Cosan (CSAN) Former CFO Rafael Bergman Receives 55,242-Share Award

What Happened Rafael Bergman, Cosan's former Chief Finance Officer, was reported as receiving a long‑term incentive award of 55,242 shares on 2026-09-11. The award is recorded at R$3.90 per share for a gross value of R$215,444. The same filing also shows a simultaneous disposition of 55,242 shares at the same price and value, resulting in no net increase in shareholdings on the books.

Key Details

• Transaction date: 2026-09-11; Filing date: 2026-09-15 (filed on time).
• Reported amounts: 55,242 shares acquired at R$3.90 (gross R$215,444) and 55,242 shares disposed at R$3.90 (gross R$215,444).
• Net change: zero (acquisition and disposition equal).
• Footnotes: F1 indicates amounts are in Brazilian reais. F2 explains these are rights to receive shares under Cosan's Long‑Term Incentive Program (amounts shown are gross and may change based on performance targets and tax effects).
• Transaction code: J (other acquisition or disposition) — the filing shows both an acquisition and a disposition for the same shares.

Context The filing reflects a grant from Cosan’s LTIP (a common executive compensation mechanism) and a matching disposition recorded in the same report. Paired entries like this often arise when awards are reported gross and then adjusted or settled for taxes/withholding; the footnote explicitly mentions tax effects may affect final delivery. Because the acquisition and disposition cancel out, this transaction does not indicate an increase in the insider’s economic ownership.