Eletrobras (NYSE: EBR) exec has shares withheld for RSU taxes

Rhea-AI Filing Summary

Eletrobras – Brazilian Electric Power Co executive Elio Gil de Meirelles Wolff reported a routine tax withholding related to equity compensation. On March 30, 2026, the company withheld 2,068 Common Shares to cover applicable withholding taxes triggered by the vesting of restricted stock units (RSUs).

This was not an open-market sale but a payment of tax liability using shares. Each RSU is economically equivalent to one Common Share and settles 1:1 under the company’s restricted share based compensation program for executive officers. After this transaction, the executive’s combined position, including vested RSUs (net of tax), unvested RSUs, and Common Shares, totals 25,911 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider de Meirelles Wolff Elio Gil

Role See Remarks*

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	2,068	$0.00	--

Holdings After Transaction: Common Shares — 25,911 shares (Direct)

Footnotes (1)

1. Represents shares withheld by the Company in satisfaction of applicable withholding taxes due in connection with the vesting of fifty percent of the RSUs and delivery of the converted Common Shares. Each restricted stock unit ("RSU") is the economic equivalent of one Common Share, is settled in Common Shares on a 1:1 basis, and was issued pursuant to the Eletrobras -Brazilian Electric Power Co.'s (the "Company") restricted share based compensation program. These RSUs are reserved for the executive officers. Represents the sum of (i) RSUs vested on March 30, 2026 (net of tax withholding), (ii) unvested RSUs, and (iii) common shares held by the executive officer.

Key Figures

Shares withheld for taxes: 2,068 shares Shares after transaction: 25,911 shares RSU-to-share ratio: 1 RSU = 1 Common Share +1 more

4 metrics

Shares withheld for taxes 2,068 shares Common Shares withheld on March 30, 2026 for RSU tax obligations

Shares after transaction 25,911 shares Total of vested RSUs (net of tax), unvested RSUs, and Common Shares

RSU-to-share ratio 1 RSU = 1 Common Share RSUs settled in Common Shares on a 1:1 basis

Tax-withholding shares 2,068 shares transactionSummary taxWithholdingShares reported in Form 4

Key Terms

restricted stock unit ("RSU"), withholding taxes, restricted share based compensation program, tax-withholding disposition

4 terms

restricted stock unit ("RSU") financial

"Each restricted stock unit ("RSU") is the economic equivalent of one Common Share"

withholding taxes financial

"shares withheld by the Company in satisfaction of applicable withholding taxes due"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

restricted share based compensation program financial

"issued pursuant to the Eletrobras -Brazilian Electric Power Co.'s restricted share based compensation program"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

de Meirelles Wolff Elio Gil

(Last) (First) (Middle)

AVENIDA GRACA ARANHA, NO. 26

CENTRO

(Street)

RIO DE JANEIRO 20030-000

(City) (State) (Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
BRAZILIAN ELECTRIC POWER CO [ AXIA3 ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks*

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/30/2026		F(1)		2,068	D	(2)	25,911(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld by the Company in satisfaction of applicable withholding taxes due in connection with the vesting of fifty percent of the RSUs and delivery of the converted Common Shares.

2. Each restricted stock unit ("RSU") is the economic equivalent of one Common Share, is settled in Common Shares on a 1:1 basis, and was issued pursuant to the Eletrobras -Brazilian Electric Power Co.'s (the "Company") restricted share based compensation program. These RSUs are reserved for the executive officers.

3. Represents the sum of (i) RSUs vested on March 30, 2026 (net of tax withholding), (ii) unvested RSUs, and (iii) common shares held by the executive officer.

Remarks:

*Executive Vice-President of Strategy and Business Development

	/s/ Elio Gil de Meirelles Wolff	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did EBR report for Elio Gil de Meirelles Wolff?

Eletrobras reported that executive Elio Gil de Meirelles Wolff had 2,068 Common Shares withheld to pay taxes on vested RSUs. This was a tax-withholding disposition, not an open-market sale, and reflects routine handling of equity compensation obligations.

Did the EBR executive sell shares on the open market in this Form 4?

No, the Form 4 shows no open-market sale. Instead, 2,068 Common Shares were withheld by Eletrobras to satisfy withholding taxes from RSU vesting, meaning the shares were used to pay tax liabilities rather than sold to outside investors.

How many EBR-related shares does the executive hold after this RSU tax withholding?

Following the tax withholding, the executive’s total position is 25,911 shares. This figure combines RSUs vested on March 30, 2026 (net of tax), remaining unvested RSUs, and Common Shares held directly, as described in the Form 4 footnotes.

What are RSUs in the context of EBR’s compensation program?

At Eletrobras, each restricted stock unit (RSU) is economically equivalent to one Common Share and settles on a 1:1 basis. These RSUs are issued under the company’s restricted share based compensation program specifically reserved for executive officers, aligning pay with share performance.

Why were 2,068 EBR Common Shares withheld from the executive?

The 2,068 Common Shares were withheld to cover applicable withholding taxes due when fifty percent of the executive’s RSUs vested. Instead of paying cash, the company used a portion of the resulting shares to satisfy the tax obligations associated with the vesting event.