CEMEX (CX) President Alejandro Ramirez Cantu Receives Award; Sells Shares

What Happened

• Alejandro Alberto Ramirez Cantu, President of Cemex SCA&C, received 265,150 Ordinary Participation Certificates (OPCs) on August 14, 2026 as vested compensation from a 2023 plan. The filing shows an acquisition (award) of 265,150 shares at $0.00.
• On the same date, 97,900 OPCs were disposed (code F) to cover tax liabilities at a reported per-share value of $12.13, generating $1,187,527 in proceeds used for tax payment/withholding.

Key Details

• Transaction dates: August 14, 2026 (award vesting and tax withholding sale).
• Prices and totals: Award recorded at $0.00; 97,900 shares disposed at $12.13 each = $1,187,527.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: 245,430 OPCs vested from the 2023 compensation plan; an additional 19,720 OPCs were granted as technical adjustments for tax payment and/or cash dividend, totaling the reported 265,150 OPCs.
  • F2: Each American Depositary Share (ADS) represents 10 OPCs.
• Filing timeliness: Form filed Aug 18, 2026 for Aug 14 transactions — appears to be within the usual two-business-day Form 4 filing window.

Context

• This was not a market buy; the primary event was a compensation award vesting. The 97,900-share disposal was a routine tax-withholding/cashless settlement rather than a discretionary sale signaling investment decisions.
• For ADS holders, the award and withholding amounts convert at 10 OPCs per ADS (e.g., 265,150 OPCs = 26,515 ADSs).