Zuccotti Patricia L 4
4 · Brookfield Business Corp · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Brookfield Business (BBU) Director Patricia Zuccotti Disposes Units
What Happened
Patricia L. Zuccotti, a director of Brookfield Business Corp (BBU), reported dispositions on March 27, 2026: 4,961 BBU units and 3,235 BBHC exchangeable shares (reported as a derivative disposition). These were not open‑market sales for cash; they were transferred to the issuer under a court‑approved plan of arrangement. The filing lists prices and total cash values as N/A because the holdings were converted/exchanged as part of the corporate reorganization.
Key Details
- Transaction date: 2026-03-27. Form filed: 2026-03-31. The Form 4 does not mark the filing as late.
- Reported transactions: Disposition to issuer (code D) — 4,961 shares (BBU units) and 3,235 shares (derivative: BBHC exchangeable shares).
- Price / cash proceeds: N/A — the units/shares were exchanged under the Arrangement rather than sold for cash.
- Shares owned after the transaction: Not specified in the filing.
- Footnotes: The transactions occurred pursuant to a court‑approved arrangement (dated Nov 6, 2025) under which holders of BBU units and BBHC class A exchangeable shares received class A subordinated voting shares of the reorganized Brookfield Business Corporation on a one‑for‑one basis.
Context
This filing records a corporate reorganization exchange, not a routine insider sale. The derivative line reflects BBHC exchangeable shares that were previously exchangeable into BBU units; under the Arrangement they were converted into the new corporation's class A subordinated voting shares. Such disposition-to-issuer entries typically indicate conversion or surrender under a transaction, and do not by themselves signal insider sentiment about the company's stock.
Insider Transaction Report
- Disposition to Issuer
Non-Voting Limited Partnership Units
[F1]2026-03-27−4,961→ 0 total - Disposition to Issuer
Class A Exchangeable Subordinate Voting Shares
[F2][F1]2026-03-27−3,235→ 0 total→ Non-Voting Limited Partnership Units (3,235 underlying)
Footnotes (2)
- [F1]On March 27, 2026, pursuant to an arrangement agreement dated as of November 6, 2025, Brookfield Business Partners L.P. ("BBU"), Brookfield Business Holdings Corporation (formerly Brookfield Business Corporation) ("BBHC") and Brookfield Business Corporation (formerly 1559985 B.C. Ltd.) (the "Corporation") completed a court approved plan of arrangement under section 288 of the Business Corporations Act (British Columbia) (the "Arrangement"), pursuant to which, among other things, holders of non-voting limited partnership units of BBU (the "BBU Units") and holders of BBHC's class A exchangeable subordinate voting shares (the "BBHC Exchangeable Shares") received class A subordinated voting shares of the Corporation in exchange for their BBU Units and BBHC Exchangeable Shares on a one-for-one basis. As a result of the Arrangement, BBU and BBHC became subsidiaries of the Corporation. This Form 4 represents BBU Units and BBHC Exchangeable Shares transacted pursuant to the Arrangement.
- [F2]Represents BBHC Exchangeable Shares which, prior to the Arrangement, were exchangeable into BBU Units on a one-for-one basis (subject to adjustment to reflect certain capital events) or its cash equivalent (the form of payment to be determined at the election of BBU). Pursuant to the Arrangement, the BBHC Exchangeable Shares were exchanged for class A subordinated voting shares of the Corporation on a one-for-one basis.