Goncalves da Cruz Andre 4
4 · AZUL SA · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
AZUL VP Goncalves da Cruz Receives 255,024 Restricted Shares
What Happened
Goncalves da Cruz Andre, Technical Vice President of AZUL S.A. (AZUL), received a grant of 255,024 restricted-share rights on 2026-06-15. The award was reported as an acquisition at $0.00 (i.e., a compensation grant rather than a market purchase). The Restricted Shares vest in three equal annual installments — May 5, 2027, May 5, 2028 and May 5, 2029 — contingent on the reporting person’s continued service on each vesting date.
Key Details
- Transaction date: 2026-06-15; Form 4 filed 2026-06-17 (appears timely under the two-business-day rule).
- Transaction type/code: Grant/Award (A). Reported acquisition price: $0.00.
- Shares/rights granted: 255,024 restricted-share rights.
- Vesting: Three equal annual installments on May 5, 2027; May 5, 2028; May 5, 2029, subject to continued service.
- Settlement note: If the company lacks sufficient treasury shares at vesting, the reporting person would subscribe for the shares at a nominal R$1.00 per share (Brazilian reais).
- Shares owned after transaction: Not specified in the filing.
Context
This is a standard compensation award — not a market purchase or sale — meaning no immediate cash changed hands and no shares were sold. Grants align executive pay with shareholder outcomes over time; purchases/sales usually provide more direct signals about an insider’s trading stance.
Insider Transaction Report
- Award
Common Shares
[F1][F2]2026-06-15+255,024→ 255,024 total
Footnotes (2)
- [F1]Represents a grant of 255,024 rights to acquire common shares pursuant to the terms of the Issuer's Restricted Shares Granting Plan and applicable documentation thereunder ("Restricted Shares"). The Restricted Shares vest in three equal annual installments on May 5, 2027, May 5, 2028 and May 5, 2029, contingent on the reporting person's continued service on each applicable vesting date.
- [F2]In the event that the Issuer does not hold sufficient treasury shares for the settlement of the Restricted Shares on the applicable vesting date, the Reporting Person will be required to subscribe for the Restricted Shares for a nominal price of R$1.00 (one Brazilian real) for all Restricted Shares subject to vesting.