AXIA Energia executive converts 377 preferred shares
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Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. executive vice-president Wolff Elio Gil de Meirelles converted 377 Class “C” preferred shares into 377 common shares on October 20, 2026, in connection with the mandatory redemption of 17.38% of the company’s outstanding PNC Shares, announced October 7, 2026. After the transaction, 1,793 Class “C” preferred shares were reported, and the reporting person’s combined RSUs and common shares totaled 86,229.
Insider Trade Summary
377 shares exercised/converted
Exercise
2 txns
Insider
de Meirelles Wolff Elio Gil
Role
See Remarks*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class "C" Preferred Shares F3, F1 | 377 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F2 | 377 | $0.00 | $0.00 |
Holdings After Transaction:
Class "C" Preferred Shares — 1,793 contracts (Direct);
Common Shares — 86,229 shares (Direct)
Footnotes (3)
- F1. On October 20, 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 17.38% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on October 7, 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
Shares converted: 377 Class “C” preferred shares into 377 common shares
Class “C” preferred shares following transaction: 1,793 shares
Combined RSUs and common shares: 86,229 shares
+3 more
6 metrics
Shares converted
377 Class “C” preferred shares into 377 common shares
October 20, 2026
Class “C” preferred shares following transaction
1,793 shares
Reported following the October 20, 2026 transaction
Combined RSUs and common shares
86,229 shares
Reported as the sum of RSUs and common shares held by the reporting person
Mandatory redemption
17.38% of outstanding PNC Shares
Announced October 7, 2026
PNC Share conversion ratio
1:1
Provided in the company’s bylaws
Scheduled conversion allocation
4% of the total volume of originally issued PNC Shares
Allocated proportionally among holders in each fiscal year from 2026 through 2030
Key Terms
PNC Shares, mandatory redemption, RSUs, automatically converted
4 terms
mandatory redemption financial
"mandatory redemption of 17.38% of AXIA Energia S.A."
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.
automatically converted financial
"shall be automatically converted into Common Shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AXIAY executive vice-president Wolff Elio Gil de Meirelles report?
On October 20, 2026, Wolff Elio Gil de Meirelles converted 377 Class “C” preferred shares into 377 common shares. After the transaction, 1,793 Class “C” preferred shares were reported, and the reporting person’s combined RSUs and common shares totaled 86,229.
AI-generated analysis. How Rhea-AI works. Not financial advice.
