NATIONAL STEEL CEO reports major share holdings
NATIONAL STEEL CO director and CEO Benjamin Steinbruch filed an initial ownership report detailing his holdings of the company’s common shares.
Rhea-AI Filing Summary
NATIONAL STEEL CO director and CEO Benjamin Steinbruch filed an initial ownership report detailing his holdings of the company’s common shares. The filing shows 500,002 common shares held directly. It also lists indirect interests in 45,706,242 shares held by Rio Iaco Participacoes S.A. and 552,412,693 shares held by Vicunha Acos S.A., described as a direct controlling shareholder of the issuer. In both cases, he reports only an indirect pecuniary interest and expressly disclaims beneficial ownership beyond that interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Steinbruch Benjamin
Role
CEO and Board Member
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 500,002 shares (Direct);
Common Shares — 45,706,242 shares (Indirect, By shareholder);
Common Shares — 552,412,693 shares (Indirect, By controlling shareholder)
Footnotes (2)
- F1. These shares are owned directly by Rio Iaco Participacoes S.A., a direct shareholder of the issuer, in which the reporting person holds an indirect pecuniary interest. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F2. These shares are owned directly by Vicunha Acos S.A., the direct controlling shareholder of the issuer, in which the reporting person holds an indirect pecuniary interest. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Key Figures
Direct common shares: 500,002 shares
Indirect shares via Rio Iaco Participacoes S.A.: 45,706,242 shares
Indirect shares via Vicunha Acos S.A.: 552,412,693 shares
+1 more
4 metrics
Direct common shares
500,002 shares
Directly owned common shares reported on Form 3
Indirect shares via Rio Iaco Participacoes S.A.
45,706,242 shares
Common shares owned by Rio Iaco Participacoes S.A. with indirect pecuniary interest
Indirect shares via Vicunha Acos S.A.
552,412,693 shares
Common shares owned by Vicunha Acos S.A., direct controlling shareholder
Unknown transaction entries
3 entries
Holding entries with unknown transaction codes on Form 3
Key Terms
indirect pecuniary interest, disclaims beneficial ownership, direct controlling shareholder, Section 16, +1 more
5 terms
indirect pecuniary interest financial
"in which the reporting person holds an indirect pecuniary interest"
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership of such shares"
Section 16 regulatory
"for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "By shareholder""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Benjamin Steinbruch’s Form 3 for NATIONAL STEEL CO (SID) show?
The Form 3 shows Benjamin Steinbruch, CEO and director, reporting his ownership of NATIONAL STEEL CO common shares, including direct holdings and indirect pecuniary interests through Rio Iaco Participacoes S.A. and Vicunha Acos S.A., the issuer’s direct controlling shareholder.
What indirect NATIONAL STEEL CO (SID) holdings are reported through Rio Iaco Participacoes S.A.?
The filing lists 45,706,242 common shares owned directly by Rio Iaco Participacoes S.A., a direct shareholder of NATIONAL STEEL CO. Steinbruch reports an indirect pecuniary interest in these shares and expressly disclaims beneficial ownership beyond that economic interest.
What indirect NATIONAL STEEL CO (SID) holdings are reported through Vicunha Acos S.A.?
The Form 3 reports 552,412,693 common shares owned directly by Vicunha Acos S.A., described as the direct controlling shareholder of NATIONAL STEEL CO. Steinbruch notes an indirect pecuniary interest and disclaims full beneficial ownership of these reported shares.
Does the NATIONAL STEEL CO (SID) Form 3 indicate any recent insider buying or selling?
No specific purchases or sales are identified. The entries are characterized as holdings with unknown transaction codes, and the summary shows neutral net buy-sell activity, indicating this filing primarily establishes Steinbruch’s existing ownership position.
What ownership disclaimer does Benjamin Steinbruch include in his NATIONAL STEEL CO (SID) Form 3?
He states that he disclaims beneficial ownership of shares held by Rio Iaco Participacoes S.A. and Vicunha Acos S.A., except to the extent of his pecuniary interest, and that listing these shares is not an admission of beneficial ownership for Section 16 purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
