Gerdau (GGB) EVP Marcos Wahrhaftig Receives 107,749 RSUs

What Happened Wahrhaftig Marcos Eduardo Faraco, Executive Vice President of Gerdau S.A. (GGB), was granted 107,749 restricted stock units (RSUs) on July 15, 2026. The grant is reported as a derivative acquisition (Form 4 code A) with an equivalent U.S. dollar value of $404,059 based on a per-share figure of $3.75 (converted from Brazilian reais).

Key Details

• Transaction date and type: July 15, 2026 — Grant/Award of 107,749 RSUs (derivative; code A).
• Reported value: $404,059 total; $3.75 per share (USD equivalent).
• Currency conversion: Price was denominated in Brazilian reais and translated to USD at R$5.0821 = US$1 (Central Bank of Brazil selling rate on April 9, 2026). (Footnote F1)
• Plan detail: The 107,749 RSUs represent additional units granted after an amendment to the reporting person’s long‑term incentive plan — the plan now attributes 179,581 shares versus 71,832 previously reported (difference = 107,749). (Footnote F2)
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: The Form 4 was filed on Aug 27, 2026 for a July 15 transaction, which is later than the typical two-business‑day reporting window (late filing).

Context This was a compensation award of RSUs (derivative securities), not an open‑market purchase or sale. RSU grants typically vest according to the company’s plan schedule and do not necessarily indicate immediate buying or selling by the insider. The filing’s footnotes clarify the translation from BRL to USD and that the grant reflects an adjustment after a plan amendment. The late filing is a reporting issue but does not change the nature of the grant itself.