Galhardo Aires 4
4 · Suzano S.A. · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Suzano VP Galhardo Aires Receives Phantom Share Award
What Happened
Galhardo Aires, Vice President of Pulp Operations at Suzano S.A. (SUZ), was granted 37,743 cash-settled phantom shares (derivative award) on 2026-05-27. The grant is recorded as an award (code A) and does not involve buying or selling common stock today. No per-share price or immediate equity transfer is reported because these are cash-settled phantom shares whose value is tied to Suzano’s common share price and will be paid in cash upon vesting.
Key Details
- Transaction date: 2026-05-27; Form 4 filed 2026-05-28 (timely).
- Grant: 37,743 phantom shares (derivative award); price: N/A (cash-settled).
- Vesting: scheduled for 04/01/2029, subject to conditions (see footnotes).
- Shares owned after transaction: not disclosed in this filing.
- Footnotes: F1/F2 — phantom shares reference one Suzano common share each and will be settled in cash upon vesting; value tied to market price and subject to plan terms.
Context
This is a deferred compensation award, not an open‑market purchase or sale, so it does not represent an immediate change in share ownership or a direct market signal. The economic exposure is through future cash settlement based on Suzano’s stock price if vesting conditions are met.
Insider Transaction Report
- Award
Phantom Shares
[F1][F2]2026-05-27+37,743→ 90,690 total→ Common shares (37,743 underlying)
Footnotes (2)
- [F1]Cash settled phantom shares granted on 05/27/2026 and vesting on 04/01/2029, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting.
- [F2]The value of the phantom shares is tied to the market price of the issuer s common shares and will be settled in cash upon vesting, subject to the terms of the applicable plan.