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Share-based compensation plan | 6 Months Ended
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Jun. 30, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract] |
Disclosure of share-based payment arrangements [text block] | 22 SHARE-BASED COMPENSATION PLAN The Company has 3 (three) share-based, long-term compensation plans: (i) Phantom stock option plan (“PS”); (ii) Share Appreciation Rights (“SAR”), both settled in local currency; and (iii) restricted shares, settled in shares. The characteristics and measurement method of each plan were disclosed in the annual financial statements for the year ended December 31, 2023 (Note 22), which did not change during the six-month period ended June 30, 2024. 22.1 Long term compensation plans (“PS and SAR”) The roll-forward arrangements are set out below:
|  | Number of shares
|  | 06/30/2024 |  | 12/31/2023
Opening balance |  | 9,728,425 |  |  | 7,583,185 |
Granted during of the period |  | 2,957,142 |  |  | 3,391,581 |
Exercised (1) |  | (1,332,211) |  |  | (871,208) |
Exercised due to resignation (1) |  | (14,419) |  |  | (30,800) |
Abandoned/cancelled due to resignation |  | (410,399) |  |  | (344,333) |
Closing balance |  | 10,928,538 |  |  | 9,728,425 |
(1)The average price of the share options exercised and exercised due to termination of employment on June 30, 2024 was R$59.28 (fifty-nine reais and twenty-eight cents) (R$58.07 (fifty-eight reais and seven cents) as at December 31, 2023). 22.2 Restricted shares plan The position is set forth below:
Grant date |  | Fair value on grant date (1) |  | Shares granted |  | Restricted year for transfer of shares
01/02/2022 |  | R$53.81 |  | 115,754 |  |  | 01/02/2025
01/02/2023 |  | R$52.00 |  | 103,482 |  |  | 01/02/2026
01/02/2023 |  | R$49.58 |  | 165,052 |  |  | 01/02/2026
01/02/2024 |  | R$53.63 |  | 115,034 |  |  | 01/02/2027
01/02/2024 |  | R$52.91 |  | 164,808 |  |  | 01/02/2027
04/25/2024 |  | R$52.89 |  | 337,465 |  |  | 04/02/2025
04/25/2024 |  | R$52.89 |  | 220,540 |  |  | 04/02/2026
04/25/2024 |  | R$52.89 |  | 56,535 |  |  | 04/02/2027
05/13/2024 |  | R$57.15 |  | 1,870,000 |  |  | 04/01/2029
|  |  |  | 3,148,670 |  |  |
(1)Amounts expressed in Reais. In the six-month period ended June 30, 2024, the plan granted on January 2, 2021 had its lockup period concluded and, therefore, 114.244 shares were transferred to benefits. The balance of shares delivered was carried out in counterpart to treasury shares (Note 24.2). 22.3 Measurement assumptions The amounts corresponding to the services received and recognized are set forth below:
|  | Liabilities and Equity |  | Statement of income and Equity
|  | 06/30/2024 |  | 12/31/2023 |  | 06/30/2024 |  | 06/30/2023
Non-current liabilities |  |  |  |  |  |  |  |
Provision for phantom stock plan |  | 291,166 |  |  | 268,489 |  |  | (91,292) |  |  | (32,731) |
Equity |  |  |  |  |  |  |  |
Stock options granted |  | 39,121 |  |  | 26,744 |  |  | (12,377) |  |  | (4,159) |
Shares granted |  | (4,877) |  |  |  |  |  | 4,877 |  |  |  |
|  | 34,244 |  |  | 26,744 |  |  | (7,500) |  |  | (4,159) |
|  |  |  |  |  | (98,792) |  |  | (36,890) |

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