GERDAU S.A. (GGB) chairman sells 99,200 preferred shares, reports major indirect stake
Rhea-AI Filing Summary
GERDAU S.A. Chairman of the Board of Directors Johannpeter Andre Bier Gerdau reported selling 99,200 preferred shares on August 10, 2026 at $4.94 per share, leaving 247,380 preferred shares held directly. The price is stated in U.S. dollars after conversion from Brazilian reais at an exchange rate of R$5.0963 per US$1.00.
He also reports direct holdings of restricted stock units over preferred shares, covering 106,519, 116,745, and 105,670 underlying shares that vest on February 12 of 2027, 2028, and 2029, respectively. Indirectly, entities associated through a multi-level ownership structure hold 702,952,615 common shares, and an immediate family member holds 1,282 preferred shares; he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 99,200 shares
Net Sell
6 txns
Insider
Johannpeter Andre Bier Gerdau
Role
Insider
Sold
99,200 shs ($490K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Preferred shares F1 | 99,200 | $4.94 | $490K |
| holding | Restricted Stock Units F1, F2 | -- | -- | -- |
| holding | Restricted Stock Units F1, F3 | -- | -- | -- |
| holding | Restricted Stock Units F1, F4 | -- | -- | -- |
| holding | Common shares F5 | -- | -- | -- |
| holding | Preferred shares | -- | -- | -- |
Holdings After Transaction:
Preferred shares — 247,380 shares (Direct);
Restricted Stock Units — 328,934 shares (Direct);
Common shares — 702,952,615 shares (Indirect, Remarks);
Preferred shares — 1,282 shares (Indirect, Preferred shares held by an immediate family member (relationship: daughter).)
Footnotes (5)
- F1. The price is denominated in Brazilian reais and has been translated into U.S. dollars at the August 10, 2026 selling rate of R$5.0963 per US$1.00, as reported by the Central Bank of Brazil.
- F2. Restricted stock units vest on February 12, 2027.
- F3. Restricted stock units vest on February 12, 2028.
- F4. Restricted stock units vest on February 12, 2029.
- F5. See remarks below.
Key Figures
Preferred shares sold: 99,200 shares
Sale price per share: $4.94 per share
Direct preferred shares after sale: 247,380 shares
+5 more
8 metrics
Preferred shares sold
99,200 shares
Sale of preferred shares on August 10, 2026 by the chairman
Sale price per share
$4.94 per share
Price for the 99,200 preferred shares sold on August 10, 2026
Direct preferred shares after sale
247,380 shares
Direct preferred share holdings following the reported transaction
Exchange rate used
R$5.0963 per US$1.00
Rate used to translate Brazilian real prices into U.S. dollars on August 10, 2026
Indirect common share holdings
702,952,615 shares
Common shares indirectly owned through affiliated entities, subject to pecuniary interest disclaimer
RSUs underlying shares vesting 2027
106,519 shares
Restricted stock units over preferred shares vesting on February 12, 2027
RSUs underlying shares vesting 2028
116,745 shares
Restricted stock units over preferred shares vesting on February 12, 2028
RSUs underlying shares vesting 2029
105,670 shares
Restricted stock units over preferred shares vesting on February 12, 2029
Key Terms
Restricted Stock Units, pecuniary interest, indirect, beneficial ownership
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership ... except to the extent of their pecuniary interest"
indirect financial
"Common shares total_shares_following_transaction 702952615.0000 ownership_type indirect"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did GERDAU S.A. (GGB) report on August 10, 2026?
GERDAU S.A. reported that Chairman Johannpeter Andre Bier Gerdau sold 99,200 preferred shares on August 10, 2026 at a price of $4.94 per share, leaving 247,380 preferred shares held directly after the sale.
What restricted stock units does the GGB chairman hold and when do they vest?
The chairman holds restricted stock units over preferred shares with underlying amounts of 106,519, 116,745, and 105,670 shares. These units vest on February 12, 2027, February 12, 2028, and February 12, 2029, respectively, as disclosed in the vesting footnotes.
At what exchange rate were the GGB insider transaction prices converted?
The per-share price was originally denominated in Brazilian reais and translated into U.S. dollars using the August 10, 2026 selling rate of R$5.0963 per US$1.00, as reported by the Central Bank of Brazil and cited in the footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
