Earnings Feed
Start Free
MEXICAN ECONOMIC DEVELOPMENT INC·4

Apr 10, 2:51 PM ET

garza garza Alfonso 4

Research Summary

AI-generated summary

Updated

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.