Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 254

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 19
Chunk 254
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3,461,437  
  2023                                 R$ 48.79                                            3,294,062         74,647      ( 283,548)         ( 32,982)       3,052,179  
  2024                                 R$ 56.52                                                           2,759,878       ( 81,947)                         2,675,017  
  Number of stock options                                            9,728,425                            2,981,547      ( 923,167)      ( 1,690,308)      10,096,497  
  Book value                                                                                 268,489        173,486                         ( 80,001)         361,974  
  Book value of the previous year                                    162,117                                                                                           

(1) The average price of the share options exercised and exercised due to termination of employment on December 31, 2024 wasR$ 42.36(forty-two reais and thirty-six cents) (R$ 58.07

22.2 Restricted shares plan (“ Performance Shares”)

Each performance share corresponds to 1 (one) common, registered, book-entry share with no par value issued by the Company, to be delivered to the beneficiary once the conditions established in this plan have been met.

The acquisition of rights to the beneficiaries is subject to: (i) continued permanence of the beneficiaries as directors of the Company during the vesting period, (ii) achievement of the goals assigned in the programs and (iii) any other conditions determined by the Board of Directors in each grant made.

The vesting period may last up to 5

The number of performance shares to be effectively delivered to each beneficiary will depend on the achievement of the goals linked to the respective programs and contracts, and will be determined after the vesting period. This calculation will also consider the Total Shareholder Return (“ TSR”), which is an indicator used to measure the performance of the shares of the group of companies characterized as competitors of Suzano.

If beneficiaries leave the Company before fulfilling the conditions for obtaining rights, they lose the right to exercise the restricted share option.

  F-80  

Table of Contents

The plan transactions are presented below:

                                                                     Number of stock options                                                                            
  Year of grant                        Fair value on grant date      31/12/2023                                                                                         
  2021                                 R$ 51.70                                                   111,685          2,559        ( 114,