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21. EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2020
Equity |
Schedule of breakdown of capital stock by nature |
| 12.31.20 |  | 12.31.19 |  | 12.31.18
Common shares | 812,473,246 |  | 812,473,246 |  | 812,473,246
Treasury shares | (4,766,084) |  | (713,446) |  | (1,057,224)
Outstanding shares | 807,707,162 |  | 811,759,800 |  | 811,416,022
Schedule of breakdown of the capital by owner | The shareholding position of shareholders holding more than 5% of the voting capital, management and members of the Board of Directors is presented below:
|  | 12.31.20 |  | 12.31.19
Shareholders |  | Quantity |  | % |  | Quantity |  | %
Major shareholders |  |  |  |  |  |  |  |
Fundação Petrobras de Seguridade Social - Petros (1) |  | 92,716,266 |  | 11.41 |  | 92,716,266 |  | 11.41
Caixa de Previd. dos Func. do Banco do Brasil (1) |  | 74,856,852 |  | 9.21 |  | 76,974,752 |  | 9.47
Management |  |  |  |  |  |  |  |
Board of Directors |  | 6,865,302 |  | 0.84 |  | 6,474,420 |  | 0.80
Executives |  | 605,902 |  | 0.07 |  | 236,338 |  | 0.03
Treasury shares |  | 4,766,084 |  | 0.59 |  | 713,446 |  | 0.09
Other |  | 632,662,840 |  | 77.88 |  | 635,358,024 |  | 78.20
|  | 812,473,246 |  | 100.00 |  | 812,473,246 |  | 100.00
| (1) | The pension funds are controlled by employees that participate in the respective entities.
Schedule of rollforward of outstanding shares | The Company is bound to arbitration in the Market Arbitration Chamber, as established by the arbitration clause in its bylaws.
Quantity of outstanding of shares
|  | 12.31.20 |  | 12.31.19 |  | 12.31.18
Shares at the beginning of the year |  | 811,759,800 |  | 811,416,022 |  | 811,139,545
Purchase of treasury shares |  | (4,836,000) |  | - |  | -
Delivery of restricted shares |  | 783,362 |  | 343,778 |  | 276,477
Shares at the end of the year |  | 807,707,162 |  | 811,759,800 |  | 811,416,022
Schedule of capital reserve |
|  | 12.31.20 |  | 12.31.19 |  | 12.31.18
Result on sale and exchange of shares |  | 125,532 |  | 125,532 |  | 125,532
Share-based payment |  | 223,191 |  | 223,011 |  | 229,872
Acquisition of non-controlling interest |  | (206,423) |  | (155,478) |  | (239,830)
Capital transactions with subsidiaries |  | (220) |  | (220) |  | (220)
|  | 142,080 |  | 192,845 |  | 115,354
Schedule of treasury shares | The Company has 4,766,084 shares held in treasury, with an average cost of R$26.00 (twenty-six Brazilian Reais) per share, and market value corresponding to R$105,044.
Quantity of outstanding of shares
|  | 12.31.20 |  | 12.31.19 |  | 12.31.18
Shares at the beggining of the exercise |  | 713,446 |  | 1,057,224 |  | 1,333,701
Purchase of treasury shares |  | 4,836,000 |  | - |  | -
Delivery of restricted shares |  | (783,362) |  | (343,778) |  | (276,477)
Shares at the end of the exercise |  | 4,766,084 |  | 713,446 |  | 1,057,224

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