Lazaretti Douglas Seibert 4

What Happened
Douglas Seibert, Executive Vice President of Forestry at Suzano S.A. (SUZ), received a grant of 36,395 derivative units reported as an award (code A) on 2026-05-27. The units are cash‑settled "phantom shares" (no listed per‑share price on the Form 4) and will be settled in cash based on Suzano's common‑share market price upon vesting. This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-27; Form 4 filed 2026-05-28 (appears to be timely).
• Amount granted: 36,395 phantom shares (derivative award). No per‑share price reported (N/A).
• Vesting: Awards vest on 04/01/2029, subject to conditions per plan.
• Settlement: Cash‑settled upon vesting; value tied to Suzano common‑share market price (footnotes F1 & F2).
• Shares owned after transaction: Not reported in the provided filing details.
• Transaction code: A (award/grant). Not a sale or purchase by the insider.

Context
Phantom shares are a form of long‑term cash compensation tied to the company’s stock price; they do not transfer actual common shares at grant and will not increase Suzano's outstanding share count. Such awards are typically retention/incentive compensation and do not necessarily signal immediate insider buying or selling intent.