When do the Petrobras phantom share awards reported on this Form 3 vest?

The deferred phantom share awards vest over four years. Individual tranches show exercise dates on May 1 of 2026, 2027, 2028, and 2029, matching the program’s four equal annual instalment structure described in the footnote.

Petrobras officer reports phantom share holdings

Q: What does the Form 3 for PBR show about Sylvia Maria Couto Dos Anjos?

The Form 3 shows her initial Petrobras-related holdings. She reports phantom shares tied to PETR3 prices, vesting from 2026 to 2029 and settled in cash, plus 9,693.0000 PETR4 shares held directly as equity exposure.

Q: How many PETR4 shares does the Petrobras officer report holding on this Form 3?

She reports holding 9,693.0000 PETR4 shares directly. These shares represent her personal equity stake in Petrobras, separate from the phantom share awards that are referenced to PETR3 prices and settled in cash upon vesting.

Q: Do Petrobras phantom shares give Sylvia Maria Couto Dos Anjos actual stock in PBR?

No, the phantom shares are settled in cash, not stock. They track the PETR3 common share price, vest in four annual instalments, and are part of Petrobras’s Performance Award Program, providing cash-based value linked to share performance plus credits on dividends or interest on equity.

PETROBRAS - PETROLEO BRASILEIRO SA executive Sylvia Maria Couto Dos Anjos, Chief Upstream Officer, reported her initial beneficial holdings.

Accepted by SEC EDGAR 03/12/2026 - 04:37 PM EDT

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

PETROBRAS - PETROLEO BRASILEIRO SA executive Sylvia Maria Couto Dos Anjos, Chief Upstream Officer, reported her initial beneficial holdings. The filing shows phantom shares referenced to PETR3 common share prices, each tranche tied to 1,687.0500 underlying shares vesting annually from 2026 through 2029 and settled in cash. She also directly holds 9,693.0000 PETR4 shares, reflecting her personal equity exposure to Petrobras alongside the performance-based phantom share awards.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Dos Anjos Sylvia Maria Couto

Role Chief Upstream Officer

Type	Security	Shares	Price	Value
Holding	Phantom Shares	--	--	--
Holding	Phantom Shares	--	--	--
Holding	Phantom Shares	--	--	--
Holding	Phantom Shares	--	--	--
Holding	PETR4	--	--	--

Holdings: Phantom Shares — 6,748.2 contracts (Direct); PETR4 — 9,693 shares (Direct)

Footnotes (1)

F1. Phantom shares are granted pursuant to the Petrobras Performance Award Program. The phantom shares are referenced to the PETR3 common share price and are settled in cash upon vesting. The deferred portion of the award vests in four equal annual instalments. Additional phantom shares are credited proportionally upon the payment of dividends or interest on equity by the Company.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 3 for PBR show about Sylvia Maria Couto Dos Anjos?

The Form 3 shows her initial Petrobras-related holdings. She reports phantom shares tied to PETR3 prices, vesting from 2026 to 2029 and settled in cash, plus 9,693.0000 PETR4 shares held directly as equity exposure.

How many PETR4 shares does the Petrobras officer report holding on this Form 3?

She reports holding 9,693.0000 PETR4 shares directly. These shares represent her personal equity stake in Petrobras, separate from the phantom share awards that are referenced to PETR3 prices and settled in cash upon vesting.

What are Petrobras phantom shares in Sylvia Maria Couto Dos Anjos’s holdings?

The phantom shares are part of the Petrobras Performance Award Program. They are referenced to the PETR3 common share price, vest in four equal annual instalments, are settled in cash, and receive additional phantom credits when Petrobras pays dividends or interest on equity.

How many underlying PETR3 shares are referenced by the reported phantom shares?

Each phantom share tranche references 1,687.0500 underlying PETR3 shares. These awards carry a conversion or exercise price of 0.0000 and are settled in cash based on PETR3’s share price at vesting, rather than delivering actual Petrobras stock.

Do Petrobras phantom shares give Sylvia Maria Couto Dos Anjos actual stock in PBR?

No, the phantom shares are settled in cash, not stock. They track the PETR3 common share price, vest in four annual instalments, and are part of Petrobras’s Performance Award Program, providing cash-based value linked to share performance plus credits on dividends or interest on equity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Dos Anjos Sylvia Maria Couto

(Last)

(First)

(Middle)

28, HENRIQUE VALADARES AVE

19TH FLOOR, A TOWER

(Street)

RIO DE JANEIRO

20231-030

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/11/2026

3. Issuer Name and Ticker or Trading Symbol
PETROBRAS - PETROLEO BRASILEIRO SA [ PBR ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Upstream Officer

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
PETR4	9,693	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Phantom Shares⁽¹⁾	05/01/2026	⁽¹⁾	PETR3	1,687.05	⁽¹⁾	D
Phantom Shares⁽¹⁾	05/01/2027	⁽¹⁾	PETR3	1,687.05	⁽¹⁾	D
Phantom Shares⁽¹⁾	05/01/2028	⁽¹⁾	PETR3	1,687.05	⁽¹⁾	D
Phantom Shares⁽¹⁾	05/01/2029	⁽¹⁾	PETR3	1,687.05	⁽¹⁾	D

Explanation of Responses:

1. Phantom shares are granted pursuant to the Petrobras Performance Award Program. The phantom shares are referenced to the PETR3 common share price and are settled in cash upon vesting. The deferred portion of the award vests in four equal annual instalments. Additional phantom shares are credited proportionally upon the payment of dividends or interest on equity by the Company.

	Sylvia Maria Couto Dos Anjos	03/11/2026
	** 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 5 (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.

Source: View Original Filing on SEC EDGAR