Gerdau officer corrects to 37,511 preferred shares
Rhea-AI Filing Summary
GERDAU S.A. (GGB) reports an amended Form 3 for officer Gustavo de Franca Silva, updating his equity holdings. The amendment corrects the number of preferred shares beneficially owned, now reported as 37,511 shares held directly. It also lists several outstanding restricted stock unit (RSU) awards over preferred shares, with exercise prices stated in Brazilian reais and vesting dates from February 2027 through February 2029. The filing records positions only and does not report any new purchases, sales, or exercises.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
de Franca Gustavo Silva
Role
Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F2 | -- | -- | -- |
| holding | Restricted Stock Units F3 | -- | -- | -- |
| holding | Restricted Stock Units F4 | -- | -- | -- |
| holding | Restricted Stock Units F5 | -- | -- | -- |
| holding | Preferred shares F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 61,946 contracts (Direct);
Preferred shares — 37,511 shares (Direct)
Footnotes (5)
- F1. This Form 3 is being filed to correct the number of preferred shares beneficially owned reported in the original filing.
- F2. Restricted stock units vest on February 12, 2027. Exercise price denominated in Brazilian reais (R$).
- F3. Restricted stock units vest on August 1, 2027. Exercise price denominated in Brazilian reais (R$).
- F4. Restricted stock units vest on February 12, 2028. Exercise price denominated in Brazilian reais (R$).
- F5. Restricted stock units vest on February 12, 2029. Exercise price denominated in Brazilian reais (R$).
Key Figures
Preferred shares beneficially owned: 37,511 shares
RSU underlying preferred shares (R$19.50): 3,570 shares
RSU underlying preferred shares (R$19.06): 50,221 shares
+3 more
6 metrics
Preferred shares beneficially owned
37,511 shares
Direct ownership after correction as of 2026-05-05
RSU underlying preferred shares (R$19.50)
3,570 shares
Restricted stock units over preferred shares, exercise price R$19.5000, expiring 2027-02-12
RSU underlying preferred shares (R$19.06)
50,221 shares
Restricted stock units over preferred shares, exercise price R$19.0600, expiring 2027-08-01
RSU underlying preferred shares (R$18.32)
4,117 shares
Restricted stock units over preferred shares, exercise price R$18.3200, expiring 2028-02-12
RSU underlying preferred shares (R$20.83)
4,038 shares
Restricted stock units over preferred shares, exercise price R$20.8300, expiring 2029-02-12
RSU vesting dates
2027-02-12; 2027-08-01; 2028-02-12; 2029-02-12
Footnotes state the RSUs vest on these dates, matching their expiration dates
Key Terms
Restricted stock units, beneficially owned, Brazilian reais (R$), preferred shares
4 terms
Restricted stock units financial
"Restricted stock units vest on February 12, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
beneficially owned financial
"to correct the number of preferred shares beneficially owned reported"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Brazilian reais (R$) financial
"Exercise price denominated in Brazilian reais (R$)."
FAQ
What does this Form 3/A amendment report for GERDAU S.A. (GGB)?
It reports an amended initial ownership statement for officer Gustavo de Franca Silva, correcting the number of preferred shares beneficially owned and detailing several outstanding restricted stock unit awards over preferred shares, without reporting any new buy or sell transactions.
What are the exercise prices and currency for the GERDAU (GGB) RSUs in this Form 3/A?
Exercise prices for the RSUs are R$19.50, R$19.06, R$18.32, and R$20.83. Footnotes specify that each exercise price is denominated in Brazilian reais (R$) rather than in U.S. dollars.
When do the reported GERDAU (GGB) restricted stock units vest and expire?
The RSUs vest on February 12, 2027, August 1, 2027, February 12, 2028, and February 12, 2029. Each vesting date matches the respective expiration date reported for those restricted stock unit positions.
Does this GERDAU (GGB) Form 3/A show any insider buying or selling?
No. The entries are classified as holding records, and the transaction summary shows no reported purchases, sales, exercises, gifts, or other dispositions. It is an ownership-correction and position-reporting amendment rather than a transaction report.
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