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Share-based compensation plan | 3 Months Ended
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Mar. 31, 2025
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 long-term share-based remuneration plans: (i) Phantom stock option plan (“PS”), settled in cash; and (ii) Performance Share Plan, settled in shares. The characteristics and measurement method of each plan were disclosed in the annual financial statements for the year ended December 31, 2024 (Note 22), which did not change during the three-month period ended March 31, 2025. 22.1 Phantom shares plan (“PS”) The roll-forward arrangements are set out below:
|  |  |  | Number of shares
Year of grant |  | Fair value on grant date |  | 31/12/2024 |  | Granted during of the year |  | Cancelled |  | Exercised (1) |  | 31/03/2025 |  | Available for completion |  | Restricted year for transfer of shares
2025 |  | 2026 |  | 2027 |  | 2028
2020 |  | R$38.50 |  |  | 33,384 |  |  | 1,083 |  |  |  |  |  |  | 34,467 |  |  | 34,467 |  |  |  |  |  |  |  |  |
2021 |  | R$62.25 |  |  | 874,480 |  |  | 28,375 |  |  | (13,046) |  |  | (358,000) |  |  | 531,809 |  |  | 404,570 |  |  | 127,239 |  |  |  |  |  |  |
2022 |  | R$57.48 |  |  | 3,461,437 |  |  | 112,251 |  |  | (98,593) |  |  | (979,322) |  |  | 2,495,773 |  |  |  |  | 2,148,353 |  |  | 323,447 |  |  | 23,973 |  |  |
2023 |  | R$48.84 |  |  | 3,052,179 |  |  | 98,965 |  |  | (95,361) |  |  | (63,225) |  |  | 2,992,558 |  |  |  |  | 29,253 |  |  | 2,670,308 |  |  | 292,997 |  |  |
2024 |  | R$56.53 |  |  | 2,675,017 |  |  | 86,665 |  |  | (46,819) |  |  | (37,191) |  |  | 2,677,672 |  |  |  |  |  |  | 2,987 |  |  | 2,476,946 |  |  | 197,739 |
2025 |  | R$60.53 |  |  |  |  | 1,683,347 |  |  | (4,095) |  |  | (17,401) |  |  | 1,661,851 |  |  |  |  |  |  |  |  |  |  | 1,661,851 |
|  | 10,096,497 |  |  | 2,010,686 |  |  | (257,914) |  |  | (1,455,139) |  |  | 10,394,130 |  |  | 439,037 |  |  | 2,304,845 |  |  | 2,996,742 |  |  | 2,793,916 |  |  | 1,859,590 |
Book value |  | 361,974 |  |  | 83,198 |  |  |  |  | (83,277) |  |  | 361,895 |  |  |  |  |  |  |  |  |  |  |
Book value of the previous year |  | 268,489 |  |  | 173,486 |  |  |  |  | (80,001) |  |  | 361,974 |  |  |  |  |  |  |  |  |  |  |
(1)The average price of the share options exercised and exercised due to termination of employment on March 31, 2025 was R$60.25 (R$42.36 as at December 31, 2024). 22.2 Restricted shares plan (“Performance Shares”) The position is set forth below:
|  |  |  | Number of stock options
Year of grant |  | Fair value on grant date |  | 31/12/2024 |  | Shares granted/provisioned |  | Exercised |  | 31/03/2025 |  | Restricted year for transfer of shares
2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030
2022 |  | R$53.81 |  |  | 115,800 |  |  | 3,758 |  |  | (119,558) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  | R$51.41 |  |  | 383,568 |  |  | 12,448 |  |  |  |  | 396,016 |  |  |  |  | 277,249 |  |  | 118,767 |  |  |  |  |  |  |
2024 |  | R$55.77 |  |  | 2,480,743 |  |  | 80,509 |  |  |  |  | 2,561,252 |  |  | 348,417 |  |  | 227,697 |  |  | 312,564 |  |  |  |  | 1,672,574 |  |  |
2025 |  | R$61.39 |  |  |  |  | 267,096 |  |  |  |  | 267,096 |  |  |  |  |  |  |  |  | 150,604 |  |  |  |  | 116,492 |
Number of stock options |  | 2,980,111 |  |  | 363,811 |  |  | (119,558) |  |  | 3,224,364 |  |  | 348,417 |  |  | 504,946 |  |  | 431,331 |  |  | 150,604 |  |  | 1,672,574 |  |  | 116,492 |
Book value |  | 60,226 |  |  | 11,038 |  |  | (6,437) |  |  | 64,827 |  |  |  |  |  |  |  |  |  |  |  |  |
Book value of the previous year |  | 26,744 |  |  | 81,276 |  |  | (47,794) |  |  | 60,226 |  |  |  |  |  |  |  |  |  |  |  |  |

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- Definition The entire disclosure for share-based payment arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 44 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_44&doctype=Standard -URIDate 2024-03-27 + Details
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