[Form 3] BRAZILIAN ELECTRIC POWER CO Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
Brazilian Electric Power Co (Eletrobras) director de Bittencourt Marinho Gisomar Francisco has reported his initial equity holdings. He directly owns 4,650 Common Shares and 1,222 Class "C" Preferred Shares.
The Class "C" Preferred Shares are automatically convertible into Common Shares at a 1:1 ratio. Under the company’s bylaws, 4% of the originally issued Class "C" Preferred Shares convert each fiscal year from 2026 through 2030, with all remaining Class "C" Preferred Shares converting in fiscal year 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
de Bittencourt Marinho Gisomar Francisco
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class "C" Preferred Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 1,222 shares (Direct);
Common Shares — 4,650 shares (Direct)
Footnotes (1)
- F1. Pursuant to Article 11 of the Bylaws of Eletrobras - Brazilian Electric Power Co. (the "Company"), the Class "C" Preferred Shares shall be automatically converted into Common Shares, assuming such Class "C" Preferred Shares are not earlier mandatorily redeemed by the Company in accordance with its Bylaws, at a ratio of 1:1, as follows: * 4% of the total volume of originally-issued Class "C" Preferred Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and * all Class "C" Preferred Shares remaining, in fiscal year 2031.
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