Vale (NYSE: VALE) accounting officer discloses 24,940 share holdings

Rhea-AI Filing Summary

Vale S.A. filed an initial ownership report for Accounting Officer Elaine Maria de Souza Funo, showing beneficial ownership of 24,940 Common Shares. This includes 16,540 Common Shares represented by Restricted Stock Units granted in 2024 and 2025, which vest in equal installments on March 1, 2027 and March 1, 2028. Each RSU entitles her to receive one Vale Common Share upon settlement.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

de Souza Funo Elaine Maria

(Last) (First) (Middle)

PRAIA DE BOTAFOGO 186

19TH FLOOR BOTAFOGO

(Street)

RIO DE JANEIRO RIO DE JANEIRO 22250150

(City) (State) (Zip)

BRAZIL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Vale S.A. [ VALE ]

3a. Foreign Trading Symbol
[VALE3]

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Accounting Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	24,940(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 16,540 Common Shares that are represented by Restricted Stock Units (RSUs), granted in 2024 and 2025. The RSUs vest annually in equal installments on March 1, 2027 and 2028. Each RSU represents a contingent right to receive one Common Stock of Vale S.A. upon settlement.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Thiago Kiill Lofiego, Attorney-in-fact	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Vale (VALE) disclose in this Form 3 filing?

This Form 3 discloses that Accounting Officer Elaine Maria de Souza Funo beneficially owns 24,940 Vale Common Shares. The filing establishes her initial ownership position as a company insider, including time-vested Restricted Stock Units granted as part of her compensation package.

How many Vale (VALE) shares does the accounting officer beneficially own?

Elaine Maria de Souza Funo is reported as beneficially owning 24,940 Vale Common Shares. This total includes both directly held shares and shares represented by Restricted Stock Units that will convert into Common Shares when they vest and are settled in future years.

What Restricted Stock Units (RSUs) are included in Vale (VALE) officer holdings?

The disclosure states that 16,540 Common Shares are represented by RSUs granted in 2024 and 2025. These RSUs form part of the officer’s equity compensation and will convert into Vale Common Shares once vesting and settlement conditions are satisfied.

When do the Vale (VALE) RSUs for the accounting officer vest?

The RSUs vest annually in equal installments on March 1, 2027 and March 1, 2028. This creates a multi‑year vesting schedule, designed to align the accounting officer’s long‑term incentives with the company’s future performance and sustained service.

What does each Vale (VALE) RSU represent for the insider?

Each RSU represents a contingent right to receive one Vale Common Share upon settlement. This means the officer receives actual shares only after vesting conditions are met and the RSUs are settled, linking compensation to continued employment and company value.

Does this Vale (VALE) Form 3 indicate any recent insider buying or selling?

The Form 3 is an initial ownership report and does not show any explicit insider purchases or sales. It primarily records the accounting officer’s existing Common Share and RSU holdings at the time she became subject to reporting obligations.