Suzano S.A.: EVP forestry Lazaretti Douglas Seibert sold 46,322 shares

What happened

• Lazaretti Douglas Seibert, executive vice president of forestry, disposed of 46,322 derivative phantom shares to the issuer on Oct 16, 2026. The Form 4 reports the transaction as a disposition (code D). The filing lists the per-share price and aggregate cash amount as N/A.

Key details

• Transaction date: Oct 16, 2026; transaction code D (disposition to the issuer).
• Shares involved: 46,322 phantom/derivative shares.
• Price reported: N/A per share; no aggregate cash value reported.
• Shares owned after the transaction: not reported in the Form 4.
• Relevant footnotes:
  • F1: Cash-settled phantom shares granted on May 15, 2023, vesting on Apr 1, 2026, referenced to one Suzano common share; phantom shares are settled in cash upon vesting.
  • F2: The performance phantom shares were settled in cash pursuant to the company's long-term incentive plan; no shares were issued upon settlement.
• Form 4 filed on Oct 16, 2026; the filing does not indicate lateness.

Why it may matter

• The transaction was a cash settlement of performance phantom shares; no actual Suzano shares were issued to the insider upon settlement.
• A filing does not show why the insider traded or why the company acted.