Brookfield Business Corp (BBU) CEO records units in court approved share exchange
Rhea-AI Filing Summary
Brookfield Business Corp Chief Executive Officer Anuj Ranjan filed a Form 4 reflecting an internal restructuring of his interests tied to Brookfield Business Partners L.P. and Brookfield Business Holdings Corporation. The filing notes that no securities were beneficially owned by the reporting person before this Form 4.
On March 27, 2026, a court approved plan of arrangement under section 288 of the Business Corporations Act (British Columbia) was completed. Under this arrangement, holders of non-voting limited partnership units of Brookfield Business Partners and holders of Brookfield Business Holdings’ class A exchangeable subordinate voting shares received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis. This Form 4 records BBU Units and BBHC Exchangeable Shares transacted pursuant to that arrangement, and shows zero non-voting limited partnership units directly owned after the transaction, indicating an administrative restructuring rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ranjan Anuj
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-Voting Limited Partnership Units | -- | -- | -- |
Holdings After Transaction:
Non-Voting Limited Partnership Units — 0 shares (Direct)
Footnotes (2)
- F1. No securities were beneficially owned by the reporting person prior to the filing of this Form 4.
- F2. 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.
Key Figures
Total non-voting units after transaction: 0.0000 units
Exchange ratio: 1-for-1
Arrangement completion date: March 27, 2026
3 metrics
Total non-voting units after transaction
0.0000 units
Directly held following reported transaction
Exchange ratio
1-for-1
BBU Units and BBHC Exchangeable Shares to class A subordinated voting shares
Arrangement completion date
March 27, 2026
Court approved plan of arrangement under section 288
Key Terms
Non-Voting Limited Partnership Units, class A exchangeable subordinate voting shares, class A subordinated voting shares, court approved plan of arrangement, +1 more
5 terms
Non-Voting Limited Partnership Units financial
"holders of non-voting limited partnership units of BBU (the "BBU Units")"
court approved plan of arrangement regulatory
"completed a court approved plan of arrangement under section 288"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Brookfield Business Corp (BBU) CEO’s latest Form 4 report?
The Form 4 reports an administrative restructuring of interests tied to Brookfield Business Partners and Brookfield Business Holdings. It reflects units and exchangeable shares transacted under a court approved plan of arrangement, not open-market buying or selling by the CEO.
What corporate action is described in this Brookfield Business Corp (BBU) Form 4 footnote?
The footnote describes a court approved plan of arrangement completed on March 27, 2026. Under this arrangement, certain unit and share holders received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one exchange basis, and BBU and BBHC became its subsidiaries.
What exchange ratio is disclosed in the Brookfield Business Corp (BBU) Form 4?
The Form 4 states that holders of non-voting limited partnership units and class A exchangeable subordinate voting shares received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis, meaning each prior unit or exchangeable share was exchanged for one new share.
Did the Brookfield Business Corp (BBU) CEO own securities before this Form 4?
A footnote states that no securities were beneficially owned by the reporting person prior to filing this Form 4. The filing therefore primarily documents interests transacted pursuant to the court approved plan of arrangement rather than long-standing direct holdings.
How many non-voting limited partnership units does the Brookfield Business Corp (BBU) CEO report after the transaction?
The Form 4 entry for non-voting limited partnership units shows total shares following the transaction of 0.0000 held directly. This indicates no direct non-voting limited partnership units are reported in the CEO’s name after the arrangement-related transaction.