Brookfield Business (BBU) director logs issuer dispositions in court-approved reorganization
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brookfield Business Corp director David John Hamill reported issuer-driven restructurings of his indirect holdings. On March 27, 2026, interests held through Auraway Pty Ltd disposed of 3,895 Class A Exchangeable Subordinate Voting Shares and 12,441 Non-Voting Limited Partnership Units, both at a stated price of $0.00 per unit, leaving zero reported holdings of these securities.
These transactions occurred under a court approved plan of arrangement implemented pursuant to an agreement dated November 6, 2025 among Brookfield Business Partners L.P., Brookfield Business Holdings Corporation and Brookfield Business Corporation. As part of this Arrangement, holders of BBU units and BBHC exchangeable shares received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis, and BBU and BBHC became subsidiaries of the Corporation.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hamill David John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Exchangeable Subordinate Voting Shares | 3,895 | $0.00 | -- |
| Disposition | Non-Voting Limited Partnership Units | 12,441 | $0.00 | -- |
Holdings After Transaction:
Class A Exchangeable Subordinate Voting Shares — 0 shares (Indirect, See Footnote);
Non-Voting Limited Partnership Units — 0 shares (Indirect, See Footnote)
Footnotes (1)
- 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. Held through Auraway Pty Ltd. 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.
Key Figures
Class A Exchangeable Shares disposed: 3,895 shares
Non-Voting LP Units disposed: 12,441 units
Post-transaction holdings (each class): 0 shares/units
+1 more
4 metrics
Class A Exchangeable Shares disposed
3,895 shares
Issuer disposition on March 27, 2026; price $0.00
Non-Voting LP Units disposed
12,441 units
Issuer disposition on March 27, 2026; price $0.00
Post-transaction holdings (each class)
0 shares/units
Total shares following transaction for both reported securities
Arrangement agreement date
November 6, 2025
Date of agreement leading to court approved plan of arrangement
Key Terms
court approved plan of arrangement, non-voting limited partnership units, Class A Exchangeable Subordinate Voting Shares, Business Corporations Act (British Columbia), +1 more
5 terms
court approved plan of arrangement regulatory
"completed a court approved plan of arrangement under section 288"
non-voting limited partnership units financial
"holders of non-voting limited partnership units of BBU (the "BBU Units")"
Business Corporations Act (British Columbia) regulatory
"under section 288 of the Business Corporations Act (British Columbia)"
A provincial law that sets the rules for forming, managing and winding up corporations registered in British Columbia, including how directors and shareholders must act, what information companies must disclose, and how disputes are handled. Investors care because it provides a predictable rulebook — like referees and play-by-play rules in a game — that protects shareholder rights, clarifies management duties and disclosure obligations, and therefore affects a company’s legal risk and investment value.
issuer disposition financial
"transaction_action": "issuer disposition""
FAQ
What insider transactions did Brookfield Business Corp (BBU) report for David John Hamill?
Brookfield Business Corp reported that director David John Hamill, through Auraway Pty Ltd, disposed of 3,895 Class A Exchangeable Subordinate Voting Shares and 12,441 Non-Voting Limited Partnership Units. Both were issuer dispositions at a stated price of $0.00 per unit, leaving no reported holdings of these securities.
Were the Brookfield Business Corp (BBU) insider transactions open-market sales?
No, the transactions were coded as issuer dispositions, not open-market sales. The reported price per unit was $0.00, indicating they formed part of a corporate restructuring under a court approved plan of arrangement rather than discretionary trades in the market.
What corporate restructuring affected Brookfield Business Corp (BBU) units and exchangeable shares?
A court approved plan of arrangement under the Business Corporations Act (British Columbia) affected BBU units and BBHC exchangeable shares. Holders received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis, and BBU and BBHC became subsidiaries of Brookfield Business Corporation.