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v3.23.1

Related Parties (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of transactions between related parties [abstract] |
Subsidiaries and Other Related Parties |
| 12/31/2022 |
| Loans (1) |  |  | Commercial transactions |  |  | Trading transactions |
| Assets |  |  | Liabilities |  |  | Receivables |  |  | Trade payables |  |  | Sales and services provided |  |  | Purchases |
Química da Bahia Indústria e Comércio S.A. | - |  |  | 2,875 |  |  | - |  |  | - |  |  | - |  |  | - |
Refinaria de Petróleo Riograndense S.A. | - |  |  | - |  |  | - |  |  | 26,062 |  |  | - |  |  | 336,781 |
União Vopak Armazéns Gerais Ltda. | - |  |  | - |  |  | 61 |  |  | - |  |  | 784 |  |  | - |
Latitude Logística Portuária S.A. | - |  |  | - |  |  | 3 |  |  | 346 |  |  | - |  |  | - |
Nordeste Logistica I S.A. | - |  |  | - |  |  | - |  |  | 22 |  |  | - |  |  | - |
Nordeste Logistica III S.A. | - |  |  | - |  |  | - |  |  | 17 |  |  | - |  |  | - |
Chevron (Thailand) Limited (2) | - |  |  | - |  |  | - |  |  | 113 |  |  | - |  |  | 832 |
Chevron Latin America Marketing LLC (2) | - |  |  | - |  |  | 34 |  |  | - |  |  | - |  |  | - |
Chevron Lubricants Oils S.A. (2) | - |  |  | - |  |  | 403 |  |  | - |  |  | 930 |  |  | - |
Chevron Marine Products (2) | - |  |  | - |  |  | 1,950 |  |  | - |  |  | 14,068 |  |  | - |
Chevron Oronite Brasil Ltda. (2) | - |  |  | - |  |  | - |  |  | 53,912 |  |  | - |  |  | 162,006 |
Chevron Products Company (2) | - |  |  | - |  |  | - |  |  | 178,846 |  |  | - |  |  | 699,154 |
Chevron Belgium NV (2) | - |  |  | - |  |  | - |  |  | 326 |  |  | - |  |  | 13,053 |
Chevron Petroleum CO Colombia (2) | - |  |  | - |  |  | 220 |  |  | - |  |  | 220 |  |  | - |
Chevron Lubricants Lanka PLC (2) | - |  |  | - |  |  | 88 |  |  | - |  |  | 88 |  |  | - |
Others (1) | - |  |  | 617 |  |  | - |  |  | - |  |  | - |  |  | - |
Total | - |  |  | 3,492 |  |  | 2,759 |  |  | 259,644 |  |  | 16,090 |  |  | 1,211,826 |
(1) Loans contracted have indefinite terms and do not contain remuneration clauses. (2) Non-controlling shareholders and other related parties of Iconic.
| 12/31/2021 |  |  | 12/31/2021 |
| Loans (1) |  |  | Commercial transactions |  |  | Trading transactions |
| Assets |  |  | Liabilities |  |  | Receivables |  |  | Trade payables |  |  | Sales and services provided |  |  | Purchases |
Química da Bahia Indústria e Comércio S.A. | - |  |  | 2,875 |  |  | - |  |  | - |  |  | - |  |  | - |
Refinaria de Petróleo Riograndense S.A. | - |  |  | - |  |  | - |  |  | 90,761 |  |  | - |  |  | 619,785 |
União Vopak Armazéns Gerais Ltda. | - |  |  | - |  |  | 57 |  |  | - |  |  | 1,402 |  |  | - |
Chevron (Thailand) Limited (2) | - |  |  | - |  |  | 204 |  |  | - |  |  | 675 |  |  | 1,072 |
Chevron Lubricants Lanka PLC (2) | - |  |  | - |  |  | - |  |  | - |  |  | 164 |  |  | - |
Chevron Lubricants Oils S.A. (2) | - |  |  | - |  |  | 319 |  |  | - |  |  | 786 |  |  | - |
Chevron Marine Products (2) | - |  |  | - |  |  | 3,663 |  |  | - |  |  | 24,583 |  |  | - |
Chevron Oronite Brasil Ltda. (2) | - |  |  | - |  |  | - |  |  | 53,378 |  |  | 78 |  |  | 150,878 |
Chevron Products Company (2) | - |  |  | - |  |  | - |  |  | 158,557 |  |  | - |  |  | 789,452 |
Chevron Belgium NV (2) | - |  |  | - |  |  | - |  |  | 821 |  |  | - |  |  | 7,520 |
Chevron Petroleum CO Colombia (2) | - |  |  | - |  |  | 214 |  |  | - |  |  | 392 |  |  | - |
Others (1) | 490 |  |  | 659 |  |  | - |  |  | - |  |  | - |  |  | - |
Total | 490 |  |  | 3,534 |  |  | 4,457 |  |  | 303,517 |  |  | 28,080 |  |  | 1,568,707 |
(1) Loans contracted have indefinite terms and do not contain remuneration clauses. (2) Non-controlling shareholders and other related parties of Iconic.
| Trading transactions |
| Sales and services |  |  | Purchases |  |  | Expenses |
Oxicap Indústria de Gases Ltda. | 471 |  |  | 19,077 |  |  | - |
Refinaria de Petróleo Riograndense S.A. | - |  |  | 314,587 |  |  | - |
ConectCar Soluções de Mobilidade Eletrônica S.A. | 3,062 |  |  | 154 |  |  | - |
LA’7 Participações e Empreend. Imob. Ltda. (a) | - |  |  | - |  |  | 1,613 |
Chevron (Thailand) Limited | - |  |  | 759 |  |  | - |
Chevron Oronite Brasil LTDA. | - |  |  | 108,198 |  |  | - |
Chevron Products Company | - |  |  | 247,578 |  |  | - |
Chevron Belgium NV | - |  |  | 6,707 |  |  | - |
Total as of December 31, 2020 | 3,533 |  |  | 697,060 |  |  | 1,613 |
(a) Refers to rental contracts of 15 drugstores owned by LA’7 as of December 31, 2020, a company of the former shareholders of Extrafarma that are current shareholders of Ultrapar.
Expenses for Compensation of its Key Executives | The expenses for compensation of its key executives (Company’s directors and executive officers) are shown below:
| 2022 |  |  | 2021 |  |  | 2020 |
Short-term compensation | 62,285 |  |  | 47,003 |  |  | 47,936 |
Stock compensation | 18,424 |  |  | 15,778 |  |  | 4,786 |
Post-employment benefits | 4,035 |  |  | 2,737 |  |  | 2,866 |
Termination benefits | - |  |  | 5,637 |  |  | - |
Total | 84,744 |  |  | 71,155 |  |  | 55,588 |
Shares Granted | The table below summarizes shares granted to the management of the Company and its subsidiaries:
Grant date | Number of shares granted |  |  | Vesting period |  |  | Market price of shares on the grant date (in R$ per share) |  |  | Total grant costs, including taxes |  |  | Accumulated recognized grant costs |  |  | Accumulated unrecognized grant costs |
March 4, 2016 | 66,664 |  |  | 2023 |  |  | 32.72 |  |  | 9,732 |  |  | (9,644 | ) |  | 88 |
Balance as of December 31, 2022 | 66,664 |  |  |  |  |  |  |  |  | 9,732 |  |  | (9,644 | ) |  | 88 |
Changes of Number of Shares Granted | The table below summarizes the changes in the number of shares granted:
Balance as of December 31, 2019 |  | 1,224,524 |
Cancellation of granted shares due to termination of executive employment |  | (200,000 | )
Shares vested and transferred |  | (322,264 | )
Balance as of December 31, 2020 |  | 702,260 |
Shares transferred to executives |  | (448,930 | )
Reclassification to assets held for sale |  | (119,998 | )
Balance as of December 31, 2021 |  | 133,332 |
Shares transferred to executives |  | (66,668 | )
Balance as of December 31, 2022 |  | 66,664 |
Restricted Stock Program | The table below summarizes the restricted and performance stock programs:
Program | Grant date | Number of shares granted (Quantity) |  |  | Vesting period |  |  | Market price of shares on the grant date (in R$ per share) |  |  | Total exercisable grant costs, including taxes (in R$ thousands) |  |  | Accumulated recognized exercisable grant costs (in R$ thousands) |  |  | Accumulated unrecognized exercisable grant costs |
Restricted | April 4, 2018 | 6,658 |  |  | 2023 |  |  | 34.35 |  |  | 427 |  |  | (406 | ) |  | 21 |
Restricted | September 19, 2018 | 80,000 |  |  | 2024 |  |  | 19.58 |  |  | 2,675 |  |  | (1,895 | ) |  | 780 |
Restricted | September 24, 2018 | 80,000 |  |  | 2024 |  |  | 18.40 |  |  | 2,528 |  |  | (1,791 | ) |  | 737 |
Restricted | April 3, 2019 | 74,916 |  |  | 2023 and 2024 |  |  | 23.25 |  |  | 3,264 |  |  | (2,758 | ) |  | 506 |
Performance (ii) | April 3, 2019 | 37,458 |  |  | 2024 |  |  | 23.25 |  |  | 1,619 |  |  | (1,214 | ) |  | 405 |
Restricted | September 2, 2019 | 320,000 |  |  | 2025 |  |  | 16.42 |  |  | 9,013 |  |  | (5,007 | ) |  | 4,006 |
Restricted | April 1, 2020 | 182,853 |  |  | 2023 to 2025 |  |  | 12.53 |  |  | 4,267 |  |  | (3,064 | ) |  | 1,203 |
Performance (ii) | April 1, 2020 | 276,580 |  |  | 2023 to 2025 |  |  | 12.53 |  |  | 6,440 |  |  | (4,854 | ) |  | 1,586 |
Restricted | September 16, 2020 | 300,000 |  |  | 2026 |  |  | 23.03 |  |  | 11,793 |  |  | (4,586 | ) |  | 7,207 |
Restricted | April 7, 2021 | 425,422 |  |  | 2024 |  |  | 21.00 |  |  | 16,705 |  |  | (9,744 | ) |  | 6,961 |
Performance (ii) | April 7, 2021 | 454,520 |  |  | 2024 |  |  | 21.00 |  |  | 17,824 |  |  | (10,864 | ) |  | 6,960 |
Restricted | September 22, 2021 | 1,000,000 |  |  | 2027 |  |  | 14.17 |  |  | 24,363 |  |  | (5,543 | ) |  | 18,820 |
Restricted | April 6, 2022 | 777,065 |  |  | 2025 |  |  | 14.16 |  |  | 20,573 |  |  | (5,143 | ) |  | 15,430 |
Performance (ii) | April 6, 2022 | 779,232 |  |  | 2025 |  |  | 14.16 |  |  | 20,631 |  |  | (5,201 | ) |  | 15,430 |
Restricted | September 21, 2022 | 2,640,000 |  |  | 2032 |  |  | 12.98 |  |  | 64,048 |  |  | (2,135 | ) |  | 61,913 |
Restricted | December 7, 2022 | 1,500,000 |  |  | 2032 |  |  | 13.47 |  |  | 38,125 |  |  | (318 | ) |  | 37,807 |
| 8,934,704 |  |  |  |  |  |  |  |  | 244,295 |  |  | (64,523 | ) |  | 179,772 |
Summarized Changes of Number of Restricted and Performance Shares Granted |
Balance as of December 31, 2019 |  | 1,738,660 |
Shares granted on April 1, 2020 |  | 877,788 |
Shares granted on September 16, 2020 |  | 700,000 |
Cancellation of granted shares due to termination of executive employment |  | (353,294 | )
Cancellation of performance shares |  | (52,992 | )
Balance as of December 31, 2020 |  | 2,910,162 |
Shares granted on April 7, 2021 |  | 1,386,504 |
Shares granted on September 22, 2021 |  | 1,000,000 |
Performance shares (i) |  | (133,326 | )
Cancellation of granted shares due to termination of executive employment |  | (133,186 | )
Reclassification to assets held for sale |  | (614,860 | )
Balance as of December 31, 2021 |  | 4,415,294 |
Shares granted during the year |  | 5,702,027 |
Cancellation of granted shares due to termination of executive employment |  | (934,310 | )
Shares transferred (vesting) |  | (484,651 | )
Reclassification from assets held for sale |  | 236,344 |
Balance as of December 31, 2022 |  | 8,934,704 |
(i) Refers to the reversal of the provision constituted in view of the significant probability that performance indicators will not be achieved. (ii) The performance targets are established by grant in accordance with individual and collective business goals.

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