garza garza Alfonso 4
4 · MEXICAN ECONOMIC DEVELOPMENT INC · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Mexican Economic Development (FMX) Director Alfonso Garza Garza Sells Shares
What Happened
Alfonso Garza Garza, a director of Mexican Economic Development Inc. (FMX), sold a total of 209,259 shares in four open‑market transactions between March 24 and March 27, 2026. The individual trades were: 52,316 shares @ $10.79 (≈ $564,537); 52,316 shares @ $11.07 (≈ $578,971); 52,316 shares @ $11.04 (≈ $577,726); and 52,311 shares @ $11.19 (≈ $585,308). Total proceeds across the four sales were about $2,306,542. These were sales (code S), which are often routine dispositions and do not by themselves indicate the director’s view on company prospects.
Key Details
- Transaction dates and prices:
- 2026-03-24: 52,316 shares @ $10.79 — $564,537
- 2026-03-25: 52,316 shares @ $11.07 — $578,971
- 2026-03-26: 52,316 shares @ $11.04 — $577,726
- 2026-03-27: 52,311 shares @ $11.19 — $585,308
- Total sold: 209,259 shares for ~ $2.31M.
- Filing date: Form 4 was filed on 2026-04-10 for trades occurring Mar 24–27, 2026 (the filing date is about two weeks after the transactions and may be later than the standard two-business-day reporting window).
- Shares owned after transaction: Not specified in the provided summary.
- Notable footnotes from the filing:
- F1: Transactions were executed in Mexican pesos; a USD conversion rate of MXN 17.3627 = $1.00 was used for reporting.
- F2–F3: Reported securities are held in unit forms (BD Units and B Units), where each BD Unit or B Unit represents multiple underlying series shares.
- F4–F5: Some securities are held in trusts (BBVA Mexico trust and an irrevocable Voting Trust) in which the reporting person is a participant; beneficial ownership and voting power are shared among trust participants.
- The reporting person disclaims additional pecuniary interests beyond those related to securities contributed to the Voting Trust (per the filing).
Context
- These were open‑market sales (not option exercises or gifts). Sales by insiders can be routine (for liquidity, diversification, tax planning, or other personal reasons); they should not be interpreted alone as a signal of company fundamentals.
- The unitized structure (BD/B Units) and trust holdings mean the reported units represent multiple underlying share classes and that voting/dispositive rights may be shared.
Insider Transaction Report
Form 4
garza garza Alfonso
Director
Transactions
- Sale
BD Units
[F1][F2]2026-03-24$10.79/sh−52,316$564,537→ 1,285,396 total - Sale
BD Units
[F1][F2]2026-03-25$11.07/sh−52,316$578,971→ 1,233,080 total - Sale
BD Units
[F1][F2]2026-03-26$11.04/sh−52,316$577,726→ 1,180,764 total - Sale
BD Units
[F1][F2]2026-03-27$11.19/sh−52,311$585,308→ 1,128,453 total
Holdings
- 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 17.3627 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.
Signature
Sergio Rodriguez Perez, Attorney in Fact|2026-04-09