Suzano (NYSE: SUZ) VP details phantom share and performance restricted awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Suzano S.A. executive Fabio Almeida de Oliveira, VP of Paper and Packaging, filed an initial ownership report detailing equity-based awards linked to Suzano common shares. The filing lists Performance Phantom Shares referencing 20,767, 30,177 and 49,807 underlying common shares, plus Phantom Shares referencing 4,494, 13,962, 4,494, 11,424, 6,653 and 4,231 underlying common shares. It also shows 118,679 Performance Restricted Shares held directly. Footnotes explain that the phantom shares are cash-settled awards whose value is tied to one Suzano common share each, granted on various dates and vesting between 2026 and 2028, subject to performance and other conditions, including a total shareholder return multiplier ranging from 75% to 125% for certain performance phantom grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Oliveira Fabio Almeida de
Role
VP of Paper and Packaging
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Performance Phantom Shares | -- | -- | -- |
| holding | Performance Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
| holding | Performance Restricted Shares | -- | -- | -- |
Holdings After Transaction:
Performance Phantom Shares — 20,767 shares (Direct);
Phantom Shares — 4,494 shares (Direct);
Performance Restricted Shares — 118,679 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 03/01/2024 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 03/01/2023 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 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. 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 03/01/2022 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.
FAQ
What does Suzano (SUZ) executive Fabio Almeida de Oliveira report in this Form 3?
He reports his initial holdings of equity-linked awards in Suzano. These include Performance Phantom Shares, Phantom Shares tied to Suzano common shares, and 118,679 Performance Restricted Shares, all held directly as part of his compensation and incentive arrangements.