Mariani Gustavo 4

What Happened

• Gustavo Mariani, Vice President of Pampa Energy Inc. (PAM), reported two purchases totaling 50,000 shares. On 2026-05-07 he acquired 25,000 shares at $81.40 each ($2,035,000) and on 2026-05-08 he acquired 25,000 shares at $81.02 each ($2,025,500), for a combined cost of $4,060,500. The transactions are reported as purchases (code P — open market or private purchase), which are generally considered a direct purchase of stock.

Key Details

• Transaction dates & prices:
  • 2026-05-07: 25,000 shares @ $81.40 = $2,035,000
  • 2026-05-08: 25,000 shares @ $81.02 = $2,025,500
• Total shares purchased: 50,000; total value ≈ $4,060,500.
• Filing: Form 4 filed 2026-05-08. The filing date aligns with the reported transactions and appears to be timely.
• Shares owned after transaction: Not specified in the provided summary — see the Form 4 for the insider’s post-transaction holdings.
• Footnotes/plans: No 10b5-1 plan, tax-withholding, or other special footnotes were indicated in the provided data.

Context

• These were direct purchases (code P). Purchases by executives can signal confidence but do not by themselves prove future performance; they simply increase the insider’s stake. For full context, retail investors should check the Form 4 for post-transaction holdings and compare trade size to typical insider activity and the company’s market capitalization.