Demaria Saverio 4
4 · TIM S.A. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
TIM S.A. (TIMB) Head B2C Saverio Demaria Receives Award
What Happened
Saverio Demaria, Head of Business-to-Consumer at TIM S.A. (TIMB), was granted a total of 36,634 shares on May 5, 2026 as company awards. The filing shows three award items: 28,588 shares (performance shares), 6,281 shares (performance shares), and 1,765 restricted/derivative shares. All were reported with an acquisition price of $0.00 (i.e., awards/settlements rather than an open‑market purchase).
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (filed within the typical 2‑business‑day window, not indicated as late).
- Awards reported: 28,588 shares @ $0.00; 6,281 shares @ $0.00; 1,765 derivative/restricted shares @ $0.00. Total = 36,634 shares.
- Shares owned after transaction: not specified in the summary provided (not disclosed here).
- Notable footnotes:
- F1: 28,588 = performance shares earned from the 2023 grant; vest 20%/30%/50% on the 1st, 2nd and 3rd anniversaries, subject to continued service.
- F2: 6,281 = performance shares earned from portions of the 2024 grant; vest 10%/20%/70% on the first three anniversaries, subject to continued service.
- F3: Each restricted share is a contingent right to one common share net of withholding taxes.
- F4: Dividend equivalent units accrued on the restricted shares upon Board approval on May 5, 2026.
- F5: The restricted shares vest on July 31, 2026.
- Transaction code: A = Award/Grant. No purchase (P) or sale (S) activity.
Context
These awards reflect board certifications of achieved performance goals for prior performance‑share grants (2023 and 2024) and standard restricted‑share awards rather than insider buying or selling. Awards recorded at $0 are compensation items and do not necessarily indicate direct market sentiment. The restricted shares include dividend equivalents and have a future vesting date (July 31, 2026) and will be settled net of withholding taxes when converted to common shares.
Insider Transaction Report
- Award
Common Shares
[F1]2026-05-05+28,588→ 28,588 total - Award
Common Shares
[F2]2026-05-05+6,281→ 34,869 total - Award
Restricted Shares
[F3][F4][F5]2026-05-05+1,765→ 11,761 total→ Common Shares (1,765 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.