garza garza Alfonso 4
4 · MEXICAN ECONOMIC DEVELOPMENT INC · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
FMX Director Alfonso Garza Garza Sells Shares
What Happened
Alfonso Garza Garza, a director of Mexican Economic Development Inc. (ticker: FMX), sold a total of 209,264 shares in four open-market transactions between March 18 and March 23, 2026. Each sale was for 52,316 shares at the following prices and gross amounts: $10.60 (≈ $554,435), $10.56 (≈ $552,352), $10.26 (≈ $536,903), and $10.31 (≈ $539,205) — about $2.18 million total. These were sales (dispositions), which are often routine insider liquidity events rather than signals of company performance.
Key Details
- Transaction dates and prices:
- 2026-03-18: 52,316 shares @ $10.60 — $554,435
- 2026-03-19: 52,316 shares @ $10.56 — $552,352
- 2026-03-20: 52,316 shares @ $10.26 — $536,903
- 2026-03-23: 52,316 shares @ $10.31 — $539,205
- Total shares sold: 209,264; approximate total proceeds: $2,182,895.
- Filing: Form 4 filed March 25, 2026, covering transactions dated March 18–23, 2026. The filing does not indicate a late-filing flag.
- Shares owned after the transactions: Not specified in the provided filing details.
- Notable footnotes:
- F1: Transactions were carried out in Mexican pesos; conversion used MXN 17.7782 = USD 1.00.
- F2–F3: Reported securities are held as BD Units or B Units (each BD Unit = 1 Series B + 2 Series D-B + 2 Series D-L; each B Unit = 5 Series B shares).
- F4–F5: Some securities are held in trusts (BBVA Mexico Trust No. F/4112454 and Invex Voting Trust No. 463). The reporting person disclaims pecuniary interests other than interests from securities contributed to the voting trust.
Context
These were open-market sales (code S) by a company director. Sales can be routine (liquidity or portfolio management) and do not, by themselves, indicate insider knowledge about future company performance. The filing shows the holdings are structured as unitized securities and held in trusts, which can affect how beneficial ownership and voting/dispositive power are reported.
Insider Transaction Report
- Sale
BD Units
[F1][F2]2026-03-18$10.60/sh−52,316$554,435→ 1,494,660 total - Sale
BD Units
[F1][F2]2026-03-19$10.56/sh−52,316$552,352→ 1,442,344 total - Sale
BD Units
[F1][F2]2026-03-20$10.26/sh−52,316$536,903→ 1,390,028 total - Sale
BD Units
[F1][F2]2026-03-23$10.31/sh−52,316$539,205→ 1,337,712 total
- 3,826,577(indirect: By Trust)
B Units
[F3][F4] - 4,840
B Units
[F3] - 1,384,426,997(indirect: By Trust)
B Units
[F3][F5] - 2,470,657(indirect: By Trust)
BD Units
[F2][F4]
Footnotes (5)
- [F1]This transaction was carried out in Mexican pesos. For purposes of this Form 4, a conversion rate of MXN 17.7782 for each USD $1.00 was used.
- [F2]The securities reported herein are held in the form of BD Units. Each BD Unit consists of one Series B Share, two Series D-B Shares and two Series D-L Shares, without par value ("Series D-B Shares" and "Series D-L Shares", respectively).
- [F3]The securities reported herein are held in the form of B Units. Each B Unit consists of five Series B Shares, without par value ("Series B Shares").
- [F4]These securities are held for the benefit of the reporting person by BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico, Trust No. F/4112454, a trust in which the reporting person is participant, along with other family members.
- [F5]These securities are held by Banco Invex, S.A. Institucion de Banca Multiple, Invex Grupo Financiero, Trust No. 463 (the "Voting Trust"), an irrevocable voting trust in which the reporting person is a trust participant. Each of the trust participants is deemed to have beneficial ownership with shared voting power over the securities deposited in the Voting Trust. The reporting person hereby disclaims having any pecuniary interests derived from the beneficial ownership of any securities (with shared voting power and with shared dispositive power) other than pecuniary interests derived by the reporting person's securities contributed directly or indirectly to the Voting Trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. For more information, see Item 7 of Fomento Economico Mexicano, S.A.B. de C.V.'s Annual Report on Form 20-F filed on April 24, 2025.