BBB Foods Director Juan Pablo Cappello Sells 7,660 Shares Worth $312,000 for Taxes
Updated
Updated · Yahoo Finance · Aug 16
BBB Foods Director Juan Pablo Cappello Sells 7,660 Shares Worth $312,000 for Taxes
1 articles · Updated · Yahoo Finance · Aug 16
Summary
An Aug. 7 SEC filing showed Juan Pablo Cappello disposed of 7,660 BBB Foods shares at a weighted average $40.67, generating about $312,000.
The sale was non-discretionary and was executed to cover tax obligations tied to a stock-option exercise, not a shift in the director's view of the company.
Those exercised options were originally for Class C shares, which automatically converted one-for-one into Class A shares on Aug. 7 before the disposition.
Cappello still directly holds 97,295 Class A shares valued at about $3.97 million based on BBB Foods' $40.80 closing price that day.
BBB Foods, a Mexican discount grocer with a $4.7 billion market value, reported trailing 12-month revenue of $83.3 billion and a net loss of $3.3 billion.