Embraer SA ( (ERJ) ) has provided an update.
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Embraer S.A.’s Board of Directors has approved entering into derivative agreements of ‘equity swap’ with Banco Itaú BBA S.A. to mitigate stock price fluctuations and support their long-term incentive plan. This strategic move involves 16,156,597 shares representing 2% of the total outstanding shares of Embraer and is designed to stabilize share-based payment programs. The plan, which has a 12-month term, is not expected to impact the company’s administrative structure or its obligations towards creditors and dividend payments.
More about Embraer SA
Embraer S.A. is a prominent company in the aerospace industry, known for manufacturing commercial, military, executive, and agricultural aircraft. The company is based in São Paulo, Brazil, and focuses on innovative aviation solutions, catering to various market segments that require high-performance aircraft.
YTD Price Performance: 106.56%
Average Trading Volume: 1,289,131
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.02B
Learn more about ERJ stock on TipRanks’ Stock Analysis page .