Ultrapar (UGP) Director Lutz Marcos Receives 634,346-Share Award

What Happened
Lutz Marcos M, a director of Ultrapar Holdings Inc. (UGP), was reported as receiving an award of 634,346 restricted shares (code A) that vested on April 20, 2026. The filing shows the shares were recorded at a $0.00 per-share price (no cash paid). A matching "Disposition to the issuer" (code D, derivative) for the same 634,346 shares is also reported on April 20, 2026 and is recorded at $0.00. This transaction reflects an equity award vesting and settlement rather than an open-market purchase or sale.

Key Details

• Transaction date(s): April 20, 2026 (award vested and disposition reported). Filing date: April 22, 2026.
• Price/value: Reported at $0.00 per share; no cash value shown in the Form 4 entries.
• Shares involved: 634,346 restricted shares granted and 634,346 shares reported as disposed to the issuer (derivative).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 — each restricted share is a contingent right to receive one common share; F2 — restricted shares vested on April 20, 2026; F3 — vesting occurred under the company’s long-term incentive plan approved at the 2023 AGM.
• Timeliness: Filed April 22, 2026 (two days after the reported transaction date), within the typical 2-business-day Form 4 window.

Context
Restricted-share awards are a form of compensation that vest according to plan terms; when they vest they convert to common shares or rights to common shares. The filing records a concurrent "disposition to the issuer" of the same number of shares; filings like this commonly reflect settlement mechanics (for example, withholding to satisfy taxes or other plan settlement steps), but this specific Form 4 does not detail the exact settlement reason.