Ultrapar (UGP) CFO Alexandre Palhares Receives 75,000 Restricted Shares

What Happened Alexandre Palhares, CFO and Investor Relations Officer of Ultrapar Holdings Inc. (UGP), was granted 75,000 restricted shares (reported as a derivative acquisition) on September 24, 2026. The filing reports an acquisition price of $0.00, i.e., no cash paid at grant. The award is reported under transaction code A (grant/award).

Key Details

• Transaction date: 2026-09-24; Form 4 filed: 2026-09-25.
• Shares granted: 75,000 restricted shares; reported price: $0.00 (derivative).
• Footnote F1: Each restricted share is a contingent right to receive one common share.
• Footnote F2: Restricted shares vest through September 24, 2036 (long-term vesting).
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Filed the day after the transaction (within normal Form 4 reporting window); not marked late.

Context This was a compensation grant (award) rather than an open-market purchase or sale. Restricted-share awards are commonly used for long-term retention and do not necessarily signal a short-term trading intent. Because these are contingent/derivative restricted shares with vesting through 2036, they represent a long-term holding subject to vesting conditions rather than immediately tradeable stock.