Share-based option plan (Tables)

12 Months Ended

Dec. 31, 2023

Compensation plans

Disclosure of terms and conditions of share-based payment arrangement [line items]

Disclosure of number and weighted average exercise prices of share options

The movement of the plans is as follows:

	Number of shares
Description	Option plan	RSU	Phantom shares	Total
At December 31, 2021	3,923,686	1,366,386	5,136,682	10,426,754
Granted	17,089,417	1,006,779	—	18,096,196
Exercised	(1,943,398)	(479,098)	—	(2,422,496)
Canceled	—	(98,666)	(4,810,210)	(4,908,876)
At December 31, 2022	19,069,705	1,795,401	326,472	21,191,578
Granted	1,800,000	500,000	—	2,300,000
Exercised	(124,388)	(609,313)	(22,884)	(756,585)
Canceled	(223,633)	(142,023)	(56,658)	(422,314)
At December 31, 2023	20,521,684	1,544,065	246,930	22,312,679

Disclosure of range of exercise prices of outstanding share options

	December, 31
Description	2023	2022
Share price (in reais)	16.01	11.01
Weighted average price of the stock option (in reais)	12.93	11.84
Weighted average price of the phantom shares (in reais)	10.35	—
Cash inflow stock option plan	1,608	23,006
Flat cash inflow of phantom shares	237	—
Total obligation related to the phantom shares	1,736	844
Income tax regarding RSU transfer	3,239	1,427

The expenses of share-based compensation plans are shown below:

	Years ended December, 31
Description	2023	2022	2021
Option plan	61,646	29,368	5,933
RSU	9,093	1,366	15,877
Phantom shares	904	(48,984)	(4,630)
	71,643	(18,250)	17,180

The reversal of expenses in 2022 and 2021 was due to the reduction in the fair value of shares in these periods.

Stock option plan

Disclosure of terms and conditions of share-based payment arrangement [line items]

Disclosure of range of exercise prices of outstanding share options

Disclosure of number and weighted average exercise prices of other equity instruments

During the third quarter of 2023, the Company granted one program with the following conditions:

Date of grant	Option exercise price (in R$)	Fair value of the option on the grant (in R$)	Historical volatility		Expected dividend		Average risk-free rate of return		Exercise rate per tranche		Deadline remainder of vesting period (in years)	Purchasing period up to (years)	Total options granted	Total outstanding options	Total options available for exercise
December 11, 2009	3.42	1.93	47.7	%	1.1	%	8.8	%	25.0	%	0.0	4.0	5,032,800	182,870	182,870
March 24, 2011	6.44	4.16	54.8	%	1.1	%	12.0	%	25.0	%	0.0	4.0	1,572,000	84,000	84,000
April 5, 2011	6.44	4.16	54.8	%	1.1	%	12.0	%	25.0	%	0.0	4.0	656,000	6,200	6,200
June 30, 2014	19.15	11.01	40.6	%	1.1	%	12.5	%	25.0	%	0.0	4.0	2,169,122	708,993	708,993
July 1, 2015	14.51	10.82	40.6	%	1.1	%	15.7	%	25.0	%	0.0	4.0	627,810	177,592	177,592
July 1, 2016	14.50	10.14	43.1	%	1.1	%	12.2	%	25.0	%	0.0	4.0	820,250	280,124	280,124
July 6, 2017	22.57	12.82	43.4	%	1.1	%	10.3	%	25.0	%	0.0	4.0	680,467	442,796	442,796
March 14, 2017	11.85	4.82	50.6	%	1.1	%	11.3	%	20.0	%	0.0	5.0	9,343,510	—	—
August 8, 2022	11.07	8.10	70.0	%	—	%	13.0	%	25.0	%	2.6	4.0	1,774,418	1,731,390	439,962
August 8, 2022	11.07	6.40	68.8	%	—	%	13.2	%	25.0	%	1.6	4.0	1,514,999	1,399,999	669,500
August 19, 2022	11.07	7.39	67.2	%	—	%	13.6	%	100.0	%	0.0	1.0	4,900,000	4,824,333	4,824,333
August 19, 2022	11.07	11.54	74.6	%	—	%	12.7	%	33.0	%	3.6	5.0	8,900,000	8,900,000	—
July 7, 2023	15.60	10.80	75.4	%	—	%	11.6	%	25.0	%	3.5	4.0	1,800,000	1,783,387	—
													39,791,376	20,521,684	7,816,370

Restricted stock options plan

Disclosure of terms and conditions of share-based payment arrangement [line items]

Disclosure of number and weighted average exercise prices of other equity instruments

During the third quarter the 2023, the Company granted one program with the following conditions:

Date of grant	Exercise rate per tranche		Fair value of share (in reais)	Remaining term of the vesting period (in years)	Purchasing period up to (years)	Total granted	Total not exercised
July 7, 2019	25.0	%	51.65	0.0	4.0	170,000	—
June 19, 2020	25.0	%	21.80	0.4	4.0	1,382,582	255,126
July 7, 2021	25.0	%	42.67	1.5	4.0	300,000	118,661
July 7, 2022	25.0	%	11.72	2.5	4.0	335,593	230,693
July 7, 2022	25.0	%	11.72	2.5	4.0	671,186	444,761
July 7, 2023	25.0	%	19.32	3.5	4.0	500,000	494,824
						3,359,361	1,544,065

Phantom Shares

Disclosure of terms and conditions of share-based payment arrangement [line items]

Disclosure of number and weighted average exercise prices of other equity instruments

Date of grant	Option exercise price (in reais)	Average fair value of option	Historical volatility		Expected dividend		Average risk-free rate of return		Exercise rate per tranche		Remaining term of the vesting period (in years)	Purchasing period up to (years)	Total granted	Total outstanding	Total options available for exercise
August 7, 2018	20.43	3.89	74.9	%	0	%	10.0	%	25.0	%	0.0	4.0	707,400	53,520	53,520
July 7, 2019	42.09	1.08	74.9	%	0	%	10.0	%	25.0	%	0.0	4.0	405,000	—	—
April 30, 2020	10.35	7.87	74.9	%	0	%	10.0	%	33.3	%	0.0	3.0	3,250,000	153,160	153,160
April 30, 2020	10.35	8.60	73.8	%	0	%	9.8	%	25.0	%	0.3	4.0	1,600,000	38,820	38,820
August 17, 2021	33.99	3.46	71.4	%	0	%	9.8	%	25.0	%	1.6	4.0	580,000	1,430	1,430
													6,542,400	246,930	246,930