<SEC-DOCUMENT>0001554855-25-000182.txt : 20250317
<SEC-HEADER>0001554855-25-000182.hdr.sgml : 20250317
<ACCEPTANCE-DATETIME>20250314215426
ACCESSION NUMBER:		0001554855-25-000182
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250314
FILED AS OF DATE:		20250317
DATE AS OF CHANGE:		20250314

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		25742140

	BUSINESS ADDRESS:	
		STREET 1:		AV BRIGADERIO LUIZ ANTONIO 1343
		STREET 2:		9 ANDAR SAO PAULO
		CITY:			SP BRAZIL 01350-900
		STATE:			D5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>MainDocument.htm
<DESCRIPTION>6-K
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 11pt;">&nbsp;</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">Washington, D.C. 20549</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 15pt; font-weight: bold; font-family: 'times new roman', times;">Form 6-K</font></p>





























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<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Report </font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">o</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">f Foreign Private Issuer</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Pursuant </font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">t</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">o Rule 13a-16 Or 15d-16 Of</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">The Securities Exchange Act Of 1934</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-family: 02lfl; font-size: 9pt;">For the month of March&nbsp;</font><font style="font-family: 02lfl; font-size: 9pt;">20</font><font style="font-family: 02lfl; font-size: 9pt;">25</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-family: 02lfl; font-size: 9pt;">Commission File Number: </font><font style="font-family: 02lfl; font-size: 9pt;">001-14950</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 14.5pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 14.5pt; font-weight: bold; font-family: 'times new roman', times;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times;">(Translation of Registrant&#8217;s Name into English)</font></p>
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<p style="margin: 10pt 0pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Brigadeiro Luis </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Antonio</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;"> Avenue</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">, 1343, 9</font><font style="font-family: 33dgm,Bold; font-size: 6pt; font-weight: bold; vertical-align: super;">th</font> <font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Floor</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-weight: bold; font-family: 'times new roman', times;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times;">(Address of Principal Executive Offices)</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-family: 02lfl; font-size: 9pt;">Form 20-F </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt;">____</font> <font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">Form 40-F</font><font style="font-family: 02lfl; font-size: 9pt;"> ________</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></font></p>




























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<p style="line-height: 1.2; margin: 2pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;"><img style="font-size: 10pt; font-weight: bold;" src="img66b0f534d65f4359ac48.jpg" alt="Graphics"></font></p>
<p style="line-height: 1.2; margin: 2pt 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 11pt; line-height: inherit;"><font style="color: #00458c; font-size: 12pt; line-height: inherit;">Ultrapar Corporate Executive
Compensation Policy</font><font style="font-weight: bold; line-height: inherit;">&nbsp;</font></font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: numeric;">
<li style="font-family: 'Aptos Display'; font-size: 10.5pt; font-weight: bold; margin: 12pt 0pt 6pt 12.88pt; padding-left: 5.13pt; text-align: justify; text-indent: 0pt; text-transform: uppercase;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-transform: uppercase; line-height: inherit;">Objective and principles</font></li>








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<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The purpose of this Policy is to establish principles and criteria for the compensation of the management of Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;), ensuring application of a competitive compensation strategy, aligned with the best market practices and the interests of the Company&#8217;s shareholders and other stakeholders. </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> This Policy is based on the following principles:</font></p>
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<td style="width: 5%; text-align: center; vertical-align: top;" valign="top"><font style="font-size: 14pt;">&#8226;</font></td>
<td style="width: 95%; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -46.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Alignment of interests between executives and shareholders, with a philosophy of sharing risks and returns;</font></td>


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<td style="text-align: center; vertical-align: top; width: 5%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 18.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="width: 95%; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -46.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Creation of strategies for compensation and benefits, aligned with the Company's needs and market practices;</font></td>


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<td style="text-align: center; vertical-align: top; width: 5%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 18.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="text-align: justify; width: 95%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Guarantee that the Company has the best tools and processes in people management, aligned with other internal policies and best market practices to ensure competitiveness in the reference market and the attraction and&nbsp; retention of the best professionals for the Company's management, as well as the recognition of differentiated performances; and</font></td>


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<td style="text-align: center; vertical-align: top; width: 5%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 18.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="width: 95%; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -47px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Guarantee that compensation is aligned with the Company's performance culture, providing long-term value creation, alignment of goals with the long-term strategy and the Company's continuity.</font></td>


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<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; padding-left: 5.13pt; text-align: justify; text-indent: 0pt; text-transform: uppercase; line-height: inherit; margin: 12pt 0pt 6pt 0pt !important;"><br></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0pt; text-transform: uppercase; line-height: inherit; margin: 12pt 0pt 6pt 0pt !important;">2.  <font style="font-weight: bold;text-transform: uppercase;line-height: inherit;padding-left: 5.13pt;">COVERAGE</font></font></div>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This Policy applies to members of the Board of Directors, Advisory Committees, Fiscal Council and Statutory Executive Board of the Company.</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0pt; text-transform: uppercase; line-height: inherit; margin: 12pt 0pt 6pt 0pt !important;">3.  <font style="font-weight: bold;text-transform: uppercase;line-height: inherit;padding-left: 5.13pt;">GENERAL CONCEPTS</font></font></div>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The overall compensation of members of the Board of Directors and the Executive Board, including any compensation in shares, will be set by the Company's General Meeting. The Board of Directors, after hearing the proposal of the People Committee, will be responsible for determining the compensation of each Statutory Executive Officer of the Company, considering the responsibilities, time dedicated to the duties, expertise, professional reputation and the value of their services in the market.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">With regard to the Fiscal Council, the compensation will be set at the General Meeting for their election, in accordance with the minimum amounts established by law and the limits of the overall compensation set at the General Meeting.</font></p>
<p style="margin: 12pt 0pt 6pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar conducts annual market research for the analysis and benchmarking of its executive compensation practices. Therefore, a market selected by one or more specialized external consultancies, as defined by the People and Sustainability Committee, is considered.</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; padding-left: 5.13pt; text-align: justify; text-indent: 0pt; text-transform: uppercase; line-height: inherit; margin: 12pt 0pt 6pt 0pt !important;"><br></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0pt; text-transform: uppercase; line-height: inherit; margin: 12pt 0pt 6pt 0pt !important;">4.  <font style="font-weight: bold;text-transform: uppercase;line-height: inherit;padding-left: 5.13pt;">MANAGEMENT COMPENSATION</font></font></div>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.1.<font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>BOARD OF DIRECTORS </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt 61.2pt; text-align: justify; text-indent: -25.2pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.1.</font> Composition:</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total compensation of the Company's board members, considering the overall compensation approved at the General Meeting, includes fixed monthly fees, 60% of which are paid in cash and 40% in a single grant of shares for the entire term of office.</font></p>
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<li style="text-align: justify; text-indent: -35.25pt; line-height: 1.2;" class="mylistitemclass"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Fixed fees in cash;</font></li>
<li style="text-align: justify; text-indent: -35.25pt; line-height: 1.2;" class="mylistitemclass"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Fixed fees in shares; and</font></li>
<li style="text-align: justify; text-indent: -35.25pt; line-height: 1.2;" class="mylistitemclass"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Fees for participation in advisory committees of the Board of Directors.</font></li>





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<font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">In addition to the fees, the Company shall bear the respective social security contributions, where applicable.</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><br></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Members of the Board of Directors are not eligible for variable compensation.</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><br></font></div>
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<p style="line-height: 1.2; margin: 0pt 0pt 6pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.2</font>. Fixed fees in cash</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refer to a fixed monthly amount intended to compensate for the responsibility and complexity inherent to the position, attempting to maintain levels compatible with the compensation of board members of Ultrapar&#8217;s peer companies. </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Chairman and Vice-Chairman earn higher amounts than the other members, due to the higher responsibility inherent to the positions.</font></p>

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<p style="line-height: 1.2; margin: 2pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;"><img style="font-size: 10pt; font-weight: bold;" src="img66b0f534d65f4359ac48.jpg" alt="Graphics"></font></p>
<p style="line-height: 1.2; margin: 2pt 0pt; text-align: left;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; color: #00458c; font-size: 12pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Corporate Executive Compensation Policy</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 14.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold; line-height: inherit;">&nbsp;</font></font></p>
<p style="margin: 12pt 0pt 10pt 71.4pt; text-align: justify; text-indent: -36pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.3.</font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Fixed fees in shares</font></p>
<p style="font-size: 10.5pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Part of the amount of each board member's fixed compensation is converted into shares, under the following main conditions: </font></p>
<p style="font-size: 10.5pt; line-height: 1.2; margin: 0pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(a) a single grant, at the beginning of the term of office, completely unrelated to performance targets (whether Company or individual targets); </font></p>
<p style="font-size: 10.5pt; line-height: 1.2; margin: 0pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(b) grant price equal to the average value of the Company's share in the 30 trading sessions preceding the grant date; </font></p>
<p style="font-size: 10.5pt; line-height: 1.2; margin: 0pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(c) vesting period of 2 years from the date of the commencement of the board member's term of office; and </font></p>
<p style="font-size: 10.5pt; line-height: 1.2; margin: 0pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(d) additional lockup period of 2 years after the transfer of shares. </font></p>
<p style="font-size: 10.5pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The rights and obligations relating to the restricted shares granted are personal and non-transferable, and during the vesting period the Board Members may not, under any circumstances, assign, transfer, pledge, lend, exchange or otherwise dispose of such rights or obligations to any third party. </font></p>
<p style="font-size: 10.5pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">After the lockup period, the trading process will be subject to the rules established in the Policy on Disclosure of Material Facts and Trading of Securities.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt 71.4pt; text-align: justify; text-indent: -36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.4.</font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Fees for participation in statutory committees</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Audit and Risk Committee</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Board members participating in this advisory committee of the Board of Directors shall earn an additional monthly portion equivalent to 50% of a board member&#8217;s monthly fees, consisting of the two portions mentioned above. Board member acting as committee coordinator shall earn a monthly amount equivalent to 70% of a board member&#8217;s fixed fees, consisting of the two portions mentioned above. </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; line-height: inherit;">Other Committee</font><font style="font-style: italic; line-height: inherit;">s</font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Board members participating in any other advisory committee of the Board of Directors shall earn an additional monthly portion equivalent to 33,33% of a board member&#8217;s monthly fees, consisting of the two portions mentioned above. Board members acting as committee coordinator shall earn a monthly amount equivalent to 50% of a board member&#8217;s fixed fees, consisting of the two portions mentioned above.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">If a board member is appointed to more than one committee, the monthly compensation amount shall follow as mentioned above, without limitation of values, regardless of the position held in the Board of Directors.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Chairman of the Board of Directors is not entitled to additional compensation for participation in those committees. Fees for participation in statutory committees will not be reflected in the calculation of the number of shares to be granted.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Board members who are also part of the Company&#8217;s Executive Board shall only be compensated for the position they hold in the Executive Board.</font></p>
<p style="line-height: 1.2; margin: 6pt 0pt 8pt 71.4pt; text-align: justify; text-indent: -36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.5.</font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Fees for participation in committees </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Board members participating in committees of the companies controlled by Ultrapar shall receive compensation based on the internal guidelines.</font></p>




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<p style="margin: 12pt 0pt 10pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.2.<font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>EXECUTIVE BOARD COMPENSATION</font></p>
<p style="margin: 12pt 0pt 6pt 61.2pt; text-align: justify; text-indent: -25.2pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; text-transform: uppercase; line-height: inherit;">4.2.1.</font> Composition</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total compensation of the Company's officers includes:</font></p>
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<li style="text-align: justify; text-indent: -35.25pt; line-height: 1.2;" class="mylistitemclass"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Base salary;</font></li>
<li style="text-align: justify; text-indent: -35.25pt; line-height: 1.2;" class="mylistitemclass"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Short-term incentive (<font style="font-style: italic; line-height: inherit;">Incentivo de curto prazo</font> - ICP);</font></li>
<li style="text-align: justify; text-indent: -35.25pt; line-height: 1.2;" class="mylistitemclass"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Long-term incentive (<font style="font-style: italic; line-height: inherit;">Incentivo de longo prazo</font> - ILP);</font></li>
<li style="text-align: justify; text-indent: -35.25pt; line-height: 1.2;" class="mylistitemclass"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Typical market complementary benefits.</font></li>

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<p style="line-height: 1.2; margin: 2pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;"><img style="font-size: 10pt; font-weight: bold;" src="img66b0f534d65f4359ac48.jpg" alt="Graphics"></font></p>
<p style="line-height: 1.2; margin: 2pt 0pt; text-align: left;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; color: #00458c; font-size: 12pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Corporate Executive Compensation Policy</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 14.6667px; font-weight: bold; line-height: inherit;">&nbsp;</font></font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The ideal total compensation shall take into account market parameters and best practices, seeking to prioritize the creation of sustainable value for the Company.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The participation of the Company's officers in boards of directors or advisory boards of companies directly or indirectly controlled by Ultrapar or companies in which the Company holds a relevant stake will not imply additional compensation for them, except in the cases of publicly traded companies, where they will be entitled to the compensation provided for in the respective compensation policy.</font></p>
<p style="margin: 12pt 0pt 0pt 61.2pt; text-align: justify; text-indent: -25.2pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.2.2.</font> Fixed compensation</font></p>
<p style="margin: 0pt 0pt 0pt 39.6pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt 86.4pt; text-align: justify; text-indent: -32.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.2.2.1. Salaries and Benefits</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar's executive position structure is divided into job groups, called grades. These groups take into account the complexity of the activities performed and the responsibility for the results of the positions, in accordance with the points-based assessment methodology of a specialized consultancy.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company's officers will receive a monthly amount, paid 12 times a year, plus 13th month salary and additional vacation payments.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company's officers may be eligible for a package of benefits including health care plan, meal vouchers, private pension and life insurance in order to offer an attractive package of benefits, suited to the general market conditions.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">It should be noted that officers who may hold a position on the Company's Board of Directors shall be compensated exclusively for the executive position held.</font></p>
<p style="margin: 12pt 0pt 0pt 61.2pt; text-align: justify; text-indent: -25.2pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.2.3.</font> Variable compensation</font></p>
<p style="margin: 0pt 0pt 0pt 39.6pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt 86.4pt; text-align: justify; text-indent: -32.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.2.3.1. Short-Term Incentive (ICP)</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Short-Term Incentive aims to foster the achievement of the Company's short-term results and its sustainable growth and is directly linked to the Company's financial and operational performance. The officers&#8217; goals are linked to the Company&#8217;s financial performance (financial goals) and operational performance (individual goals). </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial goals, which should have a majority weight, are based on economic and financial results values projected in the Strategic Plan and Annual Budget approved by the Board of Directors, so that the growth presented is aligned with established minimum returns.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All executives of Grupo Ultra shall consider at least 1/3 of the individual goals (or 10% of total) related to ESG purposes. For calculating the ICP, the executive officer's base salary in December will be used, except in the case of promotion, when the calculation shall be proportional.</font></p>
<p style="margin: 12pt 0pt 10pt 86.4pt; text-align: justify; text-indent: -32.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.2.3.2. Long-Term Incentive (ILP)</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Policy provides for the annual approval of an incentive program based on restricted shares. All Ultrapar&#8217;s officers are eligible for the program. </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Long-Term Incentive Plan, approved at the General Meeting of shareholders held on April 19, 2023 and detailed in the Company's reference form, aims to:</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; foster the Company&#8217;s expansion and sustainable results and the attainment of its business goals, sharing value creation, as well as the risks inherent to the business and the stock market, and promoting the alignment of the long-term interests among shareholders, managers and employees; and</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; strengthen the ability to attract, retain and motivate highly qualified executives.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The ILP provides for:</font></p>
<ul style="list-style-type: disc;">
<li style="text-align: justify; text-indent: -28.35pt; line-height: 1.2;" class="mylistitemclass"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Transfer of shares at the end of the vesting period, upon fulfillment of all contractual conditions set forth; and</font></li>
<li style="text-align: justify; text-indent: -28.35pt; line-height: 1.2;" class="mylistitemclass"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Granting of usufruct of shares, with payment of dividends between the dates of granting and vesting of shares.</font></li>

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<p style="line-height: 1.2; margin: 2pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><img style="font-size: 10pt; font-weight: bold;" src="img66b0f534d65f4359ac48.jpg" alt="Graphics"></font></p>
<p style="line-height: 1.2; margin: 2pt 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; color: #00458c; font-size: 12pt;">Ultrapar<font>&nbsp;</font>Corporate Executive Compensation Policy</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 14.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">&nbsp;</font></font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Board of Directors, which is responsible for managing the share-based incentive plans, may create programs for granting restricted shares, in which it will deliberate, respecting the terms of the plan, on the beneficiaries of the program, number of shares distributed, vesting, the division of the grant into tranches, any restrictions on the actual delivery of shares and provisions on penalties.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The rights and obligations relating to the restricted shares granted are personal and non-transferable, and during the vesting period the Officers may not, under any circumstances, assign, transfer, pledge, lend, exchange or otherwise dispose of such rights or obligations to any third party. </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">After the vesting period, the trading process will be subject to the rules established in the Policy on Disclosure of Material Facts and Trading of Securities and the Stock Ownership Guidelines (SOG) provided for herein. </font></p>
<p style="margin: 12pt 0pt 10pt 86.4pt; text-align: justify; text-indent: -32.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.2.3.3. Mandatory Ownership of Shares</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Since 04/30/2024, the Policy has included the Stock Ownership Guidelines (SOG). It suggests that executives keep a portion of their compensation in shares while performing their duties at the Company. It not only demonstrates leaders&#8217; commitment to the long-term success of the organization, but also aligns executives&#8217; interests with those of shareholders and investors.</font></p>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.3.</font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; line-height: inherit;">MALUS CLAUSE AND CORPORATE CLAWBACK POLICY </font></font></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt 61.2pt; text-align: justify; text-indent: -25.2pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.3.1.</font> Malus </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All the Long-Term Incentive agreements shall include the malus clause, which provides for the retention of the unvested shares upon verification of fraud or material mistakes in the financial statements that benefited the Company&#8217;s manager unlawfully.</font></p>
<p style="margin: 12pt 0pt 10pt 61.2pt; text-align: justify; text-indent: -25.2pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.3.2.</font> Corporate Clawback Policy</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Since December 2023, the Company adopts the Corporate Clawback Policy, which determines the reimbursement, by the Company&#8217;s management, of the amounts unduly paid in the portion of variable compensation linked to financial metrics, in scenarios in which republications of the statement of financial position indicate differences between the gross amounts recorded and those actually adopted by the Company. Further details can be found in the Corporate Clawback Policy published on the Company's IR website.</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0pt; text-transform: uppercase; line-height: inherit; margin: 12pt 0pt 6pt 0pt !important;">5.  <font style="font-weight: bold;text-transform: uppercase;line-height: inherit;padding-left: 5.13pt;">FISCAL COUNCIL</font><font style="font-weight: bold; text-transform: uppercase; line-height: inherit;"> COMPENSATION</font></font></div>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The compensation of the Fiscal Council members only considers the receipt of fixed monthly fees and social security contributions. No shares are granted. The amount is defined taking into account the responsibility and complexity inherent to the position, as well as the parameters of the comparison market. It cannot be less than one tenth (10%) of the average salary attributed to the statutory executive officers.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Fiscal Council Chairman shall earn higher fees than the other members due to the higher responsibility inherent to the position.</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0pt; text-transform: uppercase; line-height: inherit; margin: 12pt 0pt 6pt 0pt !important;">6.  <font style="font-weight: bold;text-transform: uppercase;line-height: inherit;padding-left: 5.13pt;">RETIREMENT RULES</font></font></div>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has rules for granting benefits upon the Officer's retirement, where the People Committee will analyze the cases individually, in light of internal guidelines, and will forward, if applicable, a proposal for consideration by the Board of Directors.</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0pt; text-transform: uppercase; line-height: inherit; margin: 12pt 0pt 6pt 0pt !important;">7.  <font style="font-weight: bold;text-transform: uppercase;line-height: inherit;padding-left: 5.13pt;">GOVERNANCE</font></font></div>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The People Committee, in the exercise of its responsibilities established in the Company's Bylaws, is responsible for supervising the application of the Corporate Executive Compensation Policy.</font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Committee has the right, at any time, to submit to the Board of Directors proposals to review, modify, amend or revoke this Policy, especially in the case of any essential or relevant change to the laws or regulations applicable to the Company.</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0pt; text-transform: uppercase; line-height: inherit; margin: 12pt 0pt 6pt 0pt !important;">8.  <font style="font-weight: bold;text-transform: uppercase;line-height: inherit;padding-left: 5.13pt;">EFFECTIVE PERIOD</font></font></div>
<p style="margin: 12pt 0pt 10pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This review of the Policy will be applied to compensations granted after its approval by the Board of Directors. Therefore, the conditions of existing contracts remain unchanged.</font></p>
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<p style="font-size: 14pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 14pt; font-weight: bold;">SIGNATURES</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Date: </font><font style="font-size: 10pt;">March 14</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;"> 20</font><font style="font-size: 10pt;">25</font><font style="font-size: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font style="font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
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<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 50%;"><font style="font-family: 'times new roman', times;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">ULTRAPAR HOLDING INC.</font></font></td>

























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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; line-height: inherit;"><font><font>By: /s/ Rodrigo de Almeida&nbsp;Pizzinatto</font></font></font></font></p>

























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<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; line-height: inherit;"><font><font>Title: Chief Financial and Investor Relations Officer</font></font></font></font></p>

























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<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt; font-style: italic;">(</font><font style="font-size: 9pt; font-style: italic;">Corporate Executive Compensation Policy</font><font style="font-size: 9pt; font-style: italic;">)</font></font></p>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
