Brazilian Electric Power (AXIA3) director details direct and indirect stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Brazilian Electric Power Co director Vicente Falconi Campos filed an initial ownership report detailing his equity interests. He directly holds Class “B1” and Class “C” preferred shares, plus 40,476 restricted stock units that each equal one common share. Additional Class “B1” and Class “C” preferred shares are held indirectly through investment funds Startours FIA IE and Tuca FIA Responsabilidade Limitada, where he is a controlling shareholder but disclaims beneficial ownership beyond his economic interest. The Class “C” preferred shares automatically convert into common shares on a 1:1 basis, with 4% of originally issued Class “C” shares converting in each fiscal year from 2026 to 2030 and all remaining shares converting in fiscal year 2031, unless earlier redeemed.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Falconi Campos Vicente
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class "C" Preferred Shares | -- | -- | -- |
| holding | Class "C" Preferred Shares | -- | -- | -- |
| holding | Class "C" Preferred Shares | -- | -- | -- |
| holding | Class "B1" Preferred Shares | -- | -- | -- |
| holding | Class "B1" Preferred Shares | -- | -- | -- |
| holding | Class "B1" Preferred Shares | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Class "C" Preferred Shares — 52,567 shares (Direct);
Class "C" Preferred Shares — 980,750 shares (Indirect, See Footnotes);
Class "B1" Preferred Shares — 212,799 shares (Direct);
Class "B1" Preferred Shares — 3,818,090 shares (Indirect, See Footnotes);
Restricted Stock Units — 40,476 shares (Direct)
Footnotes (1)
- Vicente Falconi Campos ("Mr. Campos") is a controlling shareholder in STARTOURS FIA IE ("Startours") which directly holds 3,818,090 Class "B1" Preferred Shares and 980,750 Class "C" Preferred Shares of Eletrobras - Brazilian Electric Power Co. (the "Company"). Mr. Campos may be deemed to indirectly beneficially own these shares by virtue of control over Startours. For the purposes of this filing, each of Startours and Mr. Campos disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Startours or Mr. Campos is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise. Mr. Campos is a controlling shareholder in TUCA FIA RESPONSABILIDADE LIMITADA ("Tuca") which directly holds 2,232,989 Class "B1" Preferred Shares and 573,588 Class "C" Preferred Shares of the Company. Mr. Campos may be deemed to indirectly beneficially own these shares by virtue of control over Tuca. For the purposes of this filing, each of Tuca and Mr. Campos disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Tuca or Mr. Campos is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise. Each restricted stock unit ("RSU") is the economic equivalent of one Common Share, is settled in Common Shares on a 1:1 basis, and was issued pursuant to the Company's restricted share based compensation program. These RSUs are reserved for the Board of Directors. Pursuant to Article 11 of the Bylaws of 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.
FAQ
What does the Form 3 filing for AXIA by Vicente Falconi Campos show?
The Form 3 shows director Vicente Falconi Campos’ initial ownership in Brazilian Electric Power Co, including direct and indirect preferred share stakes and 40,476 restricted stock units that each represent one common share under the company’s compensation program.
How many Brazilian Electric Power Co RSUs does Vicente Falconi Campos report?
He reports 40,476 restricted stock units. Each RSU is economically equivalent to one common share and is settled 1:1 in common shares under the company’s restricted share-based compensation program reserved for the Board of Directors, aligning director compensation with shareholder interests.
What indirect Brazilian Electric Power Co holdings does Startours FIA IE have?
Startours FIA IE directly holds 3,818,090 Class “B1” preferred shares and 980,750 Class “C” preferred shares of Brazilian Electric Power Co. Vicente Falconi Campos is a controlling shareholder of Startours and may be deemed to indirectly own these shares through his control of the fund.
What indirect AXIA holdings does Tuca FIA Responsabilidade Limitada report?
Tuca FIA Responsabilidade Limitada holds 2,232,989 Class “B1” preferred shares and 573,588 Class “C” preferred shares of Brazilian Electric Power Co. The filing states Vicente Falconi Campos controls Tuca and may be deemed to indirectly own these shares through that control relationship.