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Equity awards boost TIM S.A. (NYSE: TIMB) officer Mario Girasole’s holdings

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

Rhea-AI Filing Summary

TIM S.A. officer Mario Girasole reported equity awards rather than market trades. On May 5, 2026, he acquired 13,739 common shares tied to the Board’s certification of 2023 performance share results, which vest 20%, 30% and 50% over the first three anniversaries of the original grant.

He also acquired 64,319 common shares from portions of 2024 performance share grants, vesting 10%, 20% and 70% over the first three anniversaries of that grant. In addition, he received 3,970 restricted shares and related dividend equivalent units, each representing a contingent right to one common share minus withholding taxes, scheduled to vest on July 31, 2026. Following these transactions, his direct holdings reported include 85,920 common shares and 26,462 restricted shares.

Positive

  • None.

Negative

  • None.
Insider Girasole Mario
Role See Remarks
Type Security Shares Price Value
Grant/Award Restricted Shares 3,970 $0.00 --
Grant/Award Common Shares 64,319 $0.00 --
Grant/Award Common Shares 13,739 $0.00 --
Holdings After Transaction: Restricted Shares — 26,462 shares (Direct, null); Common Shares — 72,181 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 share award 13,739 common shares Earned upon 2023 performance certification; vests 20%, 30%, 50% over three years
2024 performance share award portion 64,319 common shares Earned upon 2024 performance certification; vests 10%, 20%, 70% over three years
Restricted share grant 3,970 restricted shares Granted May 5, 2026; each equals one common share minus withholding taxes
Restricted shares vesting date July 31, 2026 Vesting date for the reported restricted share grant and related units
Common shares after transaction 85,920 common shares Direct common share holdings reported following one May 5, 2026 award
Restricted shares after transaction 26,462 restricted shares Derivative restricted share holdings reported after the May 5, 2026 grant
Award grant price $0.0000 per share Transaction price per share for all reported equity awards
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), as a result of the Issuer's Board"
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 to receive one common share minus withholding taxes"
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.
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.
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*
Girasole Mario
(Last)(First)(Middle)
JOAO CABRAL DE MELO NETO AVENUE
850 - 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)
See Remarks
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 Shares05/05/2026A64,319(1)A$072,181D
Common Shares05/05/2026A13,739(2)A$085,920D
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)05/05/2026A3,970(4) (5) (5)Common Shares3,970$026,462D
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.
Remarks:
Officer Title: Regulatory and Institutional Affairs Officer
/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 Mario Girasole report on this Form 4?

Mario Girasole reported equity compensation awards, not market trades. He acquired 13,739 common shares from 2023 performance shares, 64,319 common shares from 2024 performance shares, and 3,970 restricted shares plus dividend equivalent units granted on May 5, 2026, all subject to vesting conditions.

How do the 2023 performance share awards for TIMB’s Mario Girasole vest?

The 13,739 common shares from 2023 performance shares vest in three stages. They vest 20%, 30% and 50% on the first three anniversaries of the original grant date, provided Mario Girasole continues serving through each respective vesting date as specified in the award terms.

What do the restricted shares reported by TIMB’s Mario Girasole represent?

The 3,970 restricted shares each represent a contingent right to receive one common share minus withholding taxes. These restricted shares, including dividend equivalent units, were approved by the Board and are scheduled to fully vest on July 31, 2026, subject to the award’s conditions.

How many TIMB common shares does Mario Girasole hold after these transactions?

After the May 5, 2026 awards, one reported line shows Mario Girasole directly holding 85,920 common shares. A separate derivative holding line shows 26,462 restricted shares. These figures reflect his reported positions following the equity grants on that date.

Are the TIMB Form 4 transactions for Mario Girasole open-market buys or compensation grants?

All reported transactions are compensation-related grants coded as “A” rather than open-market buys. They arise from performance share programs and restricted share awards with dividend equivalent units, awarded at a transaction price of $0.0000 per share to the reporting officer.