de Meirelles Wolff Elio Gil 4
4 · BRAZILIAN ELECTRIC POWER CO · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Brazilian Electric Power (AXIA3) EVP Elio Gil Receives 3,129 RSU Award
What Happened
Elio Gil de Meirelles Wolff, Executive Vice‑President of Strategy and Business Development, received an award of 3,129 restricted stock units (RSUs) on March 20, 2026 (transaction code A — grant/award). The filing reports the award amount but shows no per‑share price or cash value (N/A) because these are grant units rather than an open‑market transaction.
Key Details
- Transaction date: 2026-03-20 (Form 4 filed 2026-03-23).
- Transaction type: Award/Grant (RSUs) — 3,129 units; price/value: N/A.
- Shares owned after transaction: Not specified in the filing.
- Footnote highlights: Each RSU is the economic equivalent of one common share and is settled 1:1 in common shares; these RSUs are reserved for executive officers. The reported RSU count reflects an adjustment tied to the company’s December 2025 bonus stock issuance (creation/issuance of Class “C” Preferred Shares); no additional consideration was paid by the insider for that adjustment.
Context
This was an equity award (not a purchase or sale), so it represents compensation rather than an immediate investment decision by the insider. RSU awards typically vest over time and are settled into shares per plan terms; the filing does not indicate immediate sale or cashless exercise.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-20+3,129→ 15,034 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 executive officers.
- [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.