AXIA Energia CEO converts 9,304 preferred shares
CEO Ivan de Souza Monteiro’s AXIAY holdings shift from PNC Shares to Common Shares through a mandatory bylaw-driven conversion and redemption.
Rhea-AI Filing Summary
AXIA Energia S.A. (AXIAY) reports that Chief Executive Officer Ivan de Souza Monteiro converted 9,304 Class "C" preferred shares (PNC Shares) into 9,304 Common Shares on September 16, 2026, in connection with the mandatory redemption of 19.61% of the company’s outstanding PNC Shares under its bylaws. After this conversion, he holds 38,146 PNC Shares directly, and his Common Share position, including RSUs, totals 397,792 shares. The bylaws provide for automatic 1:1 conversion of remaining PNC Shares over fiscal years 2026–2031, and no Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,304 shares exercised/converted
Exercise
2 txns
Insider
de Souza Monteiro Ivan
Role
See Remarks*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class "C" Preferred Shares F3, F1 | 9,304 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1, F2 | 9,304 | $0.00 | $0.00 |
Holdings After Transaction:
Class "C" Preferred Shares — 38,146 contracts (Direct);
Common Shares — 397,792 shares (Direct)
Footnotes (3)
- F1. On September 16, 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 19.61% of AXIA Energia S.A. (the "Company")'s outstanding PNC Shares announced on September 3, 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: 9,304 shares
Common Shares acquired: 9,304 shares
PNC Shares held after transaction: 38,146 shares
+4 more
7 metrics
PNC Shares converted
9,304 shares
Class "C" preferred (PNC) Shares converted into Common Shares on September 16, 2026
Common Shares acquired
9,304 shares
Common Shares received on conversion of PNC Shares on September 16, 2026
PNC Shares held after transaction
38,146 shares
Direct Class "C" preferred (PNC) holdings of the CEO following the conversion
Common Shares and RSUs held after transaction
397,792 shares
Sum of RSUs and Common Shares held by the CEO after the reported transactions
Mandatory PNC redemption percentage
19.61%
Portion of AXIA Energia S.A.’s outstanding PNC Shares subject to mandatory redemption
Automatic conversion ratio of PNC Shares
1:1
Bylaws provide for 1:1 conversion of PNC Shares into Common Shares
Annual PNC conversion percentage 2026–2030
4% per year
4% of originally issued PNC Shares automatically convert each fiscal year 2026–2030
Key Terms
mandatory redemption, PNC Shares, RSUs, automatic conversion, +1 more
5 terms
mandatory redemption financial
"in connection with the mandatory redemption of 19.61% 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, assuming such PNC Shares are not earlier"
Article 11 of the Bylaws regulatory
"Pursuant to Article 11 of the Bylaws of the Company, the PNC Shares shall be automatically"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AXIAY report for CEO Ivan de Souza Monteiro?
AXIA Energia S.A. reported that CEO Ivan de Souza Monteiro converted 9,304 PNC Shares into 9,304 Common Shares on September 16, 2026, as part of a mandatory redemption of 19.61% of outstanding PNC Shares under the company’s bylaws, with no cash price per share reported.
Was the AXIAY insider transaction done under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote indicating a trading plan. The transactions are reported without being pursuant to a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
