de Meirelles Wolff Elio Gil 4
4 · BRAZILIAN ELECTRIC POWER CO · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
BRAZILIAN ELECTRIC POWER (AXIA3) EVP Elio Gil Withholds 2,068 Shares
What Happened Elio Gil, Executive Vice‑President of Strategy and Business Development at BRAZILIAN ELECTRIC POWER CO (AXIA3), had 2,068 shares withheld by the company on March 30, 2026 to satisfy tax withholding obligations related to RSU vesting. The filing records this as a tax-withholding disposal (code F); no per-share price or cash value is reported (N/A). The shares relate to restricted stock units (RSUs) that vest 1:1 into common shares.
Key Details
- Transaction date: March 30, 2026; Form 4 filed April 1, 2026 (timely filing).
- Transaction type/code: F — shares withheld to cover withholding taxes (not an open-market sale).
- Shares withheld/disposed: 2,068 shares; price and total dollar value: N/A.
- Shares owned after transaction: not explicitly stated on the filing; footnote F3 indicates the reported ownership figure would represent the sum of (i) RSUs vested net of tax withholding, (ii) unvested RSUs, and (iii) common shares held by the officer.
- Footnotes of note:
- F1: Shares withheld by the company to satisfy withholding taxes tied to the vesting of 50% of the RSUs.
- F2: Each RSU converts 1:1 to a common share and was issued under the company’s restricted-share compensation program for executive officers.
- F3: Explains how the post-transaction ownership number is composed.
Context This was an internal tax-withholding action tied to RSU vesting — common and administrative. It is not an open-market sale or purchase and therefore does not directly signal the insider’s market view. For retail investors, purchases are generally more informative than withholding transactions; this filing simply documents compensation-related tax withholding.
Insider Transaction Report
- Tax Payment
Common Shares
[F1][F2][F3]2026-03-30−2,068→ 25,911 total
Footnotes (3)
- [F1]Represents shares withheld by the Company in satisfaction of applicable withholding taxes due in connection with the vesting of fifty percent of the RSUs and delivery of the converted Common Shares.
- [F2]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.
- [F3]Represents the sum of (i) RSUs vested on March 30, 2026 (net of tax withholding), (ii) unvested RSUs, and (iii) common shares held by the executive officer.