Suzano (NYSE: SUZ) VP details phantom and restricted share awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Suzano S.A. executive Galhardo Aires, VP of Pulp Operations, filed an initial Form 3 reporting his incentive holdings. As of December 12, 2019, he holds several awards of Performance Phantom Shares and Phantom Shares, each economically referenced to Suzano common shares, including positions tied to 24,920, 19,533, 42,218 and 27,161 underlying common shares, as well as other blocks.
The filing also shows 158,238 Performance Restricted Shares held directly. Footnotes explain that the phantom awards are cash-settled, with each phantom share priced by one Suzano common share and payable in cash upon vesting. Grant dates range from March 1, 2022 to April 1, 2025, with vesting between March 1, 2026 and April 1, 2028, subject to performance and other conditions, including total shareholder return-based adjustments for certain performance awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Galhardo Aires
Role
VP of Pulp Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Performance Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Performance Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Performance Restricted Shares | -- | -- | -- |
Holdings After Transaction:
Performance Phantom Shares — 24,920 shares (Direct);
Phantom Shares — 19,533 shares (Direct);
Performance Restricted Shares — 158,238 shares (Direct)
Footnotes (1)
- Upon vesting, additional common shares may be delivered subject to the satisfaction of certain performance condition - the share price at the time of redemption is multiplied by the Total Shareholder Return (TSR) during the period (which varies between 75% and 125%), depending on the performance of the SUZB3 share in relation to its industry peers in Brazil). Cash settled phantom shares granted on 05/13/2024 and vesting on 04/01/2027, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting. Cash settled phantom shares granted on 03/01/2023 and vesting on 03/01/2026, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting. Cash settled phantom shares granted on 04/01/2023 and vesting on 04/01/2026, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting. Cash settled phantom shares granted on 03/01/2022 and vesting on 03/01/2026, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting. Cash settled phantom shares granted on 03/01/2025 and vesting on 03/01/2028, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting. Cash settled phantom shares granted on 03/01/2023 and vesting on 03/01/2027, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting. Cash settled phantom shares granted on 03/01/2024 and vesting on 03/01/2028, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting. Cash settled phantom shares granted on 03/01/2024 and vesting on 03/01/2028, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting.. Cash settled phantom shares granted on 04/01/2025 and vesting on 04/01/2028, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting. Cash settled phantom shares granted on 03/01/2024 and vesting on 03/01/2027, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting.
FAQ
What does Suzano (SUZ) VP Galhardo Aires report on this Form 3?
The Form 3 shows Galhardo Aires’ existing incentive holdings, including performance phantom, phantom, and performance restricted share awards. These positions are linked economically to Suzano common shares and represent compensation arrangements rather than recent market trades.