Corso Matte Ana Silvia 4
Research Summary
AI-generated summary
Brazilian Electric Power (AXIA3) Director Corso Matte Buys 500 Shares
What Happened
- Director Ana Silvia Corso Matte acquired 500 derivative securities on March 20, 2026, at a converted price of $9.97 per share, for a total reported value of $4,985. The transaction is reported as a purchase of a derivative security (Form 4 code P).
Key Details
- Transaction date: 2026-03-20; Filing date: 2026-03-23.
- Price: $9.97 per share (converted from BRL 54.60 using a 5.4770 BRL/USD rate); total = $4,985. Brokerage fees excluded.
- Shares owned after the transaction: not specified in the provided filing.
- Footnote F1: The acquired Class "C" Preferred Shares are subject to automatic 1:1 conversion into common shares under the company bylaws, with 4% of originally issued Class C preferred converting each fiscal year 2026–2030 and the remainder in 2031.
- Footnote F2: The reported price is a USD conversion of a BRL-denominated exercise price; conversion used the Treasury quarterly rate as of 12/31/2025.
Context
- This was a purchase (an acquisition of derivative securities). The holding is small ($4,985) and may reflect a modest personal investment or conversion-related transaction; the filing does not state additional context (e.g., whether shares were immediately sold). No indication in the provided data that the filing was late.