Echavez Hernandez Luis 4
Research Summary
AI-generated summary
CEMEX EVP Luis Echavez Receives 81,733 Shares; 35,694 Withheld
What Happened
- Luis Echavez, EVP Digital and Organizational Development at CEMEX (CX), received a grant/award of 81,733 American Depositary Shares (ADS) on June 15, 2026 under company compensation plans. To satisfy tax withholding obligations, 35,694 ADS were disposed (code F) at $12.25 per ADS for total proceeds of $437,252. The award shows $0 purchase price (compensation award).
Key Details
- Transaction dates: June 15, 2026 (reported on Form 4 filed June 17, 2026)
- Award (A): 81,733 ADS acquired at $0.00 (compensation grant)
- Tax withholding/disposition (F): 35,694 ADS disposed at $12.25 each; proceeds $437,252
- Footnote: 80,233 ADS vested from the 2023–2025 compensation plans and 1,500 ADS were granted as a technical adjustment related to a cash dividend (total 81,733 ADS)
- Shares owned after transaction: not specified in the provided filing summary
- Timeliness: Form 4 filed two days after the transaction date (appears to be within the normal reporting window)
Context
- This filing reflects a routine compensation vesting and a tax-withholding disposition, not an open-market purchase or directional trade. Such withholdings are common when restricted shares/awards vest and do not by themselves indicate managerial buying or selling intent.