Director at ENERGY CO OF PARANA (ELPC) reports 113,453 shares and RSUs
Rhea-AI Filing Summary
ENERGY CO OF PARANA director reports initial holdings in Form 3. Marcel Martins Malczewski reports direct ownership of 113,453 common shares. He also holds restricted stock units that represent 283.2210 underlying common shares, with an exercise price of 0.0000 per unit.
According to the award terms, these RSUs vest in full and each unit converts into one common share on 04/25/2027, as long as he continues in service through that vesting date. The filing does not show any new purchases or sales; it establishes his existing equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Malczewski Marcel Martins
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units ("RSUs") | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units ("RSUs") — 283.221 shares (Direct);
Common Stock — 113,453 shares (Direct)
Footnotes (1)
- F1. Unless earlier forfeited under the terms of the RSUs, the awards vest in full and each RSU converts into one common share of the Issuer on 04/25/2027, subject to the Reporting Person's continued service through such vesting date.
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FAQ
What does the ELPC Form 3 filing by Marcel Martins Malczewski show?
The Form 3 shows Marcel Martins Malczewski’s initial ownership in ENERGY CO OF PARANA, including 113,453 common shares and RSUs tied to 283.2210 common shares. It establishes his starting equity position as a director, without reporting any new transactions.
What restricted stock units (RSUs) are reported in the ELPC Form 3?
The filing reports RSUs linked to 283.2210 underlying common shares with a conversion price of 0.0000. These units are a form of equity compensation that can convert into common shares if vesting conditions related to continued service are satisfied by the director.
Does the ELPC Form 3 disclose any insider buying or selling activity?
No insider buying or selling is disclosed in this Form 3. The entries are classified as holdings, meaning they record existing positions in common stock and RSUs, rather than reporting new market transactions or changes in ownership through purchases or sales.
What is the significance of the RSU exercise price of 0.0000 in the ELPC filing?
An exercise price of 0.0000 indicates Malczewski is not required to pay cash to convert each RSU into a common share. Instead, vesting and continued service to ENERGY CO OF PARANA determine whether these 283.2210 underlying shares are ultimately delivered.