Elaine Maria de Souza Funo, Accounting Officer of Vale S.A. (NYSE:VALE), filed a Form 4 on October 30, 2026, reporting purchases of Vale common shares on October 22 and October 26, 2026.

Key Highlights

  • First purchase: 240 common shares acquired on October 22, 2026, at $12.55 per share (transaction code P).
  • Second purchase: 7 common shares acquired on October 26, 2026, at $11.74 per share (transaction code P).
  • Post-transaction holdings: 32,509 common shares held directly following the reported transactions.
  • RSU component: 6,916 of the total shares are represented by RSUs granted on April 1, 2026, and in prior years, vesting through April 1, 2029.
  • Currency conversion: The filing used a rate of BRL 5.0380 per USD 1.00 for the October 22 transaction and BRL 5.5003 per USD 1.00 for the October 26 transaction.

Transaction Details and Beneficial Ownership for Vale's Accounting Officer

According to the filing, Elaine Maria de Souza Funo, who is identified as Accounting Officer of Vale S.A., reported two purchases of Vale common shares in late October 2026. On October 22, 2026, she acquired 240 common shares at a per-share price of $12.55, with the filing noting a Brazilian real-to-dollar conversion rate of BRL 5.0380 per USD 1.00 applied for that transaction. Following that purchase, her directly held beneficial ownership stood at 32,502 common shares, according to the filing.

A second purchase, reported on October 26, 2026, involved 7 additional common shares at $11.74 per share, with a conversion rate of BRL 5.5003 per USD 1.00. After that transaction, her total directly held position increased to 32,509 common shares, the filing disclosed. Vale S.A. is a global mining company whose shares trade on the New York Stock Exchange under the ticker VALE, with a foreign trading symbol of VALE3 also listed in the filing.

The filing further disclosed that of the 32,509 total shares beneficially owned, 6,916 common shares are represented by RSUs granted on April 1, 2026, as well as RSUs previously granted in 2024 and 2025. According to the filing, 8,270 RSUs vest on March 1, 2027, 8,270 RSUs vest on March 1, 2028, and 6,916 vest on April 1, 2029. Each RSU represents, as the filing states, "a contingent right to receive one Common Share of Vale S.A. upon settlement." All shares reported are held directly.

What Was Disclosed

The Form 4 filed October 30, 2026, discloses that Vale S.A. Accounting Officer Elaine Maria de Souza Funo acquired a combined total of 247 common shares across two transactions on October 22 and October 26, 2026, bringing her directly held position to 32,509 shares, including RSU-represented shares.