Ultrapar (UGP) Hidrovias CEO Amaral de Sampaio Receives Award

What Happened

• Amaral Decio de Sampaio, CEO of Hidrovias (reported on Ultrapar Holdings Inc., ticker UGP), was awarded 78,824 restricted shares that vested on April 20, 2026. The award is reported at $0.00 per share (no cash paid or received).
• The same 78,824 restricted-share units are also reported as a "Disposition to the issuer" (derivative) at $0.00 in the filing. The Form 4 has been amended to correct an earlier omission and increase the total restricted shares beneficially owned by the reporting person by an additional 21,229 restricted shares.

Key Details

• Transaction date: April 20, 2026. Reported codes: A (award/grant/acquisition) of 78,824 and D (disposition to issuer, derivative) of 78,824. Price: $0.00 for both entries.
• Vesting: Footnote states restricted shares vested on April 20, 2026 and were granted under the company’s long-term incentive plan approved at the 2023 AGM.
• Amendment: Original Form 4 filed April 22, 2026 omitted an additional 21,229 restricted shares from the final performance assessment; this amended Form 4 (filed Sept 18, 2026) corrects that, increasing reported restricted-share ownership by 21,229.
• Shares owned after transaction: The filing does not state a final total number of common shares held, but the amendment increases the reporting person’s beneficial ownership of restricted shares by 21,229.
• Filing status: This is an amended Form 4 correcting a prior reporting omission (not a new trading decision).

Context

• These were restricted-share awards that vested (compensation/long-term incentive), not open-market purchases or sales. Such vesting events are routine compensation and do not necessarily signal a buy/sell decision by the insider.
• The disposition to the issuer is listed as a derivative transaction in the Form 4; the filing’s footnotes do not specify the reason for that disposition (e.g., withholding, conversion, or other administrative settlement).