Oliveira Ana Cristina Menezes 4

What Happened

• Ana Cristina Menezes Oliveira, VP of Customer Experience & Ombudsman at TIM S.A. (TIMB), was reported to have acquired 2,617 common shares as an award on 2026-05-05. The Form 4 shows an acquisition at $0.00 (no cash paid) for a total reported value of $0.
• These are performance shares earned following the issuer's board certification of achieved performance criteria tied to a 2024 grant. They are awards rather than open‑market purchases or sales.

Key Details

• Transaction date: 2026-05-05; reported on Form 4 filed 2026-05-07 (appears timely).
• Transaction type: Award/Grant (code A); amount: 2,617 shares; reported price: $0.00; reported cash value: $0.
• Vesting/conditions: Per footnote, these earned shares (including any accrued dividend equivalents) remain subject to time‑based vesting of 10% / 20% / 70% on the first three anniversaries of the original grant date, contingent on continued service.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported two days after the transaction date; there is no indication in the filing excerpt that it was late.

Context

• This was an award of performance shares (not a market purchase or sale), so it reflects compensation tied to company performance and continued service rather than an immediate investment or divestment decision.
• For retail investors, awards can signal that performance targets were met for the related grant period, but they do not by themselves indicate insider buying/selling sentiment.