What are the vesting terms for Saverio Demaria’s TIMB performance share awards?

For the 2023 performance shares, vesting occurs 20%, 30%, and 50% on the first three anniversaries of the grant date. For the 2024 performance shares, vesting is 10%, 20%, and 70% on the first three anniversaries, all conditioned on continued service through each vesting date.

What did the restricted share transaction in the TIMB Form 4 represent?

The filing shows 1,765 restricted shares acquired, each representing a contingent right to one common share minus withholding taxes. These include dividend equivalent units approved by the board and vest in full on July 31, 2026, subject to Demaria’s continued service.

TIM S.A. (TIMB) executive granted performance and restricted share awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

TIM S.A. executive Saverio Demaria received equity-based compensation in the form of common and restricted shares. On May 5, 2026, he was granted 6,281 common shares and 28,588 common shares at no purchase price as performance-based awards, increasing his direct common share holdings to 34,869 shares. He also acquired 1,765 restricted shares, bringing his restricted share balance to 11,761, each representing a contingent right to one common share minus withholding taxes. The footnotes state these awards were earned after the board certified performance for 2023 and 2024 performance share grants, with vesting over three years for the performance shares and full vesting of the referenced restricted shares on July 31, 2026, contingent on continued service.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Demaria Saverio

Role Head Business to Consumer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Shares	1,765	$0.00	--
Grant/Award	Common Shares	28,588	$0.00	--
Grant/Award	Common Shares	6,281	$0.00	--

Holdings After Transaction: Restricted Shares — 11,761 shares (Direct, null); Common Shares — 28,588 shares (Direct, null)

Footnotes (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.

Key Figures

Common shares grant 1: 6,281 shares Common shares grant 2: 28,588 shares Common shares held: 34,869 shares +5 more

8 metrics

Common shares grant 1 6,281 shares Common Shares granted on May 5, 2026

Common shares grant 2 28,588 shares Common Shares granted on May 5, 2026

Common shares held 34,869 shares Direct common share holdings after grants

Restricted shares grant 1,765 shares Restricted Shares granted on May 5, 2026

Restricted shares held 11,761 shares Restricted share balance after grant

Vesting schedule 2023 grant 20% / 30% / 50% First three anniversaries of 2023 performance share grant

Vesting schedule 2024 grant 10% / 20% / 70% First three anniversaries of 2024 performance share grant

Restricted vesting date July 31, 2026 Vesting date for reported restricted shares

Key Terms

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

5 terms

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.

restricted shares financial

"Each restricted share represents a contingent right to receive one common share"

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.

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.

contingent right financial

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

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 →

05/07/2026 - 08:31 PM

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^*

Demaria Saverio

(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)
	Head Business to Consumer

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		28,588⁽¹⁾	A	$0	28,588	D
Common Shares	05/05/2026		A		6,281⁽²⁾	A	$0	34,869	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		1,765⁽⁴⁾		⁽⁵⁾	⁽⁵⁾	Common Shares	1,765	$0	11,761	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

FAQ

What did TIMB executive Saverio Demaria report in this Form 4 filing?

Saverio Demaria reported grants of TIM S.A. equity awards. He received common share awards and restricted shares as compensation, tied to performance share programs and board certifications of achievement, with future vesting schedules dependent on his continued service with the company.

How many TIMB common shares did Saverio Demaria receive in these grants?

He received 6,281 common shares and 28,588 common shares as grant or award acquisitions. These were earned after the board certified performance for 2023 and 2024 performance share programs and were awarded at no purchase price to the executive.

How many TIMB shares does Saverio Demaria hold after these transactions?

After the reported awards, Demaria directly holds 34,869 common shares according to the filing. He also holds 11,761 restricted shares, which are derivative awards that may settle into common shares, subject to vesting and applicable tax withholding requirements.

Are these TIMB transactions open-market purchases or sales?

No, the transactions are classified as grant or award acquisitions. The common and restricted shares were issued as compensation based on performance share programs and board approval, at zero transaction price, rather than being bought or sold in the open market.