Palhares Alexandre Mendes 4

What Happened

• Alexandre Mendes Palhares, Chief Financial Officer and Investor Relations Officer of Ultrapar Holdings Inc. (UGP), received a grant of 25,798 restricted shares (derivative award) on April 24, 2026. The award was recorded at $0.00 per share (no cash paid) and represents contingent rights to common shares that will convert upon vesting.

Key Details

• Transaction type: Award/Grant (Code A) of restricted shares (derivative).
• Transaction date: 2026-04-24; Form filed 2026-04-28 (filed within the typical two-business-day window).
• Shares granted: 25,798 restricted shares; acquisition price reported as $0.00.
• Vesting: Restricted shares vest through April 24, 2029 (per filing footnote).
• Conversion: Each restricted share = contingent right to one common share (will convert upon vesting).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• This was a time-based restricted-share award, not an open-market purchase or sale. Until the award vests and converts, these units are contingent rights and do not represent free-trading common stock. Such grants are common for executive compensation; they are informational but do not by themselves signal immediate buying or selling of common shares.