Braskem (NYSE: BAK) officer details ADR and unit awards in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Braskem SA filed an initial Form 3 for officer Soller Ferreira Walmir, reporting direct and derivative interests in American Depositary Receipts (ADRs). He holds 82,465 ADRs directly. In addition, he has American Depositary Receipt Units that vest on September 6, 2026, June 5, 2027, and June 16, 2028, covering 21,056, 35,038 and 60,950 underlying ADRs, respectively. Each unit represents a contingent right to receive one ADR, which may be settled in ADRs, cash, or a combination at Braskem’s discretion, subject to conditions in the applicable agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Soller Ferreira Walmir
Role
NAMEA Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | American Depositary Receipt Units | -- | -- | -- |
| holding | American Depositary Receipt Units | -- | -- | -- |
| holding | American Depositary Receipt Units | -- | -- | -- |
| holding | American Depositary Receipt | -- | -- | -- |
Holdings After Transaction:
American Depositary Receipt Units — 21,056 shares (Direct);
American Depositary Receipt — 82,465 shares (Direct)
Footnotes (1)
- These American Depositary Receipt Units vest on September 06, 2026, subject to certain other conditions set forth in the agreement. These American Depositary Receipt Units vest on June 05, 2027, subject to certain other conditions set forth in the agreement. These American Depositary Receipt Units vest on June 16, 2028, subject to certain other conditions set forth in the agreement. Each American Depositary Receipt Unit represents a contingent right to receive one American Depositary Receipt. The units will be settled in either American Depositary Receipts or cash (or a combination thereof) at the discretion of the Issuer.
FAQ
What does Braskem SA (BAK) Form 3 for Soller Ferreira Walmir report?
The Form 3 reports Soller Ferreira Walmir’s initial beneficial ownership in Braskem SA American Depositary Receipts. It shows direct holdings of 82,465 ADRs and several American Depositary Receipt Unit awards that vest over 2026, 2027 and 2028, each representing contingent rights to additional ADRs.
How many Braskem SA ADRs does Soller Ferreira Walmir directly hold?
He directly holds 82,465 American Depositary Receipts of Braskem SA. This direct position is separate from his American Depositary Receipt Unit awards, which represent contingent rights to receive additional ADRs in the future, subject to vesting dates and other conditions under the applicable agreements.
What are the vesting schedules for Braskem SA ADR Units in this Form 3?
The ADR Units vest on three dates: 21,056 units on September 6, 2026, 35,038 units on June 5, 2027, and 60,950 units on June 16, 2028. Vesting is also subject to other conditions specified in the respective award agreements for each grant.
What does each American Depositary Receipt Unit represent for Braskem SA (BAK)?
Each American Depositary Receipt Unit represents a contingent right to receive one American Depositary Receipt of Braskem SA. Upon settlement, the issuer may deliver ADRs, cash, or a combination of both, at its discretion, provided the vesting and other agreement conditions have been satisfied.
Is there any buy or sell transaction in this Braskem SA Form 3 filing?
The Form 3 reflects holdings rather than buy or sell transactions. All entries are reported as existing ownership positions or awards, with transaction codes not indicating purchases or sales, and a transaction summary showing no buy or sell shares, only holding-related entries.