Batista de Lima Filho Pedro 4
4 · BRAZILIAN ELECTRIC POWER CO · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Brazilian Electric Power (AXIA3) Director Pedro Batista Receives Award
What Happened Pedro Batista de Lima Filho, a director of Brazilian Electric Power Co. (ticker AXIA3), received an award of 10,639 restricted stock units (RSUs) on March 20, 2026. No cash price was paid (award/grant), and the RSUs are the economic equivalent of one common share each and will be settled 1:1 into common shares when vested.
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-23 (filing appears timely).
- Security and amount: 10,639 RSUs granted; price reported as N/A (award).
- Shares owned after transaction: not specified in the filing.
- Footnotes: (1) Each RSU equals one common share and is reserved for the Board under the company’s restricted-share compensation program. (2) The reported RSU count reflects an adjustment tied to the company’s December 2025 bonus stock issuance (creation of Class "C" Preferred Shares); no additional consideration was paid by the insider.
- Transaction type code: A = Award/Grant.
Context RSUs are a form of compensation (not an open-market purchase or sale); they represent a future right to receive common shares and typically do not convey immediate voting rights until settled. Such grants are routine for directors and do not by themselves indicate a buy or sell signal about the insider’s view of the stock.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-20+10,639→ 51,115 total
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") is the economic equivalent of one Common Share, is settled in Common Shares on a 1:1 basis, and was issued pursuant to the Eletrobras -Brazilian Electric Power Co.'s (the "Company") restricted share based compensation program. These RSUs are reserved for the Board of Directors.
- [F2]The number of RSUs reported herein reflects an adjustment made pursuant to the reporting person's RSU award agreement in connection with the bonus stock issuance carried out by the Company in December 2025, which resulted in the creation and issuance of the Class "C" Preferred Shares. No additional consideration was paid by the reporting person in connection with such adjustment.