YPF Exec VP Santiago Martinez Tanoira Receives Stock Awards

What Happened

• Santiago Martinez Tanoira, YPF's Executive Vice President for LNG & Integrated Gas, was granted three share awards on October 1, 2026 totaling 115,000 award units (37,950; 37,950; 39,100). The filing lists these as awards (Form 4 transaction code A); no purchase price is reported because these are compensation awards rather than open‑market trades. Each award unit represents the right to receive one Class D common share (or, at the company’s discretion, one ADR) upon vesting.

Key Details

• Transaction date: 2026-10-01; transaction type: awards/grants (Code A); price: N/A (compensation awards).
• Award breakdown and vesting schedule (per filing footnotes):
  • 37,950 units — scheduled to vest July 2027 (F2)
  • 37,950 units — scheduled to vest July 2028 (F3)
  • 39,100 units — scheduled to vest July 2029 (F4)
• Awards are governed by YPF’s Long‑Term Incentive Share Award program; units convert to Class D shares or ADRs on vesting (F1).
• The amounts reported reflect the effect of a 10‑for‑1 stock split effective August 4, 2026 (F5).
• Shares owned after the transaction are not reported in this filing.
• Filing timeliness: report filed for period ending 2026-10-01; no late‑filing indication in the document.

Context

• These are grant awards (compensation), not open‑market purchases or sales, and vesting is contingent on continued employment through the stated vesting dates. Such awards are common for executive compensation and do not, by themselves, indicate a buy or sell decision in the market.