What restricted share awards did TIMB’s Claudio Creo receive?

He acquired 946 restricted shares linked to existing restricted stock. Each restricted share is a contingent right to receive one common share minus withholding taxes. These restricted shares represent dividend equivalent units approved by the board and vest on July 31, 2026, subject to continued service.

TIM S.A. VP granted new share awards

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

TIM S.A. VP of Risk & Compliance Claudio Creo reported compensation-related equity grants rather than open-market trades. On May 5, 2026, he was awarded common shares earned from performance share programs granted in 2023 and 2024, plus additional restricted shares.

The filing shows 5,182 common shares earned from 2023 performance shares and 15,315 common shares from portions of 2024 performance shares, in each case including accrued dividend equivalent units. These awards vest in staged installments over the first three anniversaries of each grant date, subject to continued service.

He also acquired 946 restricted shares, representing dividend equivalent units tied to earlier restricted shares. Each restricted share corresponds to one common share, net of withholding taxes, and these restricted shares vest on July 31, 2026, if he remains in service through that date.

Insider Trade Summary

Grant/Award: 21,443 shares

Grant/Award 3 txns

Insider Creo Claudio

Role VP, Risk & Compliance

Type	Security	Shares	Price	Value
Grant/Award	Restricted Shares	946	$0.00	$0.00
Grant/Award	Common Shares	15,315	$0.00	$0.00
Grant/Award	Common Shares	5,182	$0.00	$0.00

Holdings After Transaction: Restricted Shares — 6,301 contracts (Direct); Common Shares — 20,497 shares (Direct)

Footnotes (5)

F1. Represents the number of common shares earned (including any accrued dividend equivalent units), as a result of the Issuer's Board of Director's (the "Board") certification to the achievement of performance for the performance shares granted in 2023. These shares vest 20%, 30% and 50% on the first three anniversaries of the grant date, respectively, subject to the Reporting Person's continued service through each such vesting date.
F2. Represents the number of common shares earned (including any accrued dividend equivalent units), as a result of the Board's certification to the achievement of performance for portions of the performance shares granted in 2024. These shares vest 10%, 20% and 70% on the first three anniversaries of the grant date, respectively, subject to the Reporting Person's continued service through each such vesting date.
F3. Each restricted share represents a contingent right to receive one common share minus withholding taxes.
F4. Represents dividend equivalent units with respect to restricted shares accrued upon approval by the Board on May 5, 2026.
F5. These restricted shares vest on July 31, 2026.

Key Figures

2023 performance share payout: 5,182 common shares 2024 performance share payout: 15,315 common shares Restricted shares granted: 946 restricted shares +3 more

6 metrics

2023 performance share payout 5,182 common shares Earned from 2023 performance shares, including dividend equivalent units

2024 performance share payout 15,315 common shares Earned from portions of 2024 performance shares, including dividend equivalents

Restricted shares granted 946 restricted shares Dividend equivalent units on restricted shares, vesting July 31, 2026

2023 vesting schedule 20%, 30%, 50% First three anniversaries of 2023 grant date, subject to continued service

2024 vesting schedule 10%, 20%, 70% First three anniversaries of 2024 grant date, subject to continued service

Restricted vesting date July 31, 2026 Vesting date for 946 restricted shares if service is maintained

Key Terms

performance shares, dividend equivalent units, restricted share, contingent right, +1 more

5 terms

performance shares financial

"as a result of the Issuer's Board of Director's certification to the achievement of performance for the performance shares granted in 2023"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

dividend equivalent units financial

"Represents the number of common shares earned (including any accrued dividend equivalent units)"

Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.

contingent right financial

"Each restricted share represents a contingent right to receive one common share minus withholding taxes."

withholding taxes financial

"Each restricted share represents a contingent right to receive one common share minus withholding taxes."

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

FAQ

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

What did TIMB executive Claudio Creo report in this Form 4 filing?

Claudio Creo reported equity compensation awards, not market trades. He acquired common and restricted shares earned from 2023 and 2024 performance share programs, plus dividend-related restricted shares, all subject to future vesting and continued service conditions set by TIM S.A.’s board.

How many TIMB common shares were earned from 2023 performance shares?

The filing shows 5,182 common shares earned from 2023 performance shares. This amount includes accrued dividend equivalent units and results from the board certifying performance achievement, with the shares vesting in stages over the first three anniversaries of the original 2023 grant date.

How many TIMB common shares were earned from 2024 performance shares?

Creo earned 15,315 common shares from portions of 2024 performance share grants. These also include accrued dividend equivalent units. The shares vest 10%, 20% and 70% on the first three anniversaries of the 2024 grant date, provided he continues in service at each vesting date.

When do Claudio Creo’s new TIMB restricted shares vest?

The 946 restricted shares vest on July 31, 2026. Vesting is contingent on Creo’s continued service with TIM S.A. through that date, and each restricted share converts into one common share, after deduction of any withholding taxes required on settlement.

Are Claudio Creo’s TIMB Form 4 transactions open-market purchases or sales?

They are not open-market trades. All reported entries use transaction code “A” for awards or other acquisitions. The shares arise from performance share programs and restricted share dividend equivalents, granted as equity compensation, rather than shares bought or sold on the stock market.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/07/2026 - 08:29 PM EDT

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^*

Creo Claudio

(Last)

(First)

(Middle)

JOAO CABRAL DE MELO NETO AVENUE

850 - SOUTH TOWER - 12TH FLOOR

(Street)

RIO DE JANEIRO

BRAZIL

22775-057

(City)

(State)

(Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
TIM S.A. [ TIMB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP, Risk & Compliance

2a. Foreign Trading Symbol
[TIMS3]

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/05/2026		A		15,315⁽¹⁾	A	$0	15,315	D
Common Shares	05/05/2026		A		5,182⁽²⁾	A	$0	20,497	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Shares	⁽³⁾	05/05/2026		A		946⁽⁴⁾		⁽⁵⁾	⁽⁵⁾	Common Shares	946	$0	6,301	D

Explanation of Responses:

1. Represents the number of common shares earned (including any accrued dividend equivalent units), as a result of the Issuer's Board of Director's (the "Board") certification to the achievement of performance for the performance shares granted in 2023. These shares vest 20%, 30% and 50% on the first three anniversaries of the grant date, respectively, subject to the Reporting Person's continued service through each such vesting date.

2. Represents the number of common shares earned (including any accrued dividend equivalent units), as a result of the Board's certification to the achievement of performance for portions of the performance shares granted in 2024. These shares vest 10%, 20% and 70% on the first three anniversaries of the grant date, respectively, subject to the Reporting Person's continued service through each such vesting date.

3. Each restricted share represents a contingent right to receive one common share minus withholding taxes.

4. Represents dividend equivalent units with respect to restricted shares accrued upon approval by the Board on May 5, 2026.

5. These restricted shares vest on July 31, 2026.

	/s/ Pedro Yagelovic Bravin Arantes, attorney-in-fact	05/07/2026
	** 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)

Source: View Original Filing on SEC EDGAR