Zuberbuhler Adolfo Fernando 4

What Happened

• Adolfo Zuberbuhler, Chief Financial Officer of Pampa Energy Inc. (PAM), was granted/acquired 12,923 shares as a derivative award on March 27, 2026. The filing reports an acquisition value of $88.17 per share, for a total reported value of $1,139,382. This transaction is coded "A" (award/grant/other acquisition), not a sale.

Key Details

• Transaction date: 2026-03-27; Form 4 filed: 2026-03-30 (appears timely).
• Reported price: $88.17 per share; reported aggregate value: $1,139,382.
• Transaction type: A (award/grant/other acquisition) — listed as a derivative.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: The per-share USD price reflects conversion from Argentine pesos — 4,955 ARS per share converted at 1,405 ARS/USD, then multiplied by 25 to reflect the common-share-to-ADR ratio (see filing footnote).

Context

• This was an awarded/acquired derivative position (likely ADR-linked compensation), not an open-market purchase or sale. The filing does not state whether the award is subject to vesting, restrictions, or immediate sale, so it should be treated as compensation-related acquisition rather than a personal market-timing trade.