CEMEX Director Rogelio Zambrano Receives Award, Sells Shares for Taxes

What Happened Rogelio Zambrano, a director of CEMEX SAB DE CV (CX), received 1,828,640 Ordinary Participation Certificates (OPCs) as a compensation award/vesting on August 14, 2026 (reported as an award at $0.00). To cover tax obligations, 640,030 OPCs were surrendered/withheld (reported as a disposition) at $12.13 per share, generating proceeds of $7,763,564. The award consisted of 1,782,730 OPCs that vested under a 2023 compensation plan plus 45,910 OPCs granted as a technical adjustment for tax payment and/or cash dividend.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (filed 4 days after the transaction; Form 4 typically due within 2 business days).
• Award (code A): 1,828,640 OPCs @ $0.00 (vesting/grant).
• Tax withholding/payment (code F): 640,030 OPCs disposed @ $12.13 = $7,763,564.
• Shares owned after transaction: not stated in the filing.
• Footnotes: F1 — 1,782,730 OPCs vested from 2023 plan and 45,910 OPCs were a technical adjustment; F2 — OPCs may be represented by American Depositary Shares (ADS), with 1 ADS = 10 OPCs (so award equals 182,864 ADS; withheld equals 64,003 ADS, if ADS representation applies).
• Nature of disposition: tax withholding/cashless surrender to satisfy tax liability (routine).

Context This filing reflects a compensation vesting event with shares withheld to cover taxes rather than an open-market sale. Such withholding is common after equity grants and does not necessarily signal the director’s view of the company’s prospects. The award was non‑cash (priced at $0.00) and the disposition was a tax-related surrender under the issuer’s plan.