AXIA Energia CEO exercises options for 82,969 shares
The CEO's option terms include performance conditions, staged vesting and a 180-calendar-day post-exercise lock-up.
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Form Type
4
Rhea-AI Filing Summary
AXIA Energia S.A. CEO Monteiro Ivan de Souza converted 4,939 Class “C” preferred shares into common shares on October 30, 2026, in connection with the company’s mandatory redemption of 18.54% of its outstanding PNC Shares, announced October 20, 2026. He also exercised options covering 82,969 common shares at an exercise price of R$57.08 per share. Following the transactions, reported positions were 21,706 Class “C” preferred shares and 1,370,558 stock options. The exercise price accrues interest at 5% per annum from grant to exercise and is subject to certain other adjustments.
Insider Trade Summary
87,908 shares exercised/converted
Exercise
4 txns
Insider
de Souza Monteiro Ivan
Role
See Remarks*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class "C" Preferred Shares F4, F1 | 4,939 | $0.00 | $0.00 |
| Exercise | Stock Options F5, F3, F6, F7 | 82,969 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F2 | 4,939 | $0.00 | $0.00 |
| Exercise | Common Shares F3, F2 | 82,969 | $57.08 | $4.74M |
Holdings After Transaction:
Class "C" Preferred Shares — 21,706 contracts (Direct);
Stock Options — 1,370,558 contracts (Direct);
Common Shares — 497,201 shares (Direct)
Holdings Before and After:
Class "C" Preferred Shares, 26,645 to 21,706 contracts (Direct);
Stock Options, 1,453,527 to 1,370,558 contracts (Direct);
Common Shares, 409,293 to 497,201 shares (Direct)
Footnotes (7)
- F1. On October 30, 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 18.54% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on October 20, 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. The exercise price is R$57.08 per share accrues interest at a rate of 5% per annum from grant date to exercise date and is subject to certain other adjustments.
- F4. 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.
- F5. The stock options were issued pursuant to the Company's restricted share based compensation program. Exercise is conditioned up the achievement of certain performance goals, as set forth in the award agreement, and the satisfaction of certain other conditions.
- F6. 1/3 of the stock options vest 3 years from grant date, with the remaining vesting on the 4th and 5th anniversaries from grant date, subject to certain conditions, as set forth in the award agreement.
- F7. The reporting person must exercise vested options within 120 days after each respective maturity period, failing which the options lapse. Upon exercise, the reporting person is subject to a lock-up period of 180 calendar days during which the shares may not be sold, transferred, or encumbered.
Key Figures
Class “C” preferred shares converted: 4,939 shares
Stock options exercised: 82,969 options
Exercise price: R$57.08 per share
+4 more
7 metrics
Class “C” preferred shares converted
4,939 shares
Converted into common shares on October 30, 2026
Stock options exercised
82,969 options
Exercise reported on October 30, 2026
Exercise price
R$57.08 per share
Options exercised on October 30, 2026
Stock options following transaction
1,370,558 options
Reported following the October 30, 2026 transaction
Class “C” preferred shares following transaction
21,706 shares
Reported following the October 30, 2026 conversion
Exercise-price interest rate
5% per annum
Accrues from grant date to exercise date
Mandatory redemption
18.54%
Of AXIA Energia S.A.’s outstanding PNC Shares; announced October 20, 2026
Key Terms
PNC Shares, restricted share based compensation program, vesting, lock-up period, +1 more
5 terms
vesting financial
"1/3 of the stock options vest 3 years from grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
lock-up period financial
"subject to a lock-up period of 180 calendar days"
A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.
mandatory redemption financial
"in connection with the mandatory redemption of 18.54%"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AXIAY’s CEO report on October 30, 2026?
Monteiro Ivan de Souza reported converting 4,939 Class “C” preferred shares into common shares and exercising options covering 82,969 common shares. The conversion was in connection with the company’s mandatory redemption of 18.54% of its outstanding PNC Shares, announced October 20, 2026.
What was the exercise price for AXIAY’s CEO’s options?
The exercise price was R$57.08 per share. It accrues interest at 5% per annum from the grant date to the exercise date and is subject to certain other adjustments.
How do vesting and exercise deadlines work for AXIAY’s CEO’s options?
One-third of the options vest three years from the grant date, with the remainder vesting on the fourth and fifth anniversaries, subject to conditions. Exercise is conditioned on performance goals and other conditions. Vested options must be exercised within 120 days after each respective maturity period; exercised shares are subject to a 180-calendar-day lock-up.
AI-generated analysis. How Rhea-AI works. Not financial advice.
