Ultrapar (UGP) Director Lutz Marcos Receives 1,064,639 Restricted Shares

What Happened

• Lutz Marcos M, a director of Ultrapar Holdings Inc. (UGP), received 1,064,639 restricted shares/contingent rights on 2026-03-27. The reported acquisition price is $0.00 (i.e., a grant/award of a derivative security rather than an open-market purchase). No cash value was reported in the Form 4 excerpt.

Key Details

• Transaction date: 2026-03-27; filing date (Form 4): 2026-03-30 (filed within required timeframe).
• Transaction type/code: Award/Grant/Other acquisition (A); reported as a derivative grant.
• Shares acquired: 1,064,639 restricted shares (contingent rights); reported price $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: Each restricted share represents a contingent right to receive one common share.
  • F2: Includes restricted shares that vest until February 2036.
• No indication in this filing of a 10b5-1 plan, tax withholding sale, or immediate sale of underlying shares.

Context

• These appear to be compensation-related restricted share awards (derivative contingent rights) rather than an outright open-market purchase or sale. Such awards typically vest over time (here, through Feb 2036) and do not necessarily indicate immediate insider buying or selling activity.