Garcia Antonio Carlos 4

What Happened
Antonio Carlos Garcia, CFO of Azul S.A., was granted 725,836 restricted share rights on June 15, 2026. The grant was reported as an award/acquisition at a $0.00 per-share price (no cash paid at grant). The restricted shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, subject to his continued service.

Key Details

• Transaction date: 2026-06-15 (Form 4 filed 2026-06-17). Filing appears within the SEC’s two-business-day Form 4 window.
• Transaction type/code: Award/Grant (A).
• Shares granted: 725,836 restricted share rights. Grant price at issuance: $0.00 (no cash outlay).
• Vesting: Three equal annual installments on May 5, 2027 / 2028 / 2029, contingent on continued service.
• Post-transaction holdings: Not specified in the filing.
• Footnotes of note: If the company lacks sufficient treasury shares at a vesting date, the reporting person would be required to subscribe for the vested Restricted Shares at a nominal price of R$1.00 total.

Context
Restricted share grants are a common form of executive compensation intended to retain executives; they do not represent an immediate stock purchase or sale and typically cannot be sold until vested. This grant does not itself signal a market buy or sell by the insider; its value to the insider depends on future vesting and Azul’s share price at those times.