to be within the normal Form 4 reporting window.

Context
This was a vested equity award under YPF’s long‑term incentive plan, not an open‑market purchase or sale. The withheld shares were used to satisfy tax obligations related to the vesting (a common, administrative step). Such awards increase an insider’s stake (after withholding) but do not by themselves indicate a buying decision in the market.