STOCK TITAN

Suzano (SUZ) VP awarded 54,651 cash-settled phantom shares as compensation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Oliveira Fabio Almeida de reported acquisition or exercise transactions in this Form 4 filing.

Suzano S.A. reported that VP of Paper and Packaging Fabio Almeida de Oliveira received a grant of 54,651 cash-settled phantom shares on May 27, 2026. These are compensation-linked units, not actual common shares.

The phantom shares will vest on April 1, 2029, subject to plan conditions, and will be settled in cash based on the market price of Suzano’s common shares at vesting. Following this grant, the executive holds 95,052 phantom shares in total.

Positive

  • None.

Negative

  • None.
Insider Oliveira Fabio Almeida de
Role VP of Paper and Packaging
Type Security Shares Price Value
Grant/Award Phantom Shares 54,651 $0.00 --
Holdings After Transaction: Phantom Shares — 95,052 shares (Direct, null)
Footnotes (1)
  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. 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.
Phantom shares granted 54,651 phantom shares Grant on May 27, 2026
Total phantom shares after grant 95,052 phantom shares Holdings following transaction
Exercise/settlement price per phantom share $0.00 Cash-settled phantom shares granted at no cost
Underlying common shares referenced 54,651 common shares Reference for phantom share value
Vesting date April 1, 2029 Phantom shares vesting date subject to conditions
Phantom Shares financial
"Cash settled phantom shares granted on 05/27/2026 and vesting on 04/01/2029, subject to certain conditions."
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 financial
"Cash settled phantom shares granted on 05/27/2026 and vesting on 04/01/2029, subject to certain conditions."
A contract described as cash settled is one where, at the end, one party pays the monetary difference in value rather than delivering the actual underlying asset. For investors this matters because it simplifies transactions (like settling a bet by paying the win amount instead of handing over a physical item), affects liquidity and timing of cash flows, and changes exposure to storage, delivery logistics and certain tax or counterparty considerations.
vesting financial
"Cash settled phantom shares 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
"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.
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SEC Form 4
FORM 4UNITED 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*
Oliveira Fabio Almeida de

(Last)(First)(Middle)
AV BRIGADEIRO FARIA LIMA 1355

(Street)
SAO PAULO01452-002

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP of Paper and Packaging
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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Shares(1)05/27/2026A54,651 (1) (1)Common shares54,651(2)95,052D
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 Fabio Almeida de Oliveira05/28/2026
** Signature of Reporting PersonDate
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 did Suzano (SUZ) report in this Form 4 for Fabio Almeida de Oliveira?

Suzano reported a grant of 54,651 cash-settled phantom shares to VP Fabio Almeida de Oliveira. These units are part of his compensation and are tied to Suzano’s common share price, with settlement in cash at vesting.

Are the phantom shares granted to Suzano (SUZ) executive Fabio Almeida actual common shares?

No, they are not actual common shares. The grant consists of cash-settled phantom shares whose value tracks Suzano’s common share price, and they are paid out in cash when they vest, subject to plan conditions.

When do the newly granted Suzano (SUZ) phantom shares vest for Fabio Almeida?

The 54,651 phantom shares granted on May 27, 2026 vest on April 1, 2029. Vesting is subject to specified conditions in the applicable plan, after which the value is settled in cash rather than stock.

How many phantom shares does the Suzano (SUZ) VP hold after this grant?

After this transaction, the VP holds a total of 95,052 phantom shares. This total includes the 54,651 units granted on May 27, 2026 and represents his accumulated phantom share-based compensation position.

How is the value of Suzano (SUZ) phantom shares determined for this Form 4 grant?

The value of the phantom shares is tied to the market price of Suzano’s common shares. Upon vesting, the company settles the award in cash according to the applicable plan terms, referencing the prevailing share price at that time.