AXIA Energia officer gets share grant, converts PNC
AXIA Energia S.A. officer de Souza Monteiro Ivan reported acquiring additional equity through a share award and a preferred-share conversion.
Rhea-AI Filing Summary
AXIA Energia S.A. officer de Souza Monteiro Ivan reported acquiring additional equity through a share award and a preferred-share conversion. He received 48 Common Shares as a grant at no cost and had 48 Class "C" preferred shares converted into Common Shares under a mandatory redemption of 0.0951% of the company’s outstanding PNC Shares. Following these transactions, he holds 416,125 Common Shares and 50,553 Class "C" preferred shares, with future automatic conversions of PNC Shares scheduled between 2026 and 2031 under the company’s bylaws.
Positive
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Negative
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Insider Trade Summary
48 shares exercised/converted
Exercise
2 txns
Insider
de Souza Monteiro Ivan
Role
See Remarks*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class "C" Preferred Shares | 48 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 48 | $0.00 | $0.00 |
Holdings After Transaction:
Class "C" Preferred Shares — 50,553 contracts (Direct);
Common Shares — 416,125 shares (Direct)
Footnotes (3)
- F1. On July 1, 2026, certain of the class "C" preferred shares ("PNC Shares") previously reported herein were converted into Common Shares, in connection with the mandatory redemption of 0.0951% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on June 14, 2026 and pursuant to the terms of the Company's bylaws.
- F2. Represents the sum of (i) RSUs; and (ii) common shares held by the reporting person.
- F3. Pursuant to Article 11 of the Bylaws of the Company, the PNC Shares shall be automatically converted into Common Shares, assuming such PNC 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 PNC Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and all PNC Shares remaining, in fiscal year 2031.
Key Figures
Common Shares granted: 48 shares
PNC Shares converted: 48 shares
Common Shares after transactions: 416,125 shares
+4 more
7 metrics
Common Shares granted
48 shares
Grant, award, or other acquisition of Common Shares at $0.0000 per share on July 1, 2026
PNC Shares converted
48 shares
Conversion of Class "C" preferred PNC Shares into 48 Common Shares on July 1, 2026
Common Shares after transactions
416,125 shares
Total Common Shares directly held by the insider following the July 1, 2026 transactions
Class "C" preferred after transactions
50,553 shares
Total Class "C" preferred PNC Shares directly held after the conversion on July 1, 2026
Mandatory redemption fraction
0.0951% of outstanding PNC Shares
Portion of AXIA Energia’s outstanding PNC Shares subject to mandatory redemption announced June 14, 2026
Annual automatic conversion rate
4% of originally issued PNC Shares
Automatic conversion each fiscal year from 2026 through 2030 under Article 11 of the bylaws
Final conversion year
Fiscal year 2031
All remaining PNC Shares automatically convert into Common Shares in 2031 under the bylaws
Key Terms
mandatory redemption, RSUs, PNC Shares, automatic conversion, +1 more
5 terms
mandatory redemption financial
"in connection with the mandatory redemption of 0.0951% of AXIA Energia S.A.'s outstanding PNC Shares"
Mandatory redemption is a contract clause that forces an issuer to buy back a security—such as a bond, preferred share, or convertible—under specified conditions or at scheduled times. For investors it matters because it determines when and how they will get their principal or liquidation value returned, affects the timing of income, and can change the total number of outstanding securities, similar to a store being required to repurchase a product on a set schedule.
RSUs financial
"Represents the sum of (i) RSUs; and (ii) common shares held by the reporting person."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
automatic conversion financial
"the PNC Shares shall be automatically converted into Common Shares"
Article 11 of the Bylaws financial
"Pursuant to Article 11 of the Bylaws of the Company, the PNC Shares shall be automatically converted"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did AXIA (AXIA3) report for de Souza Monteiro Ivan?
AXIA reported that officer de Souza Monteiro Ivan received 48 Common Shares as a share grant and had 48 Class "C" preferred PNC Shares converted into Common Shares, both dated July 1, 2026, increasing his direct Common Share holdings.
Does the AXIA (AXIA3) Form 4 mention RSUs held by the insider?
One footnote states the reported Common Share total represents the sum of restricted stock units (RSUs) and Common Shares held by the reporting person. This clarifies that his 416,125-share figure includes both awarded RSUs and directly held shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
