Vale CEO granted 43,603 RSUs in share award

Duarte Pimenta Gustavo reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Duarte Pimenta Gustavo reported acquisition or exercise transactions in this Form 4 filing.

Vale S.A.’s Chief Executive Officer Gustavo Duarte Pimenta received a grant of 43,603 restricted share units (RSUs) on April 1, 2026. Each RSU represents a contingent right to receive one Vale common share upon settlement.

After this award, he holds 404,784 common shares, including RSUs granted in 2024, 2025 and 2026. According to the vesting schedule, 35,982 RSUs vest on March 1, 2027, 50,218 RSUs vest on March 1, 2028, and 43,603 RSUs vest on April 1, 2029.

Insider Trade Summary

Grant/Award: 43,603 shares

Grant/Award 1 txn

Insider Duarte Pimenta Gustavo

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	43,603	$0.00	$0.00

Holdings After Transaction: Common Shares — 404,784 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 43,603 Common Shares that are represented by RSUs granted on April 1, 2026, and RSUs previously granted, in 2024 and 2025. 35,982 RSUs vest on March 1, 2027, 50,218 RSUs vest on March 1, 2028 and 43,603 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: 43,603 RSUs Total common shares after transaction: 404,784 shares RSUs vesting 2027: 35,982 RSUs +3 more

6 metrics

RSUs granted 43,603 RSUs Grant date April 1, 2026

Total common shares after transaction 404,784 shares Holdings following April 1, 2026 grant

RSUs vesting 2027 35,982 RSUs Vesting on March 1, 2027

RSUs vesting 2028 50,218 RSUs Vesting on March 1, 2028

RSUs vesting 2029 43,603 RSUs Vesting on April 1, 2029

Transaction price per share $0.0000 RSU grant reported with no purchase price

Key Terms

restricted share units ("RSUs"), contingent right, vest, Common Shares

4 terms

restricted share units ("RSUs") financial

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

contingent right financial

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

vest financial

"35,982 RSUs vest on March 1, 2027, 50,218 RSUs vest on March 1, 2028 and 43,603 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.

Common Shares financial

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

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Vale (VALE) disclose about CEO Gustavo Duarte Pimenta’s latest equity award?

Vale reported that CEO Gustavo Duarte Pimenta received 43,603 restricted share units on April 1, 2026. Each RSU represents a contingent right to receive one Vale common share, increasing his total common share holdings, including RSUs, to 404,784 after the grant.

How many Vale (VALE) shares does the CEO hold after the April 2026 RSU grant?

After the April 1, 2026 grant, the CEO is shown holding 404,784 Vale common shares, including RSUs. This total reflects the newly granted 43,603 RSUs plus RSUs granted in 2024 and 2025 that will settle into common shares when vested.

How many Vale (VALE) RSUs were granted to the CEO on April 1, 2026?

The filing shows a grant of 43,603 restricted share units to the CEO on April 1, 2026. Each RSU is a contingent right to receive one Vale common share upon settlement, aligning leadership compensation with future company performance and share price.

What is the vesting schedule for Vale (VALE) CEO Gustavo Pimenta’s RSUs?

The CEO’s RSUs vest in three tranches: 35,982 RSUs on March 1, 2027, 50,218 RSUs on March 1, 2028, and 43,603 RSUs on April 1, 2029. Each vested RSU entitles him to receive one Vale common share at settlement.

What does a restricted share unit (RSU) mean in Vale (VALE)’s Form 4 filing?

In this filing, each restricted share unit represents a contingent right to receive one Vale common share upon settlement. The CEO does not receive the shares immediately; he receives them over time as the RSUs vest on specified future dates.

Is the April 2026 Vale (VALE) CEO equity grant a purchase or a compensation award?

The transaction is reported as a grant or award acquisition of common shares via RSUs, not an open-market purchase. The CEO receives 43,603 RSUs at no stated purchase price, reflecting equity-based compensation rather than a cash share purchase.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 04:43 PM Learn about SEC filing dates

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^*

Duarte Pimenta Gustavo

(Last) (First) (Middle)

PRAIA DE BOTAFOGO 186

19TH FLOOR BOTAFOGO

(Street)

RIO DE JANEIRO RIO DE JANEIRO 22250145

(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)
	Chief Executive 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		43,603(1)	A	$0	404,784(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 43,603 Common Shares that are represented by RSUs granted on April 1, 2026, and RSUs previously granted, in 2024 and 2025. 35,982 RSUs vest on March 1, 2027, 50,218 RSUs vest on March 1, 2028 and 43,603 vest on April 1, 2029. Each RSU represents a contingent right to receive one Common Share of Vale S.A. upon settlement.

	/s/ Gustavo Duarte Pimenta	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)