Material Fact: Approval of "equity swap" derivative contracts
Embraer (NYSE: ERJ) announced that its Board approved execution of equity swap derivative agreements with Banco Itaú Unibanco, effective Nov 7, 2025.
The swaps are cash-settled within 12 months, reference the company’s common shares and have a maximum exposure of 10,932,998 common shares under the limit set by CVM Resolution No. 77/22. Under the contracts the company will receive the price variation of its shares plus dividends and will pay CDI plus a spread. The stated purpose is to hedge share-price fluctuations
Embraer (NYSE: ERJ) ha annunciato che il suo Consiglio ha approvato l'esecuzione di accordi derivati equity swap con Banco Itaú Unibanco, con efficacia dal 7 novembre 2025.
Gli swap sono pagabili in contanti entro 12 mesi, fanno riferimento alle azioni ordinarie della società e hanno una esposizione massima di 10.932.998 azioni ordinarie secondo il limite stabilito dalla Risoluzione CVM n. 77/22. Ai contratti la società riceverà la variazione di prezzo delle proprie azioni più dividendi e pagherà CDI più uno spread. Lo scopo dichiarato è coprire fluttuazioni del prezzo delle azioni legate ai futuri pagamenti nell'ambito dei piani di incentivazione a lungo termine (piani phantom share).
Embraer (NYSE: ERJ) anunció que su Junta aprobó la ejecución de acuerdos derivados de equity swap con Banco Itaú Unibanco, con efecto a partir del 7 de noviembre de 2025.
Los swaps son liquidados en efectivo dentro de 12 meses, se refieren a las acciones ordinarias de la empresa y tienen una exposición máxima de 10,932,998 acciones ordinarias bajo el límite establecido por la Resolución CVM No. 77/22. Bajo los contratos la empresa recibirá la variación de precio de sus acciones más dividendos y pagará CDI más un diferencial. El propósito declarado es cubrir las fluctuaciones del precio de las acciones vinculadas a futuros pagos bajo planes de incentivos de largo plazo (planes phantom share).
엠브라에르(NYSE: ERJ) 이사회는 Banco Itaú Unibanco와의 주식 스왑 파생 계약 체결을 2025년 11월 7일부로 승인했다고 발표했습니다.
스왑은 12개월 이내 현금결제로 이루어지며, 회사의 보통주를 기준으로 하며 CVM 제77/22호의 한도 아래 최대 노출 수는 10,932,998주의 보통주입니다. 계약에 따라 회사는 주가 변동 및 배당금을 받고 CDI에 스프레드를 더해 지불합니다. 명시된 목적은 장기 인센티브 플랜(팬텀 스톡)과 관련된 미래 지급에 대한 주가 변동성 헤지입니다.
Embraer (NYSE: ERJ) a annoncé que son Conseil d'administration a approuvé l'exécution d'accords dérivés equity swap avec Banco Itaú Unibanco, avec effet au 7 novembre 2025.
Les swaps sont réglés en espèces dans les 12 mois, se réfèrent aux actions ordinaires de la société et présentent une exposition maximale de 10 932 998 actions ordinaires selon la limite fixée par la Résolution CVM n° 77/22. En vertu des contrats, l'entreprise recevra la variation de prix de ses actions plus les dividendes et paiera CDI plus une marge. Le but déclaré est couvrir les fluctuations du cours des actions liées à de futurs paiements dans le cadre de plans d'intéressement à long terme (plans phantom stock).
Embraer (NYSE: ERJ) gab bekannt, dass der Vorstand die Ausführung von Equity Swap-Derivativevereinbarungen mit Banco Itaú Unibanco genehmigt hat, wirksam ab dem 7. November 2025.
Die Swaps sind innerhalb von 12 Monaten bar abzurechnen, beziehen sich auf die Stammaktien des Unternehmens und haben eine maximale Exposition von 10.932.998 Stammaktien gemäß dem Limit der CVM Resolution Nr. 77/22. Nach den Verträgen wird das Unternehmen die Kursänderung seiner Aktien zuzüglich Dividenden erhalten und CDI zuzüglich eines Spreads zahlen. Zweck ist die Aktienkursfluktuationen abzusichern, die mit zukünftigen Zahlungen aus langfristigen Anreizplänen (Phantom-Share-Pläne) verbunden sind.
إمبراير (NYSE: ERJ) أعلنت أن مجلس إدارتها وافق على تنفيذ اتفاقيات مشتقة تبادل الأسهم مع بنك Itaú Unibanco، سارية بدءاً من 7 نوفمبر 2025.
تُسدد المبادلات نقداً خلال 12 شهراً، وتسترشد بأسهم الشركة العادية ولها تعرض أقصى قدره 10,932,998 سهماً عاماً بموجب الحد المُحدَّد بموجب قرار CVM رقم 77/22. وفقاً للعقود ستتلقى الشركة تغير سعر أسهمها بالإضافة إلى الأرباح وتدفع CDI بالإضافة إلى هامش. الهدف المعلن هو تحوط تقلبات سعر السهم المرتبطة بالمدفوعات المستقبلية ضمن خطط الحوافز طويلة الأجل (خطط phantom stock).
- Cash-settled swaps limit share issuance risk within 12 months
- Hedge designed to protect funding for long-term incentive (phantom) payments
- Counterparty is a major bank: Banco Itaú Unibanco
- Maximum exposure of 10,932,998 common shares creates sizeable derivative liability
- Company will incur cash costs paying CDI plus a spread during the contract term
- Counterparty and market settlement risk tied to cash settlement within 12 months
EMBRAER S.A.
Publicly Held Company
CNPJ/MF 07.689.002/0001-89
NIRE 35.300.325.761
SÃO JOSÉ DOS CAMPOS,
Equity Swap Settlement: cash settlement, within a maximum period of 12 months from November 7, 2025.
Maximum Exposure: up to 10,932,998 common shares, observing the limit established in CVM Resolution No. 77/22.
Conditions: the Equity Swap will allow the Company to receive the price variation related to its shares traded on the stock exchange plus any dividends distributed to the shares subject to the Equity Swap (active end) and pay CDI plus a spread (passive end), during the term of the agreement.
Purpose: need to mitigate fluctuations in the prices of shares issued by the Company, in view of future payments to be made by the Company within the scope of its long-term incentive plans (phantom shares).
Antonio Carlos Garcia
Executive Vice President, Financial & Investor Relations
View original content:https://www.prnewswire.com/news-releases/material-fact-approval-of-equity-swap-derivative-contracts-302608112.html
SOURCE Embraer S.A.
FAQ
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