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Suzano (SUZ) EVP granted 36,395 cash-settled phantom shares tied to stock

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

Rhea-AI Filing Summary

Bueno Luis Renato Costa reported acquisition or exercise transactions in this Form 4 filing.

Suzano S.A. reported that Executive VP of Consumer Goods Luis Renato Costa Bueno received a grant of 36,395 phantom shares. These cash-settled phantom shares were granted on May 27, 2026 and are scheduled to vest on April 1, 2029, subject to certain conditions.

The value of each phantom share is tied to the market price of one Suzano common share and will be settled in cash upon vesting under the applicable plan. Following this award, Bueno is reported as holding 83,334 phantom shares in total.

Positive

  • None.

Negative

  • None.
Insider Bueno Luis Renato Costa
Role Executive VP of Consumer Goods
Type Security Shares Price Value
Grant/Award Phantom Shares 36,395 $0.00 --
Holdings After Transaction: Phantom Shares — 83,334 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 share grant 36,395 phantom shares Grant on May 27, 2026
Total phantom shares after grant 83,334 phantom shares Holdings following transaction
Vesting date April 1, 2029 Phantom shares vesting date, subject to conditions
Grant price per phantom share $0.00 Compensation grant, no exercise price
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 and will be settled in cash upon vesting, subject to the terms of the applicable plan."
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
"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."
Form 4 Insider Transactions: What Each Field Means →
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*
Bueno Luis Renato Costa
(Last)(First)(Middle)
AV BRIG 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)
Executive VP of Consumer Goods
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)05/27/2026A36,395 (1) (1)Common shares36,395(2)83,334D
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 Luis Renato Costa Bueno05/28/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Suzano (SUZ) executive Luis Renato Costa Bueno receive in this Form 4?

He received a grant of 36,395 cash-settled phantom shares as compensation. These are derivative awards whose value is linked to Suzano’s common share price and are reported as increasing his total phantom share holdings to 83,334.

When do the new Suzano (SUZ) phantom shares granted to Luis Renato Costa Bueno vest?

The 36,395 phantom shares granted to Luis Renato Costa Bueno are scheduled to vest on April 1, 2029. Vesting is subject to certain conditions under the applicable plan, and settlement will occur in cash upon vesting.

How are Suzano (SUZ) phantom shares for Luis Renato Costa Bueno settled?

The phantom shares are settled in cash upon vesting, not in actual stock. Their value is tied to the market price of Suzano’s common shares, according to the terms of the applicable compensation plan.

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

After the award of 36,395 phantom shares, the filing shows Luis Renato Costa Bueno with 83,334 phantom shares. This reflects his reported total phantom share position following the May 27, 2026 grant.

Does the Suzano (SUZ) phantom share grant involve open-market buying or selling of stock?

No, the phantom share grant is a compensation award classified as a grant or other acquisition. It is settled in cash based on Suzano’s share price, rather than involving open-market purchases or sales of common shares.

What does it mean that Suzano (SUZ) phantom shares are tied to the market price?

The value of each phantom share moves with the market price of Suzano’s common shares. At vesting, the cash payment is calculated using this market-linked value, according to the terms of the applicable phantom share plan.