CEMEX EVP Luis Echavez Receives Award; Shares Withheld for Taxes

What Happened

• Luis Echavez Hernandez, EVP Digital and Organizational Development at CEMEX SAB DE CV (CX), received 413,680 Ordinary Participation Certificates (OPCs) as a compensation award/vesting on Aug 14, 2026 (code A). Simultaneously, 144,800 OPCs were disposed/withheld to satisfy tax obligations (code F) at a reported price of $12.13 per share, producing proceeds of $1,756,424. The award shares show a $0 acquisition price (standard for vesting awards).

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (filed within the required two-business-day window).
• Award: 413,680 OPCs acquired at $0.00 (vesting of compensation).
• Tax withholding/disposal: 144,800 OPCs disposed at $12.13, netting $1,756,424.
• Footnote: 403,300 OPCs vested from the 2023 compensation plan; an additional 10,380 OPCs were granted as technical adjustments for tax payment and/or cash dividend (total = 413,680).
• ADS conversion: Each ADS represents 10 OPCs — award = 41,368 ADSs; withheld = 14,480 ADSs.
• Post-transaction holdings: Not specified in the provided filing details.
• Transaction codes: A = award/grant; F = tax withholding (shares withheld to cover tax liability).

Context

• This was a compensation vesting event with routine tax withholding rather than an open-market sale or purchase. The withheld/disposed shares were used to pay taxes on the newly vested award (a common, administrative action), so it should be interpreted as tax-related disposition rather than a directional bet on the stock.