Limp Nascimento Rodrigo 4

What Happened
Rodrigo Limp, Executive Vice‑President of Regulation, Institutional, Market Regulation and Corporate Relations at Brazilian Electric Power Co. (AXIA3), was granted 18,774 restricted stock units (RSUs) on March 20, 2026. The award is recorded as an "A" (award/grant); no cash was paid and no per‑share price is reported (N/A). Each RSU is economically equivalent to one common share and is settled 1:1 in common shares under the company’s restricted-share compensation program.

Key Details

• Transaction date: 2026-03-20 (Form 4 filed 2026-03-23; filing appears timely).
• Transaction type/code: A — Grant/award of 18,774 RSUs. Price: N/A (award).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes:
  • F1 — Each RSU equals one common share and is reserved for executive officers; settled 1:1.
  • F2 — RSU count was adjusted per the reporting person’s award agreement following the company’s December 2025 bonus stock issuance (creation of Class "C" Preferred Shares); no additional consideration was paid.
• Remarks: Reporting person is the company’s Executive Vice‑President of Regulation, Institutional, Market Regulation and Corporate Relations.

Context
This is a compensation award, not an open‑market purchase or sale; such grants are common for executives and do not necessarily indicate immediate buying or selling intent. RSUs typically vest over time (vesting schedule not shown here) and convert to shares upon settlement, so any future sale or ownership change would be reported separately.