Oliveira Fabio Almeida de 4

What Happened

• Fabio Almeida de Oliveira, VP of Paper and Packaging at Suzano S.A. (SUZ), was granted 54,651 phantom (cash‑settled) shares on 2026-05-27. The grant is recorded as an award/acquisition (code A); no per‑share price or immediate share ownership was reported because these are derivative, cash‑settled units. The award vests on 2029-04-01 and will be settled in cash based on the market price of Suzano common shares at settlement.

Key Details

• Transaction date: 2026-05-27; Form 4 filed: 2026-05-28 (filed the next day, within standard Section 16 reporting timing).
• Amount: 54,651 phantom shares (derivative award). Price: N/A — value tied to Suzano common stock and payable in cash on vesting.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1/F2 state these are cash‑settled phantom shares, referenced to one Suzano common share, vest on 04/01/2029, and will be settled in cash subject to plan terms and conditions.

Context

• Phantom shares are a form of equity‑linked compensation that do not convey immediate stock ownership or voting rights; they simply track the company share price and pay cash equivalent at vesting. Such awards are common in executive compensation plans and should be viewed as compensation rather than an outright market purchase or sale. This filing is informational and does not by itself signal insider buying or selling of actual shares.