Di Costanzo Marco 4
4 · TIM S.A. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
TIM S.A. CTO Marco Di Costanzo Receives Stock Award
What Happened
Marco Di Costanzo, Chief Technology Officer of TIM S.A. (TIMB), was granted/awarded a total of 33,433 shares on May 5, 2026, reported as three award-type transactions: 24,095 shares @ $0.00, 7,851 shares @ $0.00, and 1,487 shares @ $0.00 (the last reported as a derivative/contingent restricted share). The filing reports $0 cash paid — these are earned performance and restricted share awards resulting from the Board’s certification of performance, not open‑market purchases or sales.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (timely within the required reporting window). Accession: 0001193125-26-212783.
- Reported awards: 24,095 shares (A), 7,851 shares (A), 1,487 shares (A, derivative) — total 33,433 shares; all reported at $0.00 (award/earned shares).
- Shares owned after transaction: not disclosed in this Form 4.
- Notable footnotes from the filing:
- F1/F2: These shares represent performance shares earned after Board certification for 2023 and 2024 awards; vesting schedules remain (2023 awards vest 20%/30%/50% over the first three anniversaries; 2024 awards vest 10%/20%/70%).
- F3: Each restricted share is a contingent right to one common share minus withholding taxes.
- F4: Dividend equivalent units on restricted shares were accrued upon Board approval on May 5, 2026.
- F5: Some restricted shares vest on July 31, 2026.
- Transaction type: Award/Grant (code A). No 10b5‑1 plan, sale, or purchase reported.
Context
These transactions reflect earned performance and restricted-share awards certified by TIM’s Board — they do not represent an open‑market purchase (a bullish signal) or a sale (a liquidity event). The awards are generally subject to future vesting and continued service conditions and may be settled net of taxes for withholding.
Insider Transaction Report
- Award
Common Shares
[F1]2026-05-05+24,095→ 24,095 total - Award
Common Shares
[F2]2026-05-05+7,851→ 31,946 total - Award
Restricted Shares
[F3][F4][F5]2026-05-05+1,487→ 9,913 total→ Common Shares (1,487 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.