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SHARE-BASED PAYMENT (Tables)
12 Months Ended
Dec. 31, 2021
The breakdown of the outstanding shares granted is set forth as follows:

The breakdown of the outstanding shares granted is set forth as follows:

Date   Quantity   Grant (1)
Grant   Vesting date   Shares granted   Outstanding shares   Fair value of the shares
                 
06.01.19   06.01.22                           674,296                           189,512                              30.61
07.01.19   07.01.22                        1,141,353                           320,317                              30.61
09.16.19   10.01.22                             68,605                             22,867                              30.61
06.01.20   06.01.23                        3,571,736                        2,180,854                              21.28
07.01.21   07.01.24                        2,883,737                        2,681,969                              28.58
                             8,339,727                        5,395,519    
(1)Amounts expressed in Brazilian Reais.
The rollforward of the granted options and shares for the year ended December 31, 2021, is presented as follows:

The rollforward of the granted options and shares for the year ended December 31, 2021, is presented as follows:

     
Outstanding options/stocks as of December 31, 2020 (1)          7,873,348
 Granted     
 Restricted stocks - July 2021           2,883,737
 Exercised / Delivered:     
 Restricted stocks – grant of June, 2020            (457,939)
 Restricted stocks – grant of September, 2019              (18,237)
 Restricted stocks – grant of July, 2019            (113,957)
 Restricted stocks – grant of June, 2019            (114,271)
 Restricted stocks – grant of October, 2018            (240,426)
 Forfeiture (2) :     
 Restricted stocks – grant of July, 2021            (201,769)
 Restricted stocks – grant of June, 2020            (820,853)
 Restricted stocks – grant of September, 2019                (4,632)
 Restricted stocks - grant of July, 2019            (222,964)
 Restricted stocks – grant of June, 2019            (110,494)
 Restricted stocks - grant of October, 2018            (635,694)
 Expired:     
 Stock options - grant of May, 2016         (1,145,330)
 Stock options - grant of April, 2016         (1,275,000)
Outstanding options/stocks as of December 31, 2021          5,395,519
(1)Includes stock options outstanding on December 31, 2020.
(2)The forfeitures are related to the resignation of eligible executive before the end of the vesting period.