Egydio Setubal Roberto 4

What Happened
Egydio Setubal, a director of Itau Unibanco Holding S.A. (ITUB), was granted 75,923 shares on 2026-05-08. The Form 4 reports these shares at a $0.00 per-share price (total reported value $0), indicating an award/grant-type acquisition (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (filing appears timely).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 75,923 at $0.00 per share; total reported cash value: $0.
• Shares owned after transaction: Not stated in the filing.
• Footnote: Reporting person holds these shares indirectly through an indirect controlling shareholder he controls and disclaims beneficial ownership except to the extent of his pecuniary interest (per footnote F1).
• No indication of a sale, option exercise, tax withholding, or 10b5-1 plan in this filing.

Context
An award/grant reported at $0 usually reflects a compensation or equity allocation rather than a market purchase. The footnote indicates the shares are held indirectly through a controlling shareholder vehicle, which is common for large shareholders and may affect how beneficial ownership is reported under Section 16. This filing is informational—awards do not by themselves signal the insider’s intent to buy or sell additional stock.