XML 77 R55.htm IDEA: XBRL DOCUMENT
v3.22.1

Share-based payment (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Disclosure of terms and conditions of share-based payment arrangement [abstract] |
Summary of Share-based payment plan (Equity-settled) | On December 31, 2021, the Company established the following share-based payment arrangements:
Program |  | Vesting conditions
Cosan - Investe I |  | 3 years of service from the grant date and achievement of specific metrics that can vary between 0% and 200% (to calculate the fair value, the achievement of 100% was considered). Performance shares will have a specific weight, according to the target established by the Board of Directors.
Cosan - Investe II |  | 4 years of service from the grant date and achievement of specific metrics that can vary between 0% and 150% (to calculate the fair value, the achievement of 100% was considered). Performance shares will have a specific weight, according to the target established by the Board of Directors.
Cosan - Investe III |  | 5 years of service from the grant date with restricted shares and additional restricted shares being delivered. The restricted shares being equivalent to 25% of the participant's Long-Term Incentive Program and the additional restricted shares transferred as a result of the Company's Matching.
Rumo –Special Program 2021 |  | 5 years of service from the grant date and achievement of specific metrics.
Rumo - Program 2021 |  | 3 years of service from the grant date and achievement of specific metrics that can vary between 0% and 150% (to calculate the fair value, the achievement of 100% was considered).
Summary of share-based payment arrangements of share options |
Type of award / Grant date |  | Company |  | Expected life (years) |  | Shares granted |  | Exercised / canceled / transferred |  |  | Available |  |
Share-based payment plan |  |  |  |  |  |  |  |  |  |  |  |  |
April 27, 2017 |  | Cosan S.A. |  | 5 |  | 1,096,000 |  | (954,028 | ) |  | 141,972 |  |
July 31, 2017 |  | Cosan S.A. |  | 5 |  | 1,192,428 |  | (396,848 | ) |  | 795,580 |  |
July 31, 2018 |  | Cosan S.A. |  | 5 |  | 842,408 |  | (107,576 | ) |  | 734,832 |  |
July 31, 2019 |  | Cosan S.A. |  | 5 |  | 229,020 |  | (20,080 | ) |  | 208,940 |  |
July 31, 2020 |  | Cosan S.A. |  | 5 |  | 68,972 |  | (6,704 | ) |  | 62,268 |  |
July 31, 2021 - Invest I |  | Cosan S.A. |  | 3 |  | 424,839 |  | — |  |  | 424,839 |  |
September 10, 2021 - Invest II |  | Cosan S.A. |  | 4 |  | 5,283,275 |  | (660,410 | ) |  | 4,622,865 |  |
October 11, 2021 - Invest III |  | Cosan S.A. |  | 5 |  | 809,944 |  | — |  |  | 809,944 |  |
|  |  |  |  |  | 9,946,886 |  | (2,145,646 | ) |  | 7,801,240 |  |
April 20, 2017 |  | Comgás |  | 5 |  | 61,300 |  | (61,300 | ) |  | — |  |
August 12, 2017 |  | Comgás |  | 5 |  | 97,780 |  | (97,780 | ) |  | — |  |
August 1, 2018 |  | Comgás |  | 5 |  | 96,787 |  | (17,761 | ) |  | 79,026 |  |
July 31, 2019 |  | Comgás |  | 5 |  | 83,683 |  | (14,794 | ) |  | 68,889 |  |
February 1, 2020 |  | Compass Gás e Energia |  | 5 |  | 1,858,969 |  | (1,858,969 | ) |  | — |  |
|  |  |  |  |  | 2,198,519 |  | (2,050,604 | ) |  | 147,915 |  |
January 2, 2017 |  | Rumo |  | 5 |  | 1,476,000 |  | (1,476,000 | ) |  | — |  |
September 1, 2017 |  | Rumo |  | 5 |  | 870,900 |  | (255,250 | ) |  | 615,650 |  |
August 1, 2018 |  | Rumo |  | 5 |  | 1,149,544 |  | (308,417 | ) |  | 841,127 |  |
August 15, 2019 |  | Rumo |  | 5 |  | 843,152 |  | (147,214 | ) |  | 695,938 |  |
November 11, 2020 |  | Rumo |  | 5 |  | 776,142 |  | (115,303 | ) |  | 660,839 |  |
May 05, 2021 |  | Rumo |  | 5 |  | 1,481,000 |  | (414,702 | ) |  | 1,066,298 |  |
September 15, 2021 |  | Rumo |  | 3 |  | 1,560,393 |  | (8,422 | ) |  | 1,551,971 |  |
|  |  |  |  |  | 8,157,131 |  | (2,725,308 | ) |  | 5,431,823 |  |
Share-based payment |  |  |  |  |  |  |  |  |  |  |  |  |
plan |  |  |  |  |  |  |  |  |  |  |  |  |
August 18, 2011 |  | Cosan S.A. |  | 1 to 12 |  | 6,006,504 |  | (6,006,504 | ) |  | — |  |
August 31, 2015 |  | Cosan S.A. |  | 5 to 7 |  | 463,906 |  | (463,906 | ) |  | — |  |
|  |  |  |  |  | 6,470,410 |  | (6,470,410 | ) |  | — |  |
Cash-settled transactions |  |  |  |  |  |  |  |  |  |  |  |  |
July 31, 2019 |  | Moove |  | 5 |  | 132,670 |  | — |  |  | 132,670 |  |
July 31, 2020 |  | Moove |  | 5 |  | 106,952 |  | — |  |  | 106,952 |  |
July 31, 2021 |  | Moove |  | 3 |  | 80,729 |  | — |  |  | 80,729 |  |
August 1st, 2021 |  | Compass Gás e Energia |  | 2 |  | 26,625 |  | — |  |  | 26,625 |  |
August 1st, 2021 |  | Compass Comercialização |  | 2 |  | 31,535 |  | — |  |  | 31,535 |  |
August 1st, 2021 |  | Compass Gás e Energia |  | 3 |  | 152,770 |  | — |  |  | 152,770 |  |
August 1st, 2021 |  | TRSP |  | 3 |  | 33,634 |  | — |  |  | 33,634 |  |
November 1st, 2021 |  | Comgás |  | 3 |  | 172,251 |  | — |  |  | 172,251 |  |
November 1st, 2021 |  | Compass Gás e Energia |  | 3 |  | 1,474,367 |  | — |  |  | 1,474,367 |  |
|  |  |  |  |  | 2,211,533 |  | — |  |  | 2,211,533 |  |
Total |  |  |  |  |  | 28,984,479 |  | (13,391,968 | ) |  | 15,592,511 |  |
Summary of Weighted Average Fair Value of Programs Granted and Principal Assumptions used in Applying Black-Scholes Model | The weighted average fair value of the programs granted during the financial years ended December 31, 2021 and 2020 and the principal assumptions used in applying the Black-Scholes model were as follows:
| Stock grant programs |
| Cosan S.A. |  | Rumo S.A. |  | Comgás |  | Compass Gás e Energia |
| December 31, 2021 |  | December 31, 2020 |  | December 31, 2021 |  | December 31, 2020 |  | December 31, 2021 |  | December 31, 2020 |  | December 31, 2021 |  | December 31, 2020 |
Key assumptions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share price at grant date | 23.20 |  | 83.73 |  | 18.20 |  | 20.01 |  | 78.58 |  | — |  | 27.27 |  | 13.58 |
Risk-free interest rate | 6.82% |  | 6.94% |  | 6.94% |  | 6.94% |  | 6.82% |  | 6.94% |  | N.A. |  | N.A. |
Volatility factor | 36.50% |  | 36.50% |  | 26.51% |  | 36.50% |  | 32.81% |  | 32.81% |  | N.A. |  | N.A. |
Summary of Number and Weighted-average Exercise Prices of Share Options | The movement in the number of awards outstanding and their related weighted-average exercise prices are as follows:
At January 1, 2020(i) | 11,478,287 |  |
Granted(i) | 3,131,000 |  |
Vested(i) | (3,875,167 | ) |
Canceled(i) | (197,330 | ) |
At December 31, 2020(i) | 10,536,790 |  |
Granted | 11,531,359 |  |
Vested | (6,200,231 | ) |
Canceled | (275,407 | ) |
At December 31, 2021 | 15,592,511 |  |
(i) On May 6, 2021, the Company split the issued shares, in the proportion of 1:4, without changing the share capital. The split of shares was approved at the Annual and Extraordinary General Meeting on April 30, 2021.

X
- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2021-01-01 -Paragraph 47 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_47_a&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2021-01-01 -Paragraph 45 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45_b&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average remaining contractual life of outstanding share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2021-01-01 -Paragraph 45 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45_d&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the general terms and conditions of share-based payment arrangements. [Refer: Share-based payment arrangements [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2021-01-01 -Paragraph 45 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration