Godinho Domingues Luciane 4
Research Summary
AI-generated summary
Sabesp (SBSP3) Officer Luciane Godinho Receives RSUs, Sells 2,837
What Happened
- Luciane Godinho Domingues (Reg. & Energy Proc. Officer) received 10,317 shares on May 1, 2026 upon conversion/vesting of RSUs. To cover taxes/withholding, 2,837 of those shares were surrendered/disposed at $6.69 per share, generating $18,980. Net shares received from this vesting were about 7,480.
- The filing shows the RSU conversion/exercise (derivative code M) and the tax withholding (code F). This was not an open-market sale by the insider; the 2,837 shares were withheld to satisfy tax obligations.
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 15, 2026 (14 days after the transactions).
- Converted/vested: 10,317 shares (derivative exercise/conversion, code M).
- Tax withholding/disposed: 2,837 shares at $6.69 each = $18,980 (code F).
- Net shares retained from vesting: ~7,480 shares.
- Footnote: These shares come from an April 29, 2025 grant of 41,255 RSUs that vest pro rata on May 1 of 2026–2029 (each RSU = right to one common share).
- Filing notes: amounts reflect recent events exempt from Section 16(a) (dividend equivalents accrual, a March 2026 capital increase, and an April 2026 stock split). Issuer is a foreign private issuer; insider transactions are noted as exempt from Sections 16(b) and 16(c).
Context
- This was an RSU vesting event with a tax-withholding disposition (a common, routine occurrence). The insider did not make an open-market purchase or sale for cash—shares were surrendered to cover taxes.
- Because the filing was posted May 15 for May 1 transactions (outside the typical 2-business-day Form 4 window), retail investors may want to note the timing; the filing itself explains certain events and exemptions tied to the issuer's foreign private issuer status.