SABESP (NYSE: SBS) CEO details 199,777 RSUs and common share holdings in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP CEO Leone Piani Carlos Augusto filed an initial ownership report showing his equity interests. He holds 199,777 Restricted Stock Units, each representing the right to receive one Common Share, plus 2,877 Common Shares directly and 2,877 Common Shares indirectly through his spouse.
The RSUs were granted on April 29, 2025 and will vest in equal portions on May 1 of each year from 2026 through 2033, subject to his continued service as an officer of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Leone Piani Carlos Augusto
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 199,777 shares (Direct);
Common Shares — 2,877 shares (Direct);
Common Shares — 2,877 shares (Indirect, By Spouse)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the contingent right to receive one Common Share. Represents RSUs granted on April 29, 2025, which will vest pro rata on each of May 1, 2026, May 1, 2027, May 1, 2028, May 1, 2029, May 1, 2030, May 1, 2031, May 1, 2032 and May 1, 2033, subject to continued service as an officer of the issuer.
FAQ
What insider ownership does the CEO report in SABESP (SBS) Form 3?
The CEO reports 199,777 Restricted Stock Units and 2,877 Common Shares held directly, plus 2,877 Common Shares held indirectly through his spouse. This Form 3 establishes his initial reported equity position in SABESP as an officer.
How many SABESP (SBS) Restricted Stock Units does the CEO hold?
The CEO holds 199,777 Restricted Stock Units, each representing the contingent right to receive one Common Share. This RSU position forms the largest part of his reported equity interest in SABESP under the initial ownership statement.
What is the vesting schedule of the SABESP (SBS) CEO’s RSUs?
The RSUs were granted on April 29, 2025 and will vest pro rata on May 1, 2026, 2027, 2028, 2029, 2030, 2031, 2032 and 2033. Vesting is conditioned on the CEO’s continued service as an officer of SABESP.
What does each SABESP (SBS) Restricted Stock Unit represent for the CEO?
Each Restricted Stock Unit represents the contingent right to receive one SABESP Common Share. This means the CEO’s 199,777 RSUs correspond to potential future delivery of an equal number of Common Shares, subject to the stated vesting and service conditions.