Tavares Nogueira Rogerio 4

What Happened
Rogerio Tavares Nogueira, Executive Vice President — Commercial & New Business at Vale S.A. (VALE), received an award of 12,990 restricted share units (RSUs) on April 1, 2026. The RSUs were granted at $0.00 per unit (an award, not a purchase), and each RSU represents a contingent right to receive one common share of Vale upon settlement.

Key Details

• Transaction date: April 1, 2026; filing date (Form 4): April 3, 2026. Transaction code: A (award/grant). Grant price recorded: $0.00.
• Vesting schedule noted in the filing: 11,327 RSUs vest on March 1, 2027; 18,702 RSUs vest on March 1, 2028; 12,990 RSUs vest on April 1, 2029. Each RSU converts to one common share upon settlement.
• The filing’s footnotes confirm these RSUs represent contingent rights to common shares (see F1, F2). The filing does not indicate tax withholding details or a 10b5-1 plan.
• No sale or purchase of existing shares occurred — this is an equity award, not an immediate market transaction. The Form 4 does not indicate a late filing.

Context
RSU grants are a form of compensation; they do not create immediately tradable shares until vesting/settlement. For retail investors, awards like this are routine executive compensation and should be interpreted differently than open-market purchases or sales.