Suzano grants 36,395 phantom shares to executive

Lazaretti Douglas Seibert reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Lazaretti Douglas Seibert reported acquisition or exercise transactions in this Form 4 filing.

Suzano S.A. reported that Executive VP of Forestry Lazaretti Douglas Seibert received a grant of 36,395 cash-settled phantom shares on May 27, 2026. Each phantom share tracks the value of one Suzano common share and will vest on April 1, 2029, settling in cash. After this award, his reported phantom share balance is 67,534 units.

Insider Trade Summary

Grant/Award: 36,395 shares

Grant/Award 1 txn

Insider Lazaretti Douglas Seibert

Role Executive VP of Forestry

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	36,395	$0.00	$0.00

Holdings After Transaction: Phantom Shares — 67,534 contracts (Direct)

Footnotes (2)

1. F1. Cash settled phantom shares granted on 05/27/2026 and vesting on 04/01/2029, 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. F2. 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: 36,395 phantom shares Price per phantom share: $0.0000 per share Phantom shares after grant: 67,534 phantom shares +2 more

5 metrics

Phantom shares granted 36,395 phantom shares Grant on May 27, 2026

Price per phantom share $0.0000 per share Grant/award acquisition

Phantom shares after grant 67,534 phantom shares Total holdings following transaction

Underlying common shares reference 36,395 common shares Each phantom share references one common share

Vesting date April 1, 2029 Phantom shares vesting date, subject to conditions

Key Terms

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

5 terms

Phantom Shares financial

"Phantom Shares granted on 05/27/2026 and vesting on 04/01/2029"

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 05/27/2026 and vesting on 04/01/2029"

vesting financial

"granted on 05/27/2026 and vesting on 04/01/2029, 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

"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

"subject to the terms of the applicable plan"

FAQ

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

What did Suzano (SUZ) disclose in this Form 4 filing?

Suzano disclosed that Executive VP of Forestry Lazaretti Douglas Seibert received 36,395 cash-settled phantom shares. These derivative awards track Suzano’s common share price, vest in 2029, and increase his reported phantom share holdings to 67,534 units.

How many phantom shares were granted to the Suzano (SUZ) executive?

The executive received 36,395 phantom shares. These were granted on May 27, 2026 as a compensation award, with no purchase price per unit, and are referenced one-for-one to Suzano’s common shares for value determination.

When do the Suzano (SUZ) phantom shares granted in 2026 vest?

The phantom shares granted on May 27, 2026 vest on April 1, 2029. Vesting is subject to certain conditions under the applicable plan, and once vested, the award will be settled in cash rather than in Suzano common shares.

Are the Suzano (SUZ) phantom shares settled in stock or cash?

The phantom shares are settled in cash upon vesting. Their value is tied to the market price of Suzano’s common shares, but the executive receives a cash payment instead of actual shares, according to the plan’s terms.

What is the total phantom share holding for the Suzano (SUZ) executive after this grant?

Following this grant, the executive’s reported phantom share balance is 67,534 units. This total reflects the new 36,395-unit award combined with his prior phantom share holdings as disclosed in the Form 4.

Does the Suzano (SUZ) Form 4 show any share purchases or sales?

The Form 4 shows an acquisition of phantom shares as a grant, not market purchases or sales. The transaction is coded as a grant or award and does not involve buying or selling Suzano common shares in the market.

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

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Accepted by SEC EDGAR 05/28/2026 - 05:06 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^*

Lazaretti Douglas Seibert

(Last) (First) (Middle)

AV. BRIG. FARIA LIMA, 1355

9 FLOOR

(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)
	Executive VP of Forestry

2a. Foreign Trading Symbol
[SUZB3]

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

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)	05/27/2026		A		36,395		(1)	(1)	Common shares	36,395	(2)	67,534	D

Explanation of Responses:

1. Cash settled phantom shares granted on 05/27/2026 and vesting on 04/01/2029, 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 Douglas Seibert Lazaretti	05/28/2026
	** 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)