On Thursday, September 17, 2026, Irani Papel e Embalagem (RANI3) approved, in a meeting of the Board of Directors, the Long-Term Incentive Plan (LTIP) for the 2026–2030 cycle. The program is intended for the five Executive Officers and provides for annual payments based on a theoretical interest expressed in the number of the company’s shares.
The LTIP will be settled through the transfer of Irani-issued common shares held in treasury, with no issuance of new shares and no dilution of shareholders’ interests. The transferred shares will be subject to a lock-up and will be released for sale in four equal installments of 25% at 12, 24, 36 and 48 months after each transfer, keeping participants exposed to the performance of RANI3 for up to four years after each grant.
The target number of shares eligible for transfer over the five years is 3,411,827 shares, with a minimum of 682,364 shares and a maximum limit of 5,117,739 shares, depending on performance. The effectiveness of the grants and of the share transfers is subject to approval of the LTIP by the Shareholders’ Meeting that will review the financial statements for the 2026 fiscal year, and the first transfer, related to 2026, will only take place after this decision.
To enable settlement of the LTIP with treasury shares, the Board also approved an update to the 2025 Share Buyback Program, originally approved on September 24, 2025, to include among its purposes the use of shares held in treasury for transfer to participants in the 2026–2030 LTIP, while leaving unchanged the other terms and conditions of the buyback program.
