Villela Dias Felipe 4

What Happened
Villela Dias, a director of Brazilian Electric Power Co (AXIA3), was granted 10,639 restricted stock units (RSUs) on March 20, 2026. The RSUs were an award (no cash paid) and are reported with price N/A; total value was not specified in the Form 4.

Key Details

• Transaction type: Award/Grant (code A) of 10,639 RSUs on 2026-03-20.
• Report filed: Form 4 filed 2026-03-23 (timely filed).
• Price/Value: N/A (awarded RSUs — no purchase price reported).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Each RSU is economically equivalent to one common share and will be settled 1:1 in common shares; these RSUs were issued under the company’s restricted share compensation program reserved for the Board.
  • F2: The reported RSU count reflects an adjustment tied to a December 2025 bonus stock issuance that created Class “C” Preferred Shares; no additional consideration was paid by the reporting person.

Context
This is a compensation award to a board member rather than an open-market purchase or sale. RSU grants are routine director compensation and do not necessarily signal a personal buy or sell decision; they will convert to common shares per the award terms when vested/settled.