Magda Maria de Regina Chambriard, CEO of Petrobras - Petroleo Brasileiro SA (NYSE:PBR), filed a Form 4 on August 24, 2026, disclosing additional phantom shares credited to her account as a result of a Petrobras dividend payment with a record date of August 21, 2026.

Key Highlights

  • Reporting person: Magda Maria de Regina Chambriard, identified as CEO of Petrobras - Petroleo Brasileiro SA
  • Transaction date: August 21, 2026, the record date for the Petrobras dividend payment that triggered the credit
  • Security type: Phantom shares referenced to the PETR3 common share price, settled in cash upon vesting
  • Shares credited: 264.84 phantom shares acquired as a result of the dividend payment
  • Beneficial ownership following transaction: 29,137.82 phantom shares held directly
  • Reference price: $9.3 per share, a convenience conversion of 47.99 BRL per share at a Central Bank of Brazil exchange rate of 5.1619 BRL per 1.00 USD on August 21, 2026

Petrobras CEO Phantom Share Balance Updated After Dividend Credit

According to the filing, Chambriard holds phantom shares granted under the Petrobras Performance Award Program. The filing explains that phantom shares are "referenced to the PETR3 common share price and are settled in cash upon vesting," with the deferred portion of the award vesting in four equal annual instalments. The program's rules provide that additional phantom shares are credited proportionally when Petrobras pays dividends or interest on equity.

The transaction reported is the crediting of 264.84 additional phantom shares triggered by a Petrobras dividend payment carrying a record date of August 21, 2026. Following this credit, the filing reports Chambriard's total directly held phantom share position at 29,137.82 units. The reference price reported in the filing is $9.3 per phantom share, which the filing describes as a convenience conversion of 47.99 BRL per share, reduced by "the aggregate gross value of dividends with ex-dividend date on the same day," and converted at a Central Bank of Brazil exchange rate of 5.1619 BRL per 1.00 USD on August 21, 2026.

The filing was made by one reporting person and is not identified as an amendment. Chambriard's address is listed as Rio de Janeiro, Brazil. The foreign trading symbol associated with the issuer is noted in the filing as PETR3.

What Was Disclosed

The Form 4 discloses that Petrobras CEO Chambriard received 264.84 additional phantom shares on August 21, 2026, credited automatically under the Petrobras Performance Award Program following a company dividend payment, bringing her total phantom share position to 29,137.82.