Fadda Luca 4
4 · TIM S.A. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
TIM S.A. (TIMB) Chief Audit Executive Luca Fadda Receives Awards
What Happened Luca Fadda, Chief Audit Executive of TIM S.A. (TIMB), was awarded a total of 41,938 shares on May 5, 2026 via three grant/acquisition entries: 32,290 shares (performance shares), 7,655 shares (performance shares), and 1,993 restricted/derivative shares. All were reported at $0 per share (awards/earned shares), so no cash changed hands in the filing. These awards resulted from the Board’s certification of achieved performance for prior grants and include accrued dividend equivalent units.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (appears timely).
- Reported price: $0.00 for each award (typical for earned performance/restricted shares).
- Total shares reported: 41,938 (32,290 + 7,655 + 1,993).
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: 32,290 = performance shares earned from 2023 grant; vest 20% / 30% / 50% on the 1st–3rd anniversaries, subject to continued service.
- F2: 7,655 = performance shares earned from 2024 grant; vest 10% / 20% / 70% on the 1st–3rd anniversaries, subject to continued service.
- F3: Each restricted share is a contingent right to one common share less withholding taxes.
- F4: Dividend equivalent units were accrued and approved by the Board on May 5, 2026.
- F5: The restricted shares vest on July 31, 2026.
Context These transactions are compensatory awards tied to performance certifications and standard vesting schedules, not open-market purchases or sales. Such awards are routine components of executive pay and are contingent on future vesting and continued service, so they do not necessarily indicate immediate buying or selling intent. The derivative/restricted units will convert to shares (net of withholding) upon vesting per the noted schedules.
Insider Transaction Report
- Award
Common Shares
[F1]2026-05-05+32,290→ 32,290 total - Award
Common Shares
[F2]2026-05-05+7,655→ 39,945 total - Award
Restricted Shares
[F3][F4][F5]2026-05-05+1,993→ 13,284 total→ Common Shares (1,993 underlying)
Footnotes (5)
- [F1]Represents the number of common shares earned (including any accrued dividend equivalent units), as a result of the Issuer's Board of Director's (the "Board") certification to the achievement of performance for the performance shares granted in 2023. These shares vest 20%, 30% and 50% on the first three anniversaries of the grant date, respectively, subject to the Reporting Person's continued service through each such vesting date.
- [F2]Represents the number of common shares earned (including any accrued dividend equivalent units), as a result of the Board's certification to the achievement of performance for portions of the performance shares granted in 2024. These shares vest 10%, 20% and 70% on the first three anniversaries of the grant date, respectively, subject to the Reporting Person's continued service through each such vesting date.
- [F3]Each restricted share represents a contingent right to receive one common share minus withholding taxes.
- [F4]Represents dividend equivalent units with respect to restricted shares accrued upon approval by the Board on May 5, 2026.
- [F5]These restricted shares vest on July 31, 2026.