Ultrapar (UGP) Hidrovias CEO Amaral Receives 140,000 Restricted Shares

What Happened

• Amaral Decio de Sampaio, CEO of Hidrovias (a business unit of Ultrapar Holdings, ticker UGP), was granted 140,000 restricted shares that vested on September 16, 2026. The Form 4 shows an acquisition (award) of 140,000 restricted shares at $0.00 and a simultaneous disposition to the issuer of 140,000 shares at $0.00. The filing reports $0 cash value for both the award and the disposition as recorded.

Key Details

• Transaction date: September 16, 2026; Form 4 filed September 18, 2026 (filed within the typical 2‑business‑day window).
• Reported amounts: 140,000 restricted shares granted and 140,000 shares disposed to the issuer; price per share reported: $0.00.
• Shares owned after transaction: not specified in this filing.
• Footnotes from the filing:
  • F1: Each restricted share represents a contingent right to receive one common share.
  • F2: Restricted shares vested on September 16, 2026.
  • F3: Vesting occurred under the company’s long‑term incentive plan approved at the 2017 AGM.
• No 10b5-1 plan or late‑filing flag reported.

Context

• This filing documents an equity award vesting and an immediate disposition to the issuer. Dispositions to the issuer in vesting events are commonly used to satisfy withholding obligations (taxes or similar), though the filing does not explicitly state the reason. The transactions show no cash proceeds in the Form 4.