Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 253

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 19
Chunk 253
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397,704  

22 SHARE-BASED COMPENSATION PLAN

The Company grants members of the statutory and non-statutory board of directors, key employees and members of the Board of Directors (“ Beneficiaries”) long-term share-based incentive plans, approved at the General Meeting with the objectives of: (i) aligning the interests of the beneficiaries with the interests of the Company and its shareholders, (ii) attracting, rewarding, retaining and incentivizing the beneficiaries to conduct the Company's business in a sustainable manner, within appropriate risk limits and aligned with the interests of the shareholders, and (iii) granting a financial incentive to the beneficiaries.

The plans granted by the Company are: (i) Phantom Shares Plan (“ PS”), settled in in local currency and (ii) Restrict Shares Plan ("Performance Shares"), settled in shares.

The characteristics and measurement criteria of each plan are disclosed below:

22.1 Phantom shares plan (“ PS”)

The number of phantom shares to be granted to each beneficiary is calculated based on a fixed financial amount per beneficiary.

The beneficiary may only exercise the rights to the phantom shares once the vesting period has been completed, lasting up to 5

The settlement of the phantom shares is in cash, and the amount will be calculated by multiplying the number of shares granted by the value of the share measured based on the average price of the last 90

Since phantom stock option plans are settled in cash, their fair values are measured at the end of each reporting period.

If the beneficiaries leave the Company during the vesting period, they lose the right to exercise the phantom shares.

  F-79  

Table of Contents

The plan transactions are presented below:

                                                                     Number of shares                                                                                  
  Year of grant                        Fair value on grant date      31/12/2023                                                                                        
  2019                                 R$ 42.81                                               39,461                                        ( 40,364)                  
  2020                                 R$ 38.36                                              984,160         22,525      ( 204,963)        ( 768,338)          33,384  
  2021                                 R$ 62.15                                            1,724,020         39,387       ( 66,231)        ( 822,696)         874,480  
  2022                                 R$ 57.54                                            3,686,722         84,207      ( 286,478)         ( 23,014)