Grimaldi Leonardo Barreto de Araujo 4

What Happened

• Grimaldi Leonardo Barreto de Araujo, Vice President of Pulp Commercial and Logistics at Suzano S.A. (SUZ), received a grant of 37,743 phantom (derivative) shares on 2026-05-27. The grant is a cash‑settled award (derivative), so no actual common shares were issued and no voting rights or dividends accompany the award today.
• No per‑share price or immediate dollar value is reported (price listed as N/A). The award’s value is tied to Suzano’s common‑share market price and will be settled in cash upon vesting on 2029-04-01, subject to plan terms and conditions.

Key Details

• Transaction date: 2026-05-27; Form 4 filed: 2026-05-28 (covering the 05/27/2026 grant).
• Transaction type: Award/Grant of derivative units (code A); amount: 37,743 phantom shares; price: N/A.
• Vesting: 2029-04-01; settlement: cash based on Suzano common‑share price (per footnotes F1 & F2).
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: Report filed the day after the grant (appears timely); no late‑filing flag noted.

Context

• Phantom share awards are compensation instruments that mirror stock value but are paid in cash upon vesting; they do not convey immediate equity ownership, voting rights, or dividends. Such grants are common in executive/employee pay plans and are distinct from open‑market purchases or sales that may signal personal conviction.