de la Fuente Mariana 4

What Happened
Mariana de la Fuente, HR Director of Pampa Energy Inc. (PAM), was reported to have received 21,587 derivative shares (grant/award) on 2026-03-10. The filing lists a per-unit value of $73,844.26, giving a total reported value of $1,594,076,041. This was recorded as an award/acquisition of derivative securities (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-31 (filed ~21 days after the transaction, which appears late for a Form 4 that is typically due within 2 business days).
• Amount acquired: 21,587 derivative shares at $73,844.26 per unit; total reported value $1,594,076,041.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 marked "not applicable." No 10b5-1, tax-withholding, or cashless-sale notes included in the filing.

Context
This was a grant of derivative securities (commonly RSUs, performance awards, or similar), not a cash purchase or sale. Such awards often vest over time or upon meeting performance conditions and do not necessarily indicate immediate buying or selling activity. Because the filing was submitted several weeks after the transaction date, investors may want to monitor subsequent filings for vesting details, exercises, or any related sales that clarify when (or if) these awards convert into common stock.