Sabesp (SBS) officer exercises 10,181 RSUs and withholds 2,800 shares for tax
Rhea-AI Filing Summary
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP Customer & Technology Officer Maciel Maia Denis reported routine equity compensation activity. He exercised 10,181 Restricted Stock Units into Common Shares and, in a related step, 2,800 Common Shares were disposed of to satisfy tax obligations at a price of $6.69 per share. After these transactions, he directly holds 7,381 Common Shares and 30,533 remaining Restricted Stock Units from a 40,715-unit grant awarded on April 29, 2025, which vests in four equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,381 shares
Net Buy
3 txns
Insider
Maciel Maia Denis
Role
Customer & Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,181 | $0.00 | $0.00 |
| Exercise | Common Shares | 10,181 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 2,800 | $6.69 | $19K |
Holdings After Transaction:
Restricted Stock Units — 30,533 shares (Direct);
Common Shares — 7,381 shares (Direct)
Footnotes (1)
- F1. On April 29, 2025, the reporting person was granted an aggregate of 40,715 restricted stock units ("RSUs"), vesting pro rata on each of May 1, 2026, May 1, 2027, May 1, 2028 and May 1, 2029, subject to continued service as an officer of the issuer. Each RSU represents the contingent right to receive one Common Share of the Issuer upon vesting.
Key Figures
RSUs exercised: 10,181 shares
Shares withheld for tax: 2,800 shares
Tax withholding price: $6.69 per share
+3 more
6 metrics
RSUs exercised
10,181 shares
Restricted Stock Units converted into Common Shares on May 1, 2026
Shares withheld for tax
2,800 shares
Common Shares disposed of in tax-withholding transaction at $6.69 per share
Tax withholding price
$6.69 per share
Price applied to 2,800 Common Shares used to satisfy tax liability
Common Shares after transaction
7,381 shares
Direct Common Share holdings following the May 1, 2026 transactions
Remaining RSUs
30,533 units
Restricted Stock Units remaining after one vesting installment
Original RSU grant
40,715 units
RSUs granted on April 29, 2025, vesting pro rata over four years
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, vesting pro rata, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted an aggregate of 40,715 restricted stock units ("RSUs"), vesting pro rata"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting pro rata financial
"40,715 restricted stock units ("RSUs"), vesting pro rata on each of May 1, 2026, May 1, 2027, May 1, 2028 and May 1, 2029"
contingent right financial
"Each RSU represents the contingent right to receive one Common Share of the Issuer upon vesting."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Sabesp (SBS) officer Maciel Maia Denis report?
Maciel Maia Denis reported exercising 10,181 Restricted Stock Units into Common Shares and disposing of 2,800 shares to cover tax obligations. These are routine compensation and tax-withholding transactions rather than open-market buying or selling of Sabesp stock.
How many Restricted Stock Units were originally granted to the Sabesp (SBS) officer?
On April 29, 2025, Maciel Maia Denis was granted 40,715 Restricted Stock Units. These RSUs vest in four equal annual installments on May 1, 2026, 2027, 2028, and 2029, assuming he continues serving as an officer of Sabesp during that period.
What portion of Maciel Maia Denis’s Sabesp (SBS) RSUs vested in this transaction?
The transaction reflects 10,181 Restricted Stock Units vesting and converting into Common Shares, representing roughly one-quarter of the 40,715-unit grant. This aligns with the pro rata annual vesting schedule disclosed for May 1 in each of four consecutive years.
Does this Sabesp (SBS) Form 4 indicate any remaining RSU balance for the officer?
Yes. Following the May 1, 2026 vesting event, the Form 4 shows 30,533 Restricted Stock Units remaining. These units continue to represent a contingent right to receive one Sabesp Common Share per unit as they vest in future years.