Suzano CEO converts restricted shares to common stock

Rhea-AI Filing Summary

Suzano S.A. CEO Joao Alberto Fernandez de Abreu reported the conversion of restricted shares into common stock as part of equity compensation. On April 17, 2026, he converted 168.672 restricted shares into the same number of common shares on a one-for-one basis.

The reference price for the converted common shares was $47.53 per share, but the company notes this does not represent a market purchase by the CEO and reflects only a book-entry value. After these transactions, he holds 168,840.672 common shares and 232,651 restricted shares directly. The restricted stock carries a two-year vesting schedule, indicating this is routine compensation-related activity rather than open-market trading.

Insider Trade Summary

Conversion: 337.344 shares

Conversion 3 txns

Insider Abreu Joao Alberto Fernandez de

Role CEO

Type	Security	Shares	Price	Value
Conversion	Restricted Shares	168.672	$0.00	$0.00
Conversion	Common shares	168.672	$47.53	$8K
holding	Restricted Shares	--	--	--

Holdings After Transaction: Restricted Shares — 465,133.328 shares (Direct); Common shares — 168,840.672 shares (Direct)

Footnotes (3)

1. F1. 2 years vesting
2. F2. The transaction represents the conversion of previously reported restricted shares into common stock on a one-for-one basis. The price reported reflects the reference price at the time of book-entry delivery and does not represent a purchase by the reporting person.
3. F3. .

Key Figures

Restricted shares converted: 168.672 shares Reference price per common share: $47.53 per share Common shares held after transaction: 168,840.672 shares +2 more

5 metrics

Restricted shares converted 168.672 shares Converted into common shares on April 17, 2026

Reference price per common share $47.53 per share Book-entry reference price for converted common shares

Common shares held after transaction 168,840.672 shares Direct holdings after conversion on April 17, 2026

Restricted shares held after transaction 232,651 shares Direct restricted share holdings after reported activity

Vesting period 2 years Footnote states restricted shares have two-year vesting

Key Terms

Restricted Shares, Conversion of derivative security, book-entry delivery, vesting

4 terms

Restricted Shares financial

"The transaction represents the conversion of previously reported restricted shares into common stock"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Conversion of derivative security financial

"transaction_code_description": "Conversion of derivative security""

book-entry delivery financial

"reflects the reference price at the time of book-entry delivery and does not represent a purchase"

vesting financial

"2 years vesting"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Suzano (SUZ) CEO Joao Abreu report in this Form 4?

He reported a conversion of restricted shares into common stock, not an open-market trade. On April 17, 2026, 168.672 restricted shares became common shares at a reference price of $47.53 per share via book-entry.

Was the Suzano (SUZ) CEO buying or selling shares in the market?

No, the CEO did not buy or sell shares in the market. The filing describes a conversion of previously reported restricted shares into common stock on a one-for-one basis, with the price only used as a book-entry reference.

How many Suzano (SUZ) common shares does the CEO hold after this filing?

After the conversion, the CEO holds 168,840.672 common shares directly. This figure comes from the post-transaction holding line for common shares in the filing and reflects his direct ownership position following the reported activity.

How many restricted Suzano (SUZ) shares does the CEO hold after the transaction?

Following the reported transactions, the CEO directly holds 232,651 restricted shares. This total is shown in the holding entry for restricted shares and reflects his remaining unvested or restricted equity compensation after the one-for-one conversion event.

What is the vesting schedule for the Suzano (SUZ) CEO’s restricted shares?

The footnotes state that the restricted shares have a two-year vesting period. This indicates the equity award is part of a structured compensation plan, with shares becoming fully available to the CEO over a two-year timeframe.

Does the reference price of $47.53 mean the Suzano (SUZ) CEO paid that amount?

No, the filing explains the $47.53 reference price does not represent a purchase by the CEO. It reflects the value used at the time of book-entry delivery when restricted shares converted into common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 07:34 PM EDT Learn about SEC filing dates

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)
04/17/2026

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
Restricted Shares								232,651(1)	D
Restricted Shares	04/17/2026		C		168.672	D	$0	232,482.328(1)	D
Common shares	04/17/2026		C		168.672	A(2)	$47.53	168,840.672(3)	D

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

Explanation of Responses:

1. 2 years vesting

2. The transaction represents the conversion of previously reported restricted shares into common stock on a one-for-one basis. The price reported reflects the reference price at the time of book-entry delivery and does not represent a purchase by the reporting person.

3. .

Remarks:

	/s/ Victor Conde Valladares Camina as attorney-in-fact for Joao Alberto Fernandez de Abreu	04/17/2026
	** 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)