TIM S.A. (NYSE: TIMB) CTO details staggered restricted share vesting
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
TIM S.A. Chief Technology Officer Marco Di Costanzo reported his existing holdings of restricted shares that convert into common stock. He holds restricted shares representing 8,426 underlying common shares that vest on July 31, 2026 and additional restricted shares representing 9,816 underlying common shares that vest on July 30, 2027. Each restricted share represents a contingent right to receive one common share, reduced for any withholding taxes when they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Di Costanzo Marco
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Shares | -- | -- | -- |
| holding | Restricted Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Shares — 8,426 shares (Direct)
Footnotes (1)
- These restricted shares vest on July 31, 2026. Each restricted share represents a contingent right to receive one common share minus withholding taxes. These restricted shares vest on July 30, 2027.
FAQ
What does TIMB Chief Technology Officer Marco Di Costanzo report in this Form 3?
Marco Di Costanzo reports existing restricted share holdings. The disclosure shows his beneficial ownership of restricted shares that convert into common stock upon vesting, providing transparency into his current equity-based compensation and alignment with TIM S.A.’s long-term performance.
Is Marco Di Costanzo’s ownership in TIMB direct or indirect?
The reported restricted share holdings are direct ownership. The disclosure classifies these positions as directly held, rather than through a trust or other entity, clarifying that the Chief Technology Officer personally holds these equity-based awards in TIM S.A.