Cosan (CSAN) CLO shifts 103,765 shares between stock and incentive plan
Rhea-AI Filing Summary
Cosan S.A. Chief Legal Officer Maria Rita de Carvalho Drummond reported an internal restructuring of equity holdings coded as "other acquisition or disposition." On 2026-08-10, she shifted 103,765 units at BRL 3.99 between directly held common stock and a Long-Term Incentive Program, with no net change in total shares. Following these movements, she directly holds 2,407,459 common shares, 304,490 Long-Term Incentive Program shares, and 672,888 ADSs, each ADS representing four common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Drummond Maria Rita de Carvalho
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | COMMON STOCK (BVMF: CSAN3) F1, F2 | 103,765 | $3.99 | $414K |
| Other | LONG TERM INCENTIVE (BVMF: CSAN3) F2, F1 | 103,765 | $3.99 | $414K |
| holding | ADS CSAN F3 | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK (BVMF: CSAN3) — 2,407,459 shares (Direct);
LONG TERM INCENTIVE (BVMF: CSAN3) — 304,490 shares (Direct);
ADS CSAN — 672,888 shares (Direct)
Footnotes (3)
- F1. Brazilian reais.
- F2. Right to receive shares resulting from Long-Term Incentive Programs - The Program designates eligible individuals of the Cosan Group who are granted shares, subject to continued service with the Group for a specified period (vesting), and which may also be linked to the achievement of certain performance targets. As of this date, the amount reported represents the number of shares granted to the reporting person. Such amount may increase or decrease as of the actual delivery date, depending on the level of achievement of the applicable targets and the applicable tax effects. All amounts are shown in gross terms.
- F3. Each American Depositary Shares represents four shares of Common Stock.
Key Figures
Restructured units: 103,765 shares
Recorded price: BRL 3.99 per share
Common shares held: 2,407,459 shares
+2 more
5 metrics
Restructured units
103,765 shares
Internal transfer on 2026-08-10 between common stock and Long-Term Incentive holdings
Recorded price
BRL 3.99 per share
Price applied to the 103,765-unit restructuring transaction, denominated in Brazilian reais
Common shares held
2,407,459 shares
Direct Cosan common stock holdings after the reported transactions
Long-Term Incentive shares
304,490 shares
Long-Term Incentive Program shares attributed to the reporting person as of the date
ADS holdings
672,888 ADSs
Directly held ADS CSAN; each ADS represents four common shares
Key Terms
Long-Term Incentive Programs, vesting, performance targets, American Depositary Shares, +1 more
5 terms
Long-Term Incentive Programs financial
"Right to receive shares resulting from Long-Term Incentive Programs - The Program designates eligible"
vesting financial
"shares, subject to continued service with the Group for a specified period (vesting), and which may also"
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.
performance targets financial
"and which may also be linked to the achievement of certain performance targets. As of this date, the"
Brazilian reais financial
"Brazilian reais."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the size of Maria Rita de Carvalho Drummond’s Long-Term Incentive holdings in Cosan (CSAN)?
Her Long-Term Incentive Program position totals 304,490 shares as of the transaction date. These awards are subject to vesting and may vary based on performance targets and applicable tax effects.
At what price were the Cosan (CSAN) internal transfers recorded on the Form 4?
The internal transfers involving 103,765 units were recorded at BRL 3.99 per unit. A footnote specifies that this amount is denominated in Brazilian reais, the currency of the underlying transactions.
How many Cosan (CSAN) ADSs does the reporting person hold after the transaction?
The filing shows a direct holding of 672,888 Cosan ADSs. A footnote explains that each ADS represents four shares of Cosan common stock, providing additional context on her indirect economic exposure.
Does the Cosan (CSAN) Form 4 indicate any net buying or selling by the insider?
The reported entries are coded as "other acquisition or disposition" with matched acquire and dispose amounts of 103,765 units, and the summary indicates a neutral net buy/sell share count from these restructuring transactions.