Director's Holdings Adjusted Post-Merger with Net Share Disposition

summarizeSummary

A director's shareholdings were significantly adjusted due to a recent merger, resulting in a net disposition of shares in value terms, as reported in this Form 4.

check_boxKey Events · Ownership and Investor Activity · PAC

• Merger-Related Share Adjustments

  Director Laura Diez-Barroso Azcarraga reported significant changes to her holdings on May 6, 2026, stemming from a merger agreement. This included the acquisition of 70,658,488 shares (Series B and Series BB) for no cash consideration.

• Net Disposition of Shares

  Concurrently, 97,419,900 shares (Series B and Series BB) held indirectly by the director were cancelled and terminated as part of the merger. This resulted in a net disposition of shares in value terms, totaling approximately $538 million.

• Significant Change in Holdings

  The total value of shares involved in these merger-related transactions was over $10 billion, representing approximately 80.9% of the company's market capitalization, indicating a substantial restructuring of the director's reported ownership.

auto_awesomeAnalysis · PAC · Energy & Transportation

This Form 4 details the significant changes in Director Laura Diez-Barroso Azcarraga's shareholdings following a merger completed on May 6, 2026. The transactions involved the acquisition of Series B and Series BB shares for no cash consideration and the cancellation of other Series B and Series BB shares held indirectly. While not a discretionary open-market sale, the net disposition of shares in value terms, totaling approximately $538 million, represents a substantial adjustment to the director's reported stake as a result of the corporate restructuring.