Santos Sandra Maria Soares 4

What Happened

• Director Sandra Maria Soares Santos (listed as Santos Sandra Maria Soares) had 5,849 restricted stock units (RSUs) vest on March 31, 2026. The Form 4 reports a conversion/exercise of a derivative (code M) resulting in the acquisition of 5,849 shares and a simultaneous disposition of 5,849 shares.
• No per-share price or total dollar value is reported (N/A on the filing). The filing does not state a cash purchase or market sale price.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-09 (appears later than the standard 2-business-day reporting window).
• Reported shares: 5,849 acquired and 5,849 disposed (both listed as code M — exercise/conversion of derivative).
• Footnote F1: These shares were issued upon vesting of RSUs; each RSU represents a contingent right to one share of common stock.
• Shares owned after the transaction: Not specified in the provided filing extract.
• The filing does not explicitly state reason for the immediate disposition (e.g., tax withholding or sale) — only the RSU vesting is documented.

Context

• RSU vesting converts contingent awards into actual shares; this is an award/event rather than an open-market buy or sell driven by sentiment.
• When an equal number of shares are acquired and disposed in the same event, filings commonly reflect shares withheld or sold to satisfy tax obligations, but this specific Form 4 does not state the disposition reason.