Vale (VALE) accounting officer receives 6,916 RSUs with multi-year vesting

Rhea-AI Filing Summary

de Souza Funo Elaine Maria reported acquisition or exercise transactions in this Form 4 filing.

Vale S.A. reported that Accounting Officer Elaine Maria de Souza Funo received a grant of 6,916 restricted share units (RSUs) on April 1, 2026. Each RSU gives a contingent right to one common share at settlement, so this award increases her equity-based compensation without a cash purchase.

After this grant, she holds a total of 31,856 common shares, including RSUs granted in 2024, 2025, and 2026. The RSUs vest in stages: 8,270 on March 1, 2027, another 8,270 on March 1, 2028, and 6,916 on April 1, 2029, aligning her incentives with Vale’s long-term performance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider de Souza Funo Elaine Maria

Role Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	6,916	$0.00	--

Holdings After Transaction: Common Shares — 31,856 shares (Direct)

Footnotes (1)

1. On April 1, 2026, the Reporting Person was granted restricted share units ("RSUs"). Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement. Includes 6,916 Common Shares that are represented by RSUs granted on April 1, 2026, and RSUs previously granted, in 2024 and 2025. 8,270 RSUs vest on March 1, 2027, 8,270 RSUs vest on March 1, 2028 and 6,916 vest on April 1, 2029. Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement.

Key Figures

RSUs granted: 6,916 units Total shares after transaction: 31,856 shares First vesting tranche: 8,270 RSUs +3 more

6 metrics

RSUs granted 6,916 units Restricted share units granted on April 1, 2026

Total shares after transaction 31,856 shares Common shares (including RSUs) following the award

First vesting tranche 8,270 RSUs Vest on March 1, 2027

Second vesting tranche 8,270 RSUs Vest on March 1, 2028

Third vesting tranche 6,916 RSUs Vest on April 1, 2029

Grant price $0.00 per share Compensation grant, not market purchase

Key Terms

restricted share units, RSUs, contingent right, vest

4 terms

restricted share units financial

"the Reporting Person was granted restricted share units ("RSUs"). Each RSU represents a contingent right"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

RSUs financial

"Includes 6,916 Common Shares that are represented by RSUs granted on April 1, 2026"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

contingent right financial

"Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement"

vest financial

"8,270 RSUs vest on March 1, 2027, 8,270 RSUs vest on March 1, 2028 and 6,916 vest on April 1, 2029"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

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^*

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

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

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

2a. Foreign Trading Symbol
[VALE3]

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	04/01/2026		A		6,916(1)	A	$0	31,856(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On April 1, 2026, the Reporting Person was granted restricted share units ("RSUs"). Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement.

2. Includes 6,916 Common Shares that are represented by RSUs granted on April 1, 2026, and RSUs previously granted, in 2024 and 2025. 8,270 RSUs vest on March 1, 2027, 8,270 RSUs vest on March 1, 2028 and 6,916 vest on April 1, 2029. Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement.

	/s/ Elaine Maria de Souza Funo	04/03/2026
	** 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)

FAQ

What insider transaction did Vale (VALE) report for Elaine Maria de Souza Funo?

Vale reported that Accounting Officer Elaine Maria de Souza Funo received 6,916 restricted share units on April 1, 2026. Each RSU represents a contingent right to receive one common share of Vale S.A. as part of her equity-based compensation package.

How many Vale (VALE) shares does Elaine Maria de Souza Funo hold after this Form 4?

After this RSU grant, Elaine Maria de Souza Funo holds 31,856 Vale common shares, including shares represented by restricted share units. These holdings combine RSUs granted in 2024, 2025, and 2026, which will settle into common shares as they vest over time.

What is the vesting schedule for Elaine Maria de Souza Funo’s Vale (VALE) RSUs?

The RSUs vest in three tranches: 8,270 units vest on March 1, 2027, another 8,270 vest on March 1, 2028, and 6,916 vest on April 1, 2029. Each vested RSU will convert into one Vale common share upon settlement.

Did Elaine Maria de Souza Funo buy Vale (VALE) shares in the market?

No, the Form 4 shows a grant of 6,916 restricted share units at a price of zero per share, reflecting compensation rather than an open-market purchase. The transaction is categorized as a grant or award acquisition, not a cash share purchase.

What type of security was granted to Elaine Maria de Souza Funo by Vale (VALE)?

She was granted restricted share units, or RSUs, which are a form of stock-based compensation. Each RSU provides a contingent right to receive one Vale common share upon settlement, subject to the specified vesting dates in 2027, 2028, and 2029.