Suzano (SUZ) CEO awarded 21,584 cash-settled phantom shares tied to stock price

Rhea-AI Filing Summary

Abreu Joao Alberto Fernandez de reported acquisition or exercise transactions in this Form 4 filing.

Suzano S.A. CEO Joao Alberto Fernandez de Abreu received a grant of cash-settled 21,584 Phantom Shares on March 30, 2026. These awards vest on March 1, 2029, subject to certain conditions, and their value is tied to the market price of Suzano’s common shares and settled entirely in cash.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Abreu Joao Alberto Fernandez de

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	21,584	$0.00	--

Holdings After Transaction: Phantom Shares — 21,584 shares (Direct)

Footnotes (1)

1. Cash settled phantom shares granted on 03/30/2026 and vesting on 03/01/2029, 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. The value of the phantom shares is tied to the market price of the issuer s common shares and will be settled in cash upon vesting, subject to the terms of the applicable plan.

Key Figures

Phantom Shares granted: 21,584 units Phantom Shares held after grant: 21,584 units Vesting date: March 1, 2029 +1 more

4 metrics

Phantom Shares granted 21,584 units Cash-settled award granted March 30, 2026

Phantom Shares held after grant 21,584 units Total phantom share balance following this transaction

Vesting date March 1, 2029 Phantom Shares vesting date, subject to conditions

Exercise/Conversion price $0.0000 per unit Phantom Shares granted at no exercise cost

Key Terms

Phantom Shares, cash settled phantom shares, vesting, market price, +1 more

5 terms

Phantom Shares financial

"Cash settled phantom shares granted on 03/30/2026 and vesting on 03/01/2029"

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

cash settled phantom shares financial

"Cash settled phantom shares granted on 03/30/2026 and vesting on 03/01/2029"

vesting financial

"granted on 03/30/2026 and vesting on 03/01/2029, subject to certain conditions"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

market price financial

"The value of the phantom shares is tied to the market price of the issuer s common shares"

Market price is the current amount buyers are willing to pay and sellers are willing to accept for a share or other security at a given moment, like the tag on an item in a busy shop that changes with demand. It matters to investors because it determines what you would receive when selling or what you must pay to buy now, reflecting supply, demand and recent news that affect perceived value.

applicable plan financial

"settled in cash upon vesting, subject to the terms of the applicable plan"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Abreu Joao Alberto Fernandez de

(Last) (First) (Middle)

AV BRIGADEIRO FARIA LIMA 1355

(Street)

SAO PAULO 01452-002

(City) (State) (Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
Suzano S.A. [ SUZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol
[SUZB3]

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)	03/30/2026		A		21,584		(1)	(1)	Common shares	0	(2)	21,584	D

Explanation of Responses:

1. Cash settled phantom shares granted on 03/30/2026 and vesting on 03/01/2029, 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.

2. The value of the phantom shares is tied to the market price of the issuer s common shares and will be settled in cash upon vesting, subject to the terms of the applicable plan.

Remarks:

	/s/ Victor Conde Valladares Camina as attorney-in-fact for Joao Alberto Fernandez de Abreu	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Suzano (SUZ) report for its CEO?

Suzano reported that CEO Joao Alberto Fernandez de Abreu received a grant of 21,584 cash-settled Phantom Shares. These derivative awards reference Suzano common shares but are paid in cash instead of stock when they vest.

How many Phantom Shares were granted to Suzano (SUZ) CEO and on what date?

The CEO was granted 21,584 Phantom Shares on March 30, 2026. This entire amount is shown as held following the transaction, indicating it is a new compensation-related award rather than a market purchase or sale of existing shares.

When do the granted Phantom Shares for Suzano (SUZ) CEO vest?

The Phantom Shares vest on March 1, 2029, subject to certain conditions. Vesting means the CEO becomes entitled to the cash value tied to Suzano’s common share price at that future date, under the applicable compensation plan terms.

Are Suzano (SUZ) CEO’s Phantom Shares settled in stock or cash?

The Phantom Shares are settled entirely in cash upon vesting. Their value is referenced to the market price of Suzano’s common shares, but no actual shares are issued or transferred when the award ultimately pays out to the CEO.

Does Suzano (SUZ) CEO’s Phantom Share grant involve buying or selling stock?

The grant does not involve open-market buying or selling of stock. It is a compensation-related award classified as Phantom Shares, whose value tracks Suzano’s share price and is paid in cash at vesting instead of changing share ownership.