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SHARE-BASED PAYMENT (Tables)

9 Months Ended

Sep. 30, 2021

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

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

Date				Quantity				Grant ⁽¹⁾
Grant		Vesting date		Shares granted		Outstanding shares		Fair value of the shares

10.01.18		10.01.21		2,311,394		867,956		21.44
06.01.19		06.01.22		674,296		186,424		30.61
07.01.19		07.01.22		1,141,353		267,909		30.61
09.16.19		10.01.22		68,605		20,580		30.61
06.01.20		06.01.23		3,571,736		2,163,272		21.28
07.01.21		07.01.24		2,883,737		2,764,913		28.58
				10,651,121		6,271,054

(1)	Amounts expressed in Brazilian Reais.

The rollforward of the granted options and shares for the nine-month period ended on September 30, 2021, is presented as follows:

The rollforward of the granted options and shares for the nine-month period ended on September 30, 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)
Forfeiture ⁽²⁾ :
Restricted stocks – grant of July, 2021		(118,824)
Restricted stocks – grant of June, 2020		(838,436)
Restricted stocks - grant of July, 2019		(275,372)
Restricted stocks – grant of June, 2019		(113,582)
Restricted stocks - grant of October, 2018		(15,083)
Expired:
Stock options - grant of May, 2016		(1,145,330)
Stock options - grant of April, 2016		(1,275,000)
Outstanding options/stocks as of September 30, 2021		6,271,054

(1)	Includes stock options outstanding on December 31, 2020, as presented in the financial statements for the year of 2020.

(2)	The forfeitures are related to the resignation of eligible executive before the end of the vesting period.