Ferreira Vicente De Moraes 4

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.