AXIA Energia (AXIAY) CEO converts PNC preferred stock to common
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) reports that Chief Executive Officer Ivan de Souza Monteiro converted 3,103 Class "C" preferred shares (PNC Shares) into 3,103 common shares on August 17, 2026, in connection with the mandatory redemption of 6.14% of the company’s outstanding PNC Shares. After these transactions, he holds 47,450 PNC Shares and an aggregate of 419,228 common shares and RSUs. The bylaws provide for automatic 1:1 conversion of PNC Shares, including 4% of the originally issued PNC Shares in each fiscal year from 2026 through 2030 and all remaining PNC Shares in 2031.
Positive
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Insider Trade Summary
Net Buyer: 3,103 shares
Net Buy
2 txns
Insider
de Souza Monteiro Ivan
Role
See Remarks*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class "C" Preferred Shares F3, F1 | 3,103 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F2 | 3,103 | $0.00 | $0.00 |
Holdings After Transaction:
Class "C" Preferred Shares — 47,450 shares (Direct);
Common Shares — 419,228 shares (Direct)
Footnotes (3)
- F1. On August 17, 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 6.14% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on August 6, 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
PNC Shares Converted: 3,103 shares
Common Shares/RSUs After Transaction: 419,228 shares/RSUs
PNC Shares After Transaction: 47,450 shares
+4 more
7 metrics
PNC Shares Converted
3,103 shares
Class "C" preferred (PNC) shares converted into common shares on August 17, 2026
Common Shares/RSUs After Transaction
419,228 shares/RSUs
Aggregate of RSUs and common shares held by CEO after the transactions
PNC Shares After Transaction
47,450 shares
Class "C" preferred PNC Shares held by CEO following the conversion
Mandatory Redemption Percentage
6.14%
Portion of AXIA Energia’s outstanding PNC Shares subject to mandatory redemption
Annual Automatic Conversion Rate
4%
Percentage of originally issued PNC Shares automatically converted each year from 2026–2030
Final Conversion Year
2031
Year in which all remaining PNC Shares convert into common shares under the bylaws
Conversion Ratio
1:1
PNC Shares automatically convert into common shares at a one-for-one ratio
Key Terms
mandatory redemption, PNC Shares, RSUs, Article 11 of the Bylaws
4 terms
mandatory redemption financial
"in connection with the mandatory redemption of 6.14% 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"
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.
Article 11 of the Bylaws regulatory
"Pursuant to Article 11 of the Bylaws of the Company, the PNC Shares"
FAQ
What insider transactions did AXIA Energia (AXIAY) report for August 17, 2026?
AXIA Energia reported that CEO Ivan de Souza Monteiro converted 3,103 Class "C" preferred PNC Shares into 3,103 common shares. The conversion occurred in connection with a 6.14% mandatory redemption of outstanding PNC Shares under the company’s bylaws.
Does the August 17, 2026 AXIA Energia (AXIAY) Form 4 indicate open-market buying or selling by the CEO?
The Form 4 reflects a conversion of 3,103 PNC Shares into common shares and an associated acquisition entry, both at a price of 0.0000 per share. It does not report open-market purchases or sales; the activity stems from mandatory redemption and bylaws-based conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
