VIV Telefonica Brasil SA

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June, 2024

Commission File Number: 001-14475

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TELEFÔNICA BRASIL S.A.
(Exact name of registrant as specified in its charter)

 

TELEFONICA BRAZIL S.A.  
(Translation of registrant’s name into English)

 

Av. Eng° Luís Carlos Berrini, 1376 -  28º andar
São Paulo, S.P.
Federative Republic of Brazil
(Address of principal executive office)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

 

 

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ n° 02.558.157/0001-62 - NIRE 35.3.0015881-4

 

NOTICE TO THE MARKET

 

 

Telefônica Brasil S.A. (B3: VIVT3; NYSE: VIV) (“Company”), hereby informs its shareholders and the market in general that, on this date, its Board of Directors approved the 2^nd Incentive Plan via Performance Units, with Cash Settlement, for three cycles covering the periods from January 1^st, 2024 to December 31^st, 2026, January 1^st, 2025 to December 31^st, 2027 and January 1^st, 2026 to December 31^st, 2028 (“Plan”).

 

With the implementation of the Plan, the incentive to create value for the Company's shareholders and the sustainable achievement of strategic objectives is reinforced, by offering a competitive package that contributes to the retention and performance of certain managers (“Participants”) who occupy key positions in the Company and/or its subsidiaries, aligned with the best market practices.

 

The Plan’s Participants will be entitled to a certain number of units representing 01 (one) common share issued by the Company (VIVT3) (“Unit” and “Share”). Each Unit represents the expectation of the right to receive the full amount of 01 (one) Share, which will serve as a basis, in the view of the number of Units received, to determine the incentive value to be paid by the Company in cash to the Participants, provided that certain objectives are met, according to the terms and conditions set forth in the Plan. The Plan does not result in any dilution of the Company's shareholders, since its settlement is in cash.

 

The entire content of the Plan is available on the websites of the Comissão de Valores Monetários – CVM (www.gov.br/cvm), B3 S.A. – Brasil, Bolsa, Balcão (www.b3.com.br/en_us) and the Company (https:/ri.telefonica.com.br/en).

 

 

São Paulo, June 12^th, 2024.

 

 

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil – Investor Relations

Email: ir.br@telefonica.com

https:/ri.telefonica.com.br/en

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

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