Suzano S.A.: board member Schalka Walter sold 33,679 shares

What happened Schalka Walter, a member of the board of directors, reported a disposition to the issuer of 33,679 shares on Oct 16, 2026. The filing identifies these as derivative phantom shares that were cash settled; no price or total value is reported and no shares were issued upon settlement.

Key details

• Transaction date and price: Oct 16, 2026; price: N/A (cash-settled phantom shares).
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes: F1—cash-settled phantom shares granted Apr 1, 2023, vesting Apr 1, 2026; each phantom share references one Suzano common share and is settled in cash upon vesting. F2—performance phantom shares were settled in cash pursuant to the long-term incentive plan; no shares were issued upon settlement.
• Filing timeliness: report filed on Oct 16, 2026; the filing does not indicate a late filing.

Why it may matter

• The transaction involved cash settlement of phantom shares rather than a market sale of issued shares; no shares were issued upon settlement.
• A filing does not show why the insider traded or why the company acted.