Demaria Saverio 4

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.