Form 4: Suzano VP Grimaldi's Phantom Share Transactions
Insider Transaction Report
Suzano's VP of Pulp Commercial and Logistics, Leonardo Grimaldi, reported the vesting and grant of cash-settled phantom shares.
Summary
- Leonardo Grimaldi, VP of Pulp Commercial and Logistics at Suzano S.A., reported changes in his beneficial ownership of phantom shares.
- On March 30, 2026, 5,085 cash-settled phantom shares, granted on March 1, 2022, vested and were settled in cash based on the market price of Suzano's common shares.
- On the same date, 16,729 cash-settled phantom shares, granted on March 1, 2023, also vested and were settled in cash under similar terms.
- Additionally, 10,360 new cash-settled phantom shares were granted to Mr. Grimaldi on March 30, 2026, which are scheduled to vest on March 1, 2029.
- The value of these phantom shares is referenced to one Suzano common share and will be settled in cash upon vesting, subject to applicable plan terms.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing routine executive compensation activities rather than a direct indicator of company performance or strategic shift.
Future Outlook
The newly granted phantom shares are subject to certain conditions and will vest on March 1, 2029, with their value tied to Suzano's common share market price at settlement.
Industry Context
StockSavvy.ai notes that executive compensation through phantom shares tied to company stock performance is a common practice in the pulp and paper industry, aligning executive incentives with shareholder value creation.
Stakeholder Impact
- Shareholders: The compensation structure aligns executive incentives with shareholder value through stock-linked phantom shares.
- Management: The VP's compensation package includes long-term incentives tied to company performance.
Next Steps
- The 10,360 newly granted phantom shares are scheduled to vest on March 1, 2029.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Grant date for 5,085 cash-settled phantom shares. |
| 03/01/2023 | Grant date for 16,729 cash-settled phantom shares. |
| 02/13/2026 | Date Power of Attorney was executed by Leonardo Grimaldi. |
| 03/30/2026 | Vesting and cash settlement date for 5,085 and 16,729 phantom shares; Grant date for 10,360 new phantom shares. |
| 03/31/2026 | Signature date of the Form 4 filing by attorney-in-fact. |
| 03/01/2029 | Scheduled vesting date for 10,360 newly granted phantom shares. |
Recommendation
holdThis Form 4 details routine executive compensation in the form of phantom shares vesting and new grants. It does not provide new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Investors should consider this as a standard disclosure of insider activity.
Keywords
Suzano S.A., SUZ, Form 4, Insider Transaction, Phantom Shares, Executive Compensation, Leonardo Grimaldi, SEC Filing
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