Bueno Luis Renato Costa 4

What Happened

• Bueno Luis Renato Costa, Executive Vice President of Consumer Goods at Suzano S.A. (SUZ), was granted 36,395 derivative units on 2026-05-27. The award is a cash-settled "phantom share" grant (no common shares were issued at grant). No per-share price or immediate cash/value was reported in the Form 4; the payout, if any, will be based on Suzano's common share price at vesting.

Key Details

• Transaction date: 2026-05-27; Form 4 filed 2026-05-28 (covering the 05/27 grant).
• Type: Award/Grant (derivative, code A); quantity: 36,395 phantom shares; price: N/A (cash-settled).
• Vesting: subject to conditions, scheduled vesting on 2029-04-01 (see footnotes).
• Shares owned after transaction: not specified in the filing.
• Footnotes: (1) Grant consists of cash-settled phantom shares granted 05/27/2026 and vesting 04/01/2029, referenced to one Suzano common share. (2) Value tied to issuer’s common share price and will be settled in cash upon vesting per plan terms.
• Filing timeliness: appears timely (filed one day after the transaction).

Context

• Phantom shares are a common long-term incentive: they track the company’s stock price but are paid in cash at vesting rather than issuing actual shares. This is an award/compensation event rather than an open-market purchase or sale, so it does not by itself indicate insider buying or selling sentiment. The ultimate value received will depend on Suzano’s share price at vesting and on any performance/vesting conditions.