Grant James Jason 4
4 · AZUL SA · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
AZUL (AZUL) Strategy Committee Member Grant James Jason Receives Award
What Happened
Grant James Jason, a member of AZUL's Strategy Committee, was granted 980,860 restricted common shares (transaction code A) on June 15, 2026. The grant was recorded at $0.00 per share (total reported value $0). Approximately 40% of the award vested on the grant date, with the remainder vesting in ~20% installments on May 5, 2027, May 5, 2028, and May 5, 2029, subject to continued service.
Key Details
- Transaction date: 2026-06-15; Form 4 filed 2026-06-17 (timely filing).
- Instrument: Restricted Shares grant (980,860 shares); reported price $0.00; total reported value $0.
- Vesting: ~40% vested on grant date; ~20% vest on each of 2027-05-05, 2028-05-05, 2029-05-05, contingent on continued service.
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnote(s):
- F1: Describes the restricted-share plan and the four-year vesting schedule above.
- F2: If AZUL lacks sufficient treasury shares at settlement, the reporting person must subscribe for vested shares at a nominal price of R$1.00 each.
Context
This was an equity compensation award (not an open-market purchase or sale). Restricted shares vest over time and are contingent on continued service, so they do not necessarily indicate immediate buying/selling intent. The immediate ~40% vesting means the reporting person gained some vested shares at grant, while the remainder is subject to future vesting and potential nominal subscription if AZUL cannot settle via treasury shares.
Insider Transaction Report
- Award
Common Shares
[F1][F2]2026-06-15+980,860→ 980,860 total
Footnotes (2)
- [F1]Represents a grant of 980,860 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest over four years as follows: approximately 40% vested on the grant date and approximately 20% will vest on each of May 5, 2027, May 5, 2028, and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.
- [F2]In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.