Marcos Mindlin’s purchase raises direct holdings to over 23 million shares, though transaction size remains below historical averages.
Pampa Energía S.A. (NYSE:PAM) chairman Marcos Marcelo Mindlin acquired 287,916 shares at $3.37 per share on June 26, according to an SEC filing. The purchase was made on the Argentine exchange and converted to USD using the day’s exchange rate.
Mindlin’s direct and reported holdings now exceed 23 million shares. The transaction is smaller than his historical mean of 1.61 million shares for sell transactions and follows prior reductions in direct holdings. The filing indicates the activity was limited to open-market purchases, with no derivative securities involved.
U.S.-listed PAM ADRs represent 25 of the shares Mindlin bought, but the filing did not disclose immediate market reaction data.