Ferreira Vicente De Moraes 4
4 · TIM S.A. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
TIM S.A. (TIMB) Investor Relations Officer Receives Award
What Happened Ferreira Vicente De Moraes, Investor Relations Officer at TIM S.A. (TIMB), was awarded a total of 21,579 shares on May 5, 2026 via company grants/awards (reported on Form 4 filed May 7, 2026). The awards consist of 16,949 shares (performance shares from 2023), 3,584 shares (performance shares from 2024), and 1,046 restricted/derivative shares; all were reported at $0.00 per share (no cash paid at grant). The filings show these awards were granted following the Board’s certification of performance.
Key Details
- Transaction date(s): May 5, 2026; Form 4 filed May 7, 2026 (appears timely).
- Reported transactions: 16,949 shares (A) @ $0.00; 3,584 shares (A) @ $0.00; 1,046 shares (A, derivative) @ $0.00. Total = 21,579 shares; total reported value = $0.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes / notable items:
- F1: 16,949 are performance shares earned from 2023 awards; vest 20%/30%/50% on the 1st–3rd anniversaries, subject to continued service.
- F2: 3,584 are performance shares earned from portions of 2024 awards; vest 10%/20%/70% on the 1st–3rd anniversaries, subject to continued service.
- F3: The 1,046 restricted shares are contingent rights to receive one common share each, net of withholding taxes.
- F4: Dividend equivalent units on restricted shares were accrued upon Board approval on May 5, 2026.
- F5: Certain restricted shares vest on July 31, 2026.
- Transaction code: A = Award/Grant. The derivative entry reflects restricted/share-settlement mechanics, not an option exercise or sale.
Context These entries are grants/awards tied to performance certification and vesting schedules, not open-market purchases or sales. For retail investors, awards confirm management/company-approved performance payouts but do not by themselves signal immediate buying or selling pressure; vesting and settlement (and any subsequent sales) occur later and would be reported separately.
Insider Transaction Report
- Award
Common Shares
[F1]2026-05-05+16,949→ 16,949 total - Award
Common Shares
[F2]2026-05-05+3,584→ 20,533 total - Award
Restricted Shares
[F3][F4][F5]2026-05-05+1,046→ 6,972 total→ Common Shares (1,046 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.