Patria Investments (PAX) director reports Class A and Class B stakes
Rhea-AI Filing Summary
Patria Investments Ltd director Neto Olimpio Matarazzo filed an initial ownership report detailing his equity interests in the company. The filing shows indirect beneficial ownership of Class B Common Shares, representing 1,586,221 underlying Class A Common Shares through Patria Holdings Limited and Olympic Bahamas Limited.
Class B Common Shares are convertible into an equivalent number of Class A Common Shares and carry 10 votes per share, indicating enhanced voting power. The report also lists direct holdings of Class A Common Shares and multiple Performance Share Units that will vest and settle in Class A shares in three equal annual installments, subject to total shareholder return goals and continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Neto Olimpio Matarazzo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Shares | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Class A Common Shares | -- | -- | -- |
Holdings After Transaction:
Class B Common Shares — 1,586,221 shares (Indirect, See Footnote);
Performance Share Unit — 1,031,490 shares (Direct);
Class A Common Shares — 425,724 shares (Direct)
Footnotes (4)
- F1. Consists of 71,340 unvested restricted share units, 69,675 unvested restricted share units pursuant to the Issuer's matching share program, and 284,709 Class A Common Shares owned by the Reporting Person.
- F2. Class B Common Shares are convertible under certain circumstances into an equivalent number of Class A Common Shares. Class B Common Shares are entitled to 10 votes per share.
- F3. Represents Class B Common Shares beneficially owned by Patria Holdings Limited which are directly held by Olympic Bahamas Limited, an entity owned and controlled by the Reporting Person
- F4. The Performance Shares vest and are settled in Class A Common Shares in three equal annual installments beginning on the third anniversary of the grant date subject to (i) the achievement of specified Total Shareholder Return goals and (ii) continuous employment through the applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Neto Olimpio Matarazzo’s Form 3 for Patria Investments (PAX) disclose?
The Form 3 discloses Neto Olimpio Matarazzo’s initial ownership in Patria Investments, including indirect Class B Common Shares and direct Class A-related awards. It outlines his voting influence and equity incentives through common shares, restricted share units, and performance share units tied to future Class A Common Shares.
What equity awards does Neto Olimpio Matarazzo hold in Patria Investments (PAX)?
The report lists unvested restricted share units, matching restricted share units, and multiple Performance Share Units, all ultimately settled in Class A Common Shares. These awards align his compensation with shareholder outcomes, as they depend on vesting conditions and specified performance goals over time.
Does this Patria Investments (PAX) Form 3 show insider buying or selling activity?
No, the Form 3 functions as an initial ownership statement rather than a record of recent trades. It reports existing holdings in Class A and Class B interests and equity awards, without indicating open-market purchases, sales, or other transactional activity by the reporting person on the filing date.
How much direct Class A exposure does Neto Olimpio Matarazzo report at Patria Investments (PAX)?
The filing notes 284,709 Class A Common Shares owned by the reporting person, along with unvested restricted and matching share units. Additional exposure arises from Performance Share Units that may settle in Class A shares if the specified vesting and total shareholder return conditions are satisfied.