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Related Parties (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of transactions between related parties [abstract] |
Subsidiaries and Other Related Parties |
| 12/31/2023 |
| Loan (1) |  |  | Commercial transactions |  |  | Trading transactions |
| Assets |  |  | Liabilities |  |  | Trade receivables |  |  | Trade payables |  |  | Sales and services provided |  |  | Purchases |
Química da Bahia Indústria e Comércio S.A. | - |  |  | 2,875 |  |  | - |  |  | - |  |  | - |  |  | - |
Refinaria de Petróleo Riograndense S.A. | - |  |  | - |  |  | - |  |  | 29,278 |  |  | - |  |  | 510,510 |
União Vopak Armazéns Gerais Ltda. | - |  |  | - |  |  | 32 |  |  | - |  |  | 571 |  |  | - |
Latitude Logística Portuária S.A. | 11,393 |  |  | - |  |  | - |  |  | 20 |  |  | - |  |  | - |
Nordeste Logistica I S.A. | 6,842 |  |  | - |  |  | - |  |  | 24 |  |  | - |  |  | - |
Nordeste Logistica III S.A. | - |  |  | - |  |  | - |  |  | 18 |  |  | - |  |  | - |
Navegantes Logística Portuária S.A. | 13,657 |  |  | - |  |  | 46 |  |  | - |  |  | - |  |  | - |
Chevron (Thailand) Limited (2) | - |  |  | - |  |  | - |  |  | - |  |  | 483 |  |  | - |
Chevron Latin America Marketing LLC (2) | - |  |  | - |  |  | 73 |  |  | - |  |  | - |  |  | - |
Chevron Lubricants Oils S.A. (2) | - |  |  | - |  |  | 353 |  |  | - |  |  | 353 |  |  | - |
Chevron Marine Products (2) | - |  |  | - |  |  | 2,495 |  |  | - |  |  | 13,228 |  |  | - |
Chevron Oronite Brasil Ltda.(2) | - |  |  | - |  |  | - |  |  | 53,466 |  |  | - |  |  | 175,053 |
Chevron Products Company (2) | - |  |  | - |  |  | - |  |  | 63,263 |  |  | - |  |  | 370,137 |
Chevron Belgium NV (2) | - |  |  | - |  |  | - |  |  | 1,346 |  |  | - |  |  | 27,306 |
Chevron Brasil Óleo e Gás Ltda. (2) | - |  |  | - |  |  | - |  |  | 37 |  |  | - |  |  | - |
Chevron Lubricants Lanka PLC (2) | - |  |  | - |  |  | 144 |  |  | - |  |  | 144 |  |  | - |
MLF Holding Ltda. (3) | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 59 |
Others | - |  |  | 243 |  |  | - |  |  | - |  |  | - |  |  | - |
Total | 31,892 |  |  | 3,118 |  |  | 3,143 |  |  | 147,452 |  |  | 14,779 |  |  | 1,083,065 |
(1) Loans contracted have indefinite terms and do not contain remuneration clauses. (2) Non-controlling shareholders and other related parties of Iconic. (3) Non-controlling shareholders and other related parties of Serra Diesel.
| 12/31/2022 |  |  | 12/31/2022 |
| Loan (1) |  |  | Commercial transactions |  |  | Trading transactions |
| Assets |  |  | Liabilities |  |  | Trade 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 | - |  |  | 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 |
| Trading transactions |
| Sales and services provided |  |  | Purchases |
Refinaria de Petróleo Riograndense S.A. | - |  |  | 619,785 |
União Vopak Armazéns Gerais Ltda. | 1,402 |  |  | - |
Chevron (Thailand) Limited (1) | 675 |  |  | 1,072 |
Chevron Lubricants Lanka PLC (1) | 164 |  |  | - |
Chevron Lubricants Oils S.A. (1) | 786 |  |  | - |
Chevron Marine Products (1) | 24,583 |  |  | - |
Chevron Oronite Brasil Ltda. (1) | 78 |  |  | 150,878 |
Chevron Products Company (1) | - |  |  | 789,452 |
Chevron Belgium NV (1) | - |  |  | 7,520 |
Chevron Petroleum CO Colombia (1) | 392 |  |  | - |
Total | 28,080 |  |  | 1,568,707 |
(1) Non-controlling shareholders and other related parties of Iconic.
Expenses for Compensation of its Key Executives | The expenses for compensation of its key executives (Company’s directors and statutory executive officers) are shown below:
| 2023 |  |  | 2022 |  |  | 2021 |
Short-term compensation | 54,396 |  |  | 62,285 |  |  | 47,003 |
Stock compensation | 35,165 |  |  | 18,424 |  |  | 15,778 |
Post-employment benefits | 4,206 |  |  | 4,035 |  |  | 2,737 |
Termination benefits | 1,007 |  |  | - |  |  | 5,637 |
Total | 94,774 |  |  | 84,744 |  |  | 71,155 |
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 |  |  | Fair value 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 | - |  |  | 2023 |  |  | 32.72 |  |  | 9,732 |  |  | (9,732 | ) |  | - |
Balance as of December 31, 2023 | - |  |  |  |  |  |  |  |  | 9,732 |  |  | (9,732 | ) |  | -
Changes of Number of Shares Granted | The table below summarizes the changes in the number of shares granted:
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 |
Shares transferred to executives | (66,664 | )
Balance as of December 31, 2023 | - |
Restricted Stock Program | The table below summarizes the restricted and performance stock programs under the 2017 Plan and the 2023 Plan:
Program | Grant date | Number of shares granted (Quantity) |  |  | Vesting period |  |  | Fair value 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) |  |  | Unrecognized exercisable grant costs (in R$ thousands) |
Restricted | September 19, 2018 | 80,000 |  |  | 2024 |  |  | 19.58 |  |  | 2,675 |  |  | (2,341 | ) |  | 334 |
Restricted | April 3, 2019 | 25,996 |  |  | 2024 |  |  | 23.25 |  |  | 3,083 |  |  | (3,027 | ) |  | 56 |
Restricted | September 2, 2019 | 240,000 |  |  | 2025 |  |  | 16.42 |  |  | 6,756 |  |  | (4,880 | ) |  | 1,876 |
Restricted | April 1, 2020 | 89,388 |  |  | 2024 to 2025 |  |  | 12.53 |  |  | 2,107 |  |  | (1,781 | ) |  | 326 |
Performance | April 1, 2020 | 144,202 |  |  | 2024 to 2025 |  |  | 12.53 |  |  | 3,234 |  |  | (2,845 | ) |  | 389 |
Restricted | September 16, 2020 | 140,000 |  |  | 2026 |  |  | 23.03 |  |  | 5,464 |  |  | (3,036 | ) |  | 2,428 |
Restricted | April 7, 2021 | 339,678 |  |  | 2024 |  |  | 21.00 |  |  | 13,822 |  |  | (12,711 | ) |  | 1,111 |
Performance | April 7, 2021 | 645,094 |  |  | 2024 |  |  | 21.00 |  |  | 25,358 |  |  | (23,692 | ) |  | 1,666 |
Restricted | September 22, 2021 | 1,000,000 |  |  | 2027 |  |  | 14.17 |  |  | 24,363 |  |  | (9,576 | ) |  | 14,787 |
Restricted | April 6, 2022 | 667,194 |  |  | 2025 |  |  | 14.16 |  |  | 18,240 |  |  | (10,885 | ) |  | 7,355 |
Performance | April 6, 2022 | 847,990 |  |  | 2025 |  |  | 14.16 |  |  | 22,694 |  |  | (13,931 | ) |  | 8,763 |
Restricted | September 21, 2022 | 2,640,000 |  |  | 2032 |  |  | 12.98 |  |  | 64,048 |  |  | (8,540 | ) |  | 55,508 |
Restricted | December 7, 2022 | 1,500,000 |  |  | 2032 |  |  | 13.47 |  |  | 37,711 |  |  | (4,090 | ) |  | 33,621 |
Restricted | April 20, 2023 | 311,324 |  |  | 2025 |  |  | 14.50 |  |  | 7,472 |  |  | (2,802 | ) |  | 4,670 |
Restricted | April 20, 2023 | 1,179,409 |  |  | 2026 |  |  | 14.50 |  |  | 32,040 |  |  | (8,129 | ) |  | 23,911 |
Performance | April 20, 2023 | 1,184,320 |  |  | 2026 |  |  | 14.50 |  |  | 32,059 |  |  | (8,149 | ) |  | 23,910 |
Restricted | September 20, 2023 | 3,800,000 |  |  | 2033 |  |  | 18.75 |  |  | 132,775 |  |  | (4,426 | ) |  | 128,349 |
|  | 14,834,595 |  |  |  |  |  |  |  |  | 433,901 |  |  | (124,841 | ) |  | 309,060 |
Summarized Changes of Number of Restricted and Performance Shares Granted |
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 |
Shares granted during the year | 6,930,871 |
Cancellation of granted shares due to termination of executive employment | (583,180 | )
Shares transferred (vesting) | (447,800 | )
Balance as of December 31, 2023 | 14,834,595 |

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