Girasole Mario 4

What Happened

• Mario Girasole, Regulatory and Institutional Affairs Officer at TIM S.A. (TIMB), was the recipient of awards on May 5, 2026: 64,319 performance shares (2023 grant), 13,739 performance shares (2024 grant), and 3,970 restricted/share-settled units — a total of 82,028 shares. Each was reported as acquired at $0.00 (award/grant), i.e., no cash purchase. These awards reflect Board certification of performance goals for the 2023 and 2024 performance grants.

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (within the standard two-business-day reporting window).
• Reported acquisition: 64,319 (F1), 13,739 (F2), 3,970 derivative/restricted (F3) — total 82,028 shares; price reported: $0.00; total cash paid: $0.
• Shares owned after transaction: not specified in the excerpt provided.
• Notable footnotes:
  • F1: 2023 performance shares certified as earned; vesting schedule 20% / 30% / 50% on the first three anniversaries, subject to continued service.
  • F2: 2024 performance shares certified as earned; vesting 10% / 20% / 70% on the first three anniversaries, subject to continued service.
  • F3: Restricted shares equal contingent rights to receive one common share minus withholding taxes.
  • F4: Dividend equivalent units accrued on the restricted shares upon Board approval (May 5, 2026).
  • F5: The restricted shares vest on July 31, 2026.
• Filing timeliness: Filed two days after the transaction date, which is within the usual Form 4 reporting window (timely).

Context

• These are awards (not open-market purchases or sales). Awards reflect company-determined performance payouts and are subject to future vesting and service conditions, so they do not represent an immediate change in tradable holdings until vested/settled.
• The filing lists $0.00 as the acquisition price because these were granted/earned awards; the market value (shares × stock price) is not shown in the provided excerpt.