Suzano S.A.: VP finance and IR Assumpcao Marcos Chagas exercised 31,434 shares

What happened

• Assumpcao Marcos Moreno Chagas, VP of finance and IR, disposed of 31,434 derivative phantom shares to the issuer on Oct 16, 2026. Price reported: N/A. The transaction was cash-settled; no shares were issued upon settlement.

Key details

• Transaction date and code: Oct 16, 2026; disposition to issuer (D) of a derivative.
• Price: N/A; the filing describes cash-settled phantom shares.
• Shares owned after the transaction: the filing does not report shares owned after the transaction.
• Footnotes:
  • F1: Cash-settled phantom shares were granted on Apr 1, 2023 and vested on Apr 1, 2026; each phantom share is referenced to one Suzano common share and is 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.
• Filing date and timeliness: filed Oct 16, 2026; the period of report is Oct 16, 2026.

Why it may matter

• The filing reports a cash settlement of phantom share awards (derivative settlement), not a sale of market-traded shares.
• A filing does not show why the insider traded or why the company acted.