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Equity grants to TIM S.A. (TIMB) investor relations officer disclosed

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

Rhea-AI Filing Summary

TIM S.A. reporting person Ferreira Vicente De Moraes, the Investor Relations Officer, reported equity compensation grants rather than market trades. He was awarded 3,584 common shares at no cost tied to 2023 performance shares and 16,949 common shares at no cost tied to 2024 performance shares, both subject to future vesting based on continued service.

He also acquired 1,046 restricted shares, representing dividend equivalent units that convert into common shares minus withholding taxes and are scheduled to vest on July 31, 2026. Following these awards, his reported direct holdings include 20,533 common shares from one award, 16,949 common shares from another, and 6,972 restricted shares.

Positive

  • None.

Negative

  • None.
Insider Ferreira Vicente De Moraes
Role Investor Relations Officer
Type Security Shares Price Value
Grant/Award Restricted Shares 1,046 $0.00 --
Grant/Award Common Shares 16,949 $0.00 --
Grant/Award Common Shares 3,584 $0.00 --
Holdings After Transaction: Restricted Shares — 6,972 shares (Direct, null); Common Shares — 16,949 shares (Direct, null)
Footnotes (1)
  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. 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. Each restricted share represents a contingent right to receive one common share minus withholding taxes. Represents dividend equivalent units with respect to restricted shares accrued upon approval by the Board on May 5, 2026. These restricted shares vest on July 31, 2026.
2023 performance award shares 3,584 common shares Earned from 2023 performance shares; granted at $0.0000 per share
2024 performance award shares 16,949 common shares Earned from 2024 performance shares; granted at $0.0000 per share
Restricted shares granted 1,046 restricted shares Dividend equivalent units related to restricted shares; vest July 31, 2026
Common shares after first award 20,533 common shares Direct holdings following the 3,584-share grant
Common shares after second award 16,949 common shares Direct holdings associated with the 16,949-share grant
Restricted shares after award 6,972 restricted shares Direct restricted share holdings after the 1,046-share grant
performance shares financial
"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
"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.
restricted shares financial
"Each restricted share represents a contingent right"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
withholding taxes financial
"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.
vesting financial
"These shares vest 20%, 30% and 50% on the first three anniversaries"
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.
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*
Ferreira Vicente De Moraes
(Last)(First)(Middle)
JOAO CABRAL DE MELO NETO AVENUE
SOUTH TOWER - 12TH FLOOR
(Street)
RIO DE JANEIROBRAZIL22775-057
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Investor Relations Officer
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)
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
Common Shares05/05/2026A16,949(1)A$016,949D
Common Shares05/05/2026A3,584(2)A$020,533D
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
Restricted Shares(3)05/05/2026A1,046(4) (5) (5)Common Shares1,046$06,972D
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-fact05/07/2026
** 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 equity awards did TIMB officer Ferreira Vicente De Moraes report on this Form 4?

He reported equity compensation grants, not open-market trades. The filing shows 3,584 common shares and 16,949 common shares awarded at no cost, plus 1,046 restricted shares representing dividend equivalent units that can convert into common shares, all subject to specified vesting conditions and continued service.

How many TIMB common shares were granted for 2023 and 2024 performance awards?

The filing reports 3,584 common shares earned from 2023 performance shares and 16,949 common shares earned from 2024 performance shares. Both amounts reflect performance certified by the board and include any accrued dividend equivalent units, with future vesting tied to continued service over multi-year schedules.

What are the vesting schedules for the TIMB performance share awards reported?

For 2023 performance shares, the earned common shares vest 20%, 30% and 50% on the first three anniversaries of the grant date. For 2024 performance shares, the vested portions are 10%, 20% and 70% on the first three anniversaries, in each case requiring continued service through each vesting date.

What do the restricted shares in this TIMB Form 4 represent?

Each restricted share represents a contingent right to receive one common share, reduced by withholding taxes. The 1,046 restricted shares reported are dividend equivalent units accrued on May 5, 2026, related to restricted shares and are scheduled to vest as a block on July 31, 2026, subject to conditions.

How many restricted shares does Ferreira Vicente De Moraes hold after these TIMB awards?

After the reported transaction, his restricted share holdings total 6,972 units. These include the 1,046 newly reported restricted shares, which represent dividend equivalent units, and all such restricted shares convert into common shares over time, subject to vesting schedules and tax withholding requirements.

Were any TIMB shares bought or sold on the market in this Form 4?

No market purchases or sales are shown. All three transactions are coded as awards or other acquisitions at a price of zero, reflecting equity compensation grants and dividend equivalent units, rather than open-market trading activity, for the Investor Relations Officer of TIM S.A. during the reported date.