What is the result of the financial statement analysis regarding the Plano de Outorga de Ações? The Plano de Outorga de Ações was approved in 2012 ...

What is the result of the financial statement analysis regarding the Plano de Outorga de Ações?
The Plano de Outorga de Ações was approved in 2012 as a benefit granted annually to members of the board of directors and strategic employees of the Company.
The CVM authorized the Company to carry out private operations covered by the incentive plan for its directors and employees, excluding controlling shareholders, allowing the private transfer of shares held in Treasury.
For the current plans, the Company establishes that statutory and non-statutory directors may use a percentage of 15% to 35% (until 2021 the percentage was 15% to 25%), senior managers from 15% to 40%, managers from 15% to 25% and other employees in coordinator and consultant positions from 5% to 10% of their variable remuneration to acquire shares held in Treasury.
The Company will grant the usufruct of the same amount of shares to the acquirer for 3 years, under an award regime.

a) Only item I is correct.
b) Items I, II, and III are correct.
c) Items I, II, III, and IV are correct.
d) None of the items are correct.