de Siqueira Freitas Marcelo 4

What Happened Marcelo de Siqueira Freitas, Legal Vice‑President of Brazilian Electric Power Co. (AXIA3), was granted 4,256 restricted stock units (RSUs) on March 20, 2026. The award is reported as transaction code A (award/acquisition); no purchase price or cash consideration is reported. Each RSU is economically equivalent to one common share and will settle on a 1:1 basis into common shares per the company’s restricted-share compensation program.

Key Details

• Transaction date: 2026-03-20; filing date (Form 4): 2026-03-23 (filing appears timely).
• Shares/units granted: 4,256 RSUs; price: N/A (no cash paid).
• Shares owned after transaction: not reported in the filing.
• Footnotes: F1 – RSUs settle 1:1 into common shares and are reserved for executive officers. F2 – the RSU count reflects an adjustment tied to a December 2025 bonus stock issuance (creation/issuance of Class "C" Preferred Shares); no additional consideration was paid by the reporting person.
• Role remark: Legal Vice‑Presidency.

Context RSUs are compensation awards that convert into shares (here, 1:1) when they vest/settle; they are not open‑market purchases and therefore don’t directly signal an insider buying shares. This grant increases potential future share ownership if and when the RSUs settle, but it should be viewed as part of executive compensation rather than a market-timing trade.