de Souza Monteiro Ivan 4
4 · BRAZILIAN ELECTRIC POWER CO · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
AXIA3 CEO Ivan de Souza Monteiro Receives 46,530 RSU Award
What Happened
- Ivan de Souza Monteiro, Chief Executive Officer of Brazilian Electric Power Co. (ticker AXIA3), was granted 46,530 restricted stock units (RSUs) on March 20, 2026. The filing lists the transaction as an award (code A) and shows no price or cash value (N/A).
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-23 (filed within the standard reporting window).
- Shares/units granted: 46,530 RSUs; price/value reported as N/A (award/compensation, not an open-market trade).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: (1) Each RSU converts 1:1 into a common share upon settlement and is part of the company’s restricted-share compensation program reserved for executive officers. (2) 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.
Context
- RSU grants are compensation, not market purchases or sales; they do not directly indicate the insider is buying or selling stock. Upon vesting/settlement the RSUs convert to common shares (1:1) per the filing.
Insider Transaction Report
Form 4
de Souza Monteiro Ivan
See Remarks*
Transactions
- Award
Restricted Stock Units
[F1][F2]2026-03-20+46,530→ 223,558 total
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") is the economic equivalent of one Common Share, is settled in Common Shares on a 1:1 basis, and was issued pursuant to the Eletrobras -Brazilian Electric Power Co.'s (the "Company") restricted share based compensation program. These RSUs are reserved for the executive officers.
- [F2]The number of RSUs reported herein reflects an adjustment made pursuant to the reporting person's RSU award agreement in connection with the bonus stock issuance carried out by the Company in December 2025, which resulted in the creation and issuance of the Class "C" Preferred Shares. No additional consideration was paid by the reporting person in connection with such adjustment.
Signature
/s/ Ivan de Souza Monteiro|2026-03-23