Suzano S.A.: vp consumer goods and strategy Gimenez Machado Pablo Francisco sold 20,277 shares

What happened Gimenez Machado Pablo Francisco, vice president of consumer goods and strategy, disposed of 20,277 phantom shares (derivative) on Oct 16, 2026. The Form 4 reports price N/A and indicates the phantom shares were cash settled; no common shares were issued.

Key details

• Transaction date and code: Oct 16, 2026; disposition to issuer (D), derivative transaction.
• Shares and price: 20,277 phantom shares; price per share reported as N/A; total value N/A.
• Shares owned after the transaction: not reported on this Form 4.
• Footnote F1: Cash-settled phantom shares granted on Apr 1, 2023 and vesting on Apr 1, 2026, price referenced to one Suzano common share; phantom shares are settled in cash upon vesting.
• Footnote F2: Performance phantom shares were settled in cash pursuant to the company's long-term incentive plan; no shares were issued upon settlement.
• Filing timeliness: no late filing indicator reported on the Form 4.

Why it may matter This was a cash settlement of performance/phantom shares under Suzano's long-term incentive plan; no actual Suzano common shares were issued in the transaction. A filing does not show why the insider traded or why the company acted.