6-K ·Filed May 11, 2026

VIV

TELEFONICA BRASIL S.A.
NEUTRAL
Impact 2/10
Horizonmonths Processed4mo ago SEC0001292814-26-002929
Notable filing: 6-K
Actionable Insight • Neutral

This is a routine amendment of executive compensation plan with no immediate financial implications. Monitor future cycles for performance target updates, but no trading action warranted.

DirectionNeutral
Confidencehigh
Horizonmonths
Final — all horizons settled through T+60d
VIV ▼ -17.23% at T+60d
NEUTRAL call ✗ call lost -17.23% · α vs SPY -21.62% · entry $14.74 → $12.20
Entry anchored
May 11, 2026
via day open
T+1d
+0.27%
call +0.27% · α +0.41%
$14.78
settled 5mo ago
T+5d
-4.41%
call -4.41% · α -4.32%
$14.09
settled 5mo ago
T+20d
-13.09%
call -13.09% · α -12.79%
$12.81
settled 4mo ago
T+60d
-17.23%
call -17.23% · α -21.62%
$12.20
settled 8w ago

Price Chart

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Executive Summary

Telefonica Brasil filed its 2nd long-term incentive plan via performance units with cash settlement, as amended on May 7, 2026. The plan covers three cycles through 2028 and ties executive compensation to TSR, FCF, CO2 neutralization, and gender equality metrics. No material financial impact.

Key Facts

  • Plan amended on May 7, 2026, after initial approval on June 12, 2024.
  • Three independent cycles: 2024-2026, 2025-2027, 2026-2028.
  • First two cycles: TSR (50%), FCF (40%), CO2 neutralization (5%), gender equality (5%).
  • Third cycle: TSR (50%), FCF (50%).
  • Settlement in cash, based on share price and multiplier coefficient.
  • Malus and clawback provisions apply up to 36 months post-payment.

Financial Impact

Not specified

Risk Factors

  • No material risk identified from this filing.

Market Snapshot

Exchange
NYSE
Sector
Telephone Communications (No Radiotelephone)
Analyst Consensus
60% bullish (20 analysts)

Investment Themes

Media & Telecom

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001292814-26-002929
Document: 0001292814-26-002929-index-headers.html0001292814-26-002929
Document: 0001292814-26-002929-index.html0001292814-26-002929
Document: 0001292814-26-002929.txt0001292814-26-002929
12 reports for VIV
Performance horizon
Filters
Rows
Reports for VIV — sortable, filterable
TypeNow
Jul 16, 2026
11w ago
6-K
NEUTRAL ★ 3/10
$13.95 $11.41▼ −18.21%▼ −22.65%$11.54 (−17.28%)
May 27, 2026
18w ago
6-K
NEUTRAL ★ 2/10
$13.33 $13.45▲ +0.90%▲ +4.05%$11.54 (−13.43%)
May 22, 2026
19w ago
6-K
NEUTRAL ★ 3/10
$13.42 $13.21▼ −1.60%▲ +0.35%$11.54 (−14.04%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.19▼ −2.57%▼ −4.15%$11.54 (−14.76%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.19▼ −2.57%▼ −4.15%$11.54 (−14.76%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.19▼ −2.57%▼ −4.15%$11.54 (−14.76%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 4/10
$13.47 $13.21▼ −1.93%▼ −4.05%$11.54 (−14.33%)
May 11, 2026
20w ago
6-K
NEUTRAL ★ 2/10
$14.74 $12.81▼ −13.09%▼ −12.79%$11.54 (−21.71%)
Apr 27, 2026
22w ago
6-K
NEUTRAL ★ 2/10
$15.68 $13.50▼ −13.90%▼ −19.37%$11.54 (−26.40%)
Apr 27, 2026
22w ago
6-K
NEUTRAL ★ 2/10
$15.68 $13.50▼ −13.90%▼ −19.37%$11.54 (−26.40%)
Showing 10 of 12

US Market Status

Market Closed — Opens Mon (39h 29m)

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