Cavalcanti Guilherme Perboyre 4

What Happened
Guilherme Cavalcanti, JBS N.V.'s Global Chief Financial Officer and Investor Relations Officer, received an award of 185,828 restricted stock units (RSUs) on May 21, 2026 (reported on a Form 4 filed May 22, 2026). The grant is recorded as an award/derivative transaction (code A). No per-share price or immediate cash value is reported because RSUs represent the contingent right to receive shares upon vesting.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-22.
• Transaction type/code: Award/Grant (A) of RSUs; price: N/A (derivative grant).
• Shares/units granted: 185,828 RSUs.
• Shares owned after transaction: Not disclosed in the filing.
• Vesting: RSUs vest pro rata on March 1, 2027; March 1, 2028; and March 1, 2029, subject to continued employment (footnote).
• Security form: Class A common shares (€0.01 par value) or Brazilian Depositary Receipts (BDRs); each RSU converts to one Class A share or one BDR.
• Regulatory note: As a foreign private issuer, JBS’s insider transactions are exempt from Sections 16(b) and 16(c) under Rule 3a12-3(b), per the filing.

Context
RSUs are a deferred-compensation award rather than an immediate purchase or sale; they only convert into actual shares/BDRs if and when they vest. This grant is routine compensation-related equity awarded to an executive and does not by itself indicate buying or selling sentiment.