Espinosa Paz Josefina 4

What Happened Espinosa Paz, Josefina (Director) received an award of 1,089 shares of Pampa Energy Inc. common stock on 2026-03-25. The reported acquisition price is $0.00, so the filing shows a grant/award (code A) rather than a cash purchase or sale; the reported total value for the transaction is $0. This is a compensation grant under the issuer’s equity compensation plan, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-25 (report filed 2026-04-01; Period of Report: 2026-03-25)
• Transaction type/code: Grant/Award (A) — 1,089 shares acquired at $0.00
• Reported transaction value: $0 (reflects acquisition price reported, not market value)
• Shares owned after transaction: not specified in the filing
• Footnote: filing states the award is made under the issuer’s equity compensation plan
• Timeliness: filing shows no late-filing flag

Context Grants of shares under an equity compensation plan are common forms of director and employee compensation; they represent remuneration rather than an outright purchase that might signal conviction. The filing does not disclose vesting terms or whether any withholding occurred; retail investors should not infer trading intent from a routine award.