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SHARE-BASED COMPENSATION PLAN (Tables)
12 Months Ended
Dec. 31, 2019
SHARE-BASED COMPENSATION PLAN  
Schedule of changes in phantom shares options

 

 

 

 

 

 

 

 

  

December 31,

  

December 31,

  

December 31,

 

 

2019

 

2018

 

2017

 

 

Number of shares

Beginning balance

 

5,045,357

 

5,055,519

 

3,048,991

Granted during of the year

 

2,413,038

 

1,415,476

 

3,035,488

Exercised (1)

 

(827,065)

 

(751,859)

 

(695,532)

Exercised due to resignation (1)

 

(106,983)

 

(153,601)

 

(161,270)

Abandoned / prescribed due to resignation

 

(527,910)

 

(520,178)

 

(172,158)

Ending balance

 

5,996,437

 

5,045,357

 

5,055,519


1)

For share options exercised and those exercised due to termination of employment, the average price on December 31, 2019 and December 31, 2018 was R$31.75 and R$47.77, respectively.

Schedule of outstanding phantom shares option plans

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

Quantity of

 

 

 

 

 

 

Fair value on

 

outstanding

Plan

  

Grant date

  

Exercise date

  

grant  date (1)

  

options granted

SAR 2015

 

01/04/2015

 

01/04/2020

 

11.69

 

3,635

Deferral 2015

 

01/03/2016

 

01/03/2019

 

16.93

 

 —

Deferral 2015

 

01/03/2016

 

01/03/2020

 

16.93

 

61,851

SAR 2016

 

01/04/2016

 

01/04/2021

 

15.96

 

64,075

PLUS 2016

 

01/04/2016

 

01/04/2021

 

15.96

 

16,708

SAR 2016 - Oct

 

03/10/2016

 

03/10/2021

 

11.03

 

8,934

SAR 2017

 

03/04/2017

 

03/04/2022

 

13.30

 

831,546

PLUS 2017

 

03/04/2017

 

03/04/2022

 

13.30

 

225,553

ILP 2017 - 36

 

03/04/2017

 

03/04/2020

 

13.30

 

304,512

ILP 2017 - 48

 

03/04/2017

 

03/04/2021

 

13.30

 

304,512

ILP 2017 - 60

 

03/04/2017

 

03/04/2022

 

13.30

 

304,512

ILP 2017 - CAB

 

01/05/2017

 

01/05/2020

 

13.30

 

307,141

ILP 2017 - 36 Oct

 

02/10/2017

 

02/10/2020

 

15.87

 

84,436

Deferral 2017

 

01/03/2018

 

01/03/2021

 

19.88

 

169,575

Deferral 2017

 

01/03/2018

 

01/03/2022

 

19.88

 

169,575

SAR 2018

 

02/04/2018

 

02/04/2023

 

21.45

 

726,537

PLUS 2018

 

02/04/2018

 

02/04/2023

 

21.45

 

74,592

ILP 2019 - 24

 

01/03/2019

 

01/03/2024

 

41.10

 

520,000

ILP 2019 - 36

 

01/03/2019

 

01/03/2024

 

41.10

 

520,000

Deferral 2018

 

01/03/2019

 

01/03/2022

 

41.10

 

92,356

Deferral 2018

 

01/03/2019

 

01/03/2023

 

41.10

 

92,356

ILP 2019 - 36 H

 

25/03/2019

 

25/03/2024

 

42.19

 

7,500

ILP 2019 - 48 H

 

25/03/2019

 

25/03/2024

 

42.19

 

7,500

ILP 2019 - 24 Apr

 

01/04/2019

 

01/04/2024

 

42.81

 

20,000

ILP 2019 - 36 Ar

 

01/04/2019

 

01/04/2024

 

42.81

 

20,000

SAR 2019

 

01/04/2019

 

01/04/2024

 

42.81

 

792,565

PLUS 2019

 

01/04/2019

 

01/04/2024

 

42.81

 

15,572

ILP - Retention 2019 - 12

 

01/10/2019

 

01/10/2020

 

31.86

 

105,964

ILP - Retention 2019 - 24

 

01/10/2019

 

01/10/2021

 

31.86

 

105,930

ILP 2019 - 24 Oct

 

01/10/2019

 

01/10/2021

 

31.75

 

7,800

ILP 2019 - 36 Oct

 

01/10/2019

 

01/10/2022

 

31.75

 

19,500

ILP 2019 - 48 Oct

 

01/10/2019

 

01/10/2023

 

31.75

 

11,700

 

 

 

 

 

 

 

 

5,996,437


(1)

Amounts expressed in Reais.

 

Summary of activity for common stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

  

Deadline for the

 

  

 

  

 

  

 

 

 

 

 

options to become

 

Price on

 

Shares

 

Restricted year for

Program

 

Date of grant

 

exercisable

 

grant date

 

Granted

 

transfer of shares

Program 4

 

01/02/2018

 

01/02/2019

 

R$

39.10

 

130,435

 

01/02/2022

 

Schedule of amounts corresponding to services received and recognized

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and equity

 

Income Statement

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

  

2019

  

2018

  

2019

  

2018

  

2017

Non-current liabilities

 

   

 

   

 

   

 

   

 

   

Provision for phantom stock plan

 

136,505

 

124,318

 

(46,389)

 

(126,439)

 

(32,192)

Shareholders' equity

 

 

 

 

 

 

 

 

 

   

Stock option granted

 

5,979

 

5,100

 

(879)

 

(5,170)

 

(1,521)

Total general and administrative expenses from share-based transactions

 

 

 

 

 

(47,268)

 

(131,609)

 

(33,713)