[6-K] BANCO SANTANDER (BRASIL) SA Current Report (Foreign Issuer)
Form 4 – Kinder Morgan, Inc. (KMI) discloses that Vice President & General Counsel Catherine C. James settled 51,994 restricted stock units (RSUs) into Class P common shares on 31 Jul 2025 (code M). To satisfy tax-withholding requirements, the issuer retained 19,951 shares at the $28.06 closing price (code F), leaving a net 32,043-share increase in the insider’s direct ownership at zero cash cost.
Post-transaction, James directly owns 142,604 shares and indirectly holds 361 shares (75 via spouse, 286 via 401(k)). All reported RSUs are now fully vested; no derivative securities remain outstanding.
The filing reflects routine equity-compensation settlement rather than discretionary buying or selling, carrying neutral market implications but signalling continued executive equity alignment.
Modulo 4 – Kinder Morgan, Inc. (KMI) comunica che la Vicepresidente e Consigliere Generale Catherine C. James ha liquidato 51.994 unità di azioni vincolate (RSU) in azioni ordinarie di Classe P il 31 luglio 2025 (codice M). Per soddisfare gli obblighi fiscali di ritenuta, l'emittente ha trattenuto 19.951 azioni al prezzo di chiusura di $28,06 (codice F), lasciando un incremento netto di 32.043 azioni nella proprietà diretta dell'insider senza alcun costo in denaro.
Dopo la transazione, James possiede direttamente 142.604 azioni e detiene indirettamente 361 azioni (75 tramite il coniuge, 286 tramite il piano 401(k)). Tutte le RSU segnalate sono ora completamente maturate; non risultano strumenti derivati in circolazione.
La comunicazione riflette una normale liquidazione di compensi azionari piuttosto che operazioni discrezionali di acquisto o vendita, con implicazioni di mercato neutre, ma indica un continuo allineamento azionario dei dirigenti.
Formulario 4 – Kinder Morgan, Inc. (KMI) revela que la Vicepresidenta y Asesora General Catherine C. James liquidó 51,994 unidades restringidas de acciones (RSUs) en acciones comunes Clase P el 31 de julio de 2025 (código M). Para cumplir con las retenciones fiscales, el emisor retuvo 19,951 acciones al precio de cierre de $28.06 (código F), dejando un incremento neto de 32,043 acciones en la propiedad directa del insider sin costo en efectivo.
Tras la transacción, James posee directamente 142,604 acciones y mantiene indirectamente 361 acciones (75 a través del cónyuge, 286 mediante el plan 401(k)). Todas las RSUs reportadas están completamente consolidadas; no quedan valores derivados pendientes.
La presentación refleja una liquidación rutinaria de compensación en acciones en lugar de compras o ventas discrecionales, con implicaciones neutrales para el mercado, pero señalando una continua alineación accionarial ejecutiva.
서식 4 – Kinder Morgan, Inc. (KMI)는 부사장 겸 법률 고문인 Catherine C. James가 2025년 7월 31일에 51,994개의 제한 주식 단위(RSU)를 클래스 P 보통주로 정산했다고 공개했습니다(코드 M). 세금 원천징수 요건을 충족하기 위해 발행사는 종가 $28.06에 19,951주를 보유했으며(코드 F), 이로 인해 내부자의 직접 소유 주식이 순 32,043주 증가했으며 현금 비용은 발생하지 않았습니다.
거래 후 James는 직접 142,604주를 보유하고 있으며 간접적으로 361주(배우자 75주, 401(k) 286주)를 보유하고 있습니다. 보고된 모든 RSU는 완전히 권리 확정되었으며, 파생 증권은 남아 있지 않습니다.
이 신고는 임의의 매매가 아닌 일반적인 주식 보상 정산을 반영하며, 시장에 중립적인 영향을 가지면서도 경영진의 주식 보유 지속적 일치를 나타냅니다.
Formulaire 4 – Kinder Morgan, Inc. (KMI) révèle que la Vice-Présidente et Conseillère Juridique Catherine C. James a réglé 51 994 unités d'actions restreintes (RSU) en actions ordinaires de classe P le 31 juillet 2025 (code M). Pour satisfaire aux exigences de retenue fiscale, l'émetteur a retenu 19 951 actions au prix de clôture de 28,06 $ (code F), laissant une augmentation nette de 32 043 actions dans la propriété directe de l'initié sans coût en espèces.
Après la transaction, James détient directement 142 604 actions et indirectement 361 actions (75 via son conjoint, 286 via un plan 401(k)). Toutes les RSU déclarées sont désormais entièrement acquises ; aucun titre dérivé n'est en circulation.
Le dépôt reflète un règlement habituel de rémunération en actions plutôt qu'un achat ou une vente discrétionnaire, avec des implications neutres pour le marché, tout en signalant un alignement continu des dirigeants avec le capital de l'entreprise.
Formular 4 – Kinder Morgan, Inc. (KMI) gibt bekannt, dass die Vizepräsidentin und General Counsel Catherine C. James am 31. Juli 2025 51.994 Restricted Stock Units (RSUs) in Class P Stammaktien umgewandelt hat (Code M). Um den steuerlichen Einbehaltspflichten nachzukommen, behielt der Emittent 19.951 Aktien zum Schlusskurs von 28,06 $ ein (Code F), was zu einer netto Erhöhung von 32.043 Aktien im direkten Besitz der Insiderin ohne Baraufwand führte.
Nach der Transaktion besitzt James direkt 142.604 Aktien und hält indirekt 361 Aktien (75 über den Ehepartner, 286 über den 401(k)). Alle gemeldeten RSUs sind nun vollständig unverfallbar; keine derivativen Wertpapiere sind mehr ausstehend.
Die Meldung spiegelt eine routinemäßige Abwicklung von Aktienvergütungen wider und keine diskretionären Käufe oder Verkäufe, was neutrale Marktimplikationen hat, aber eine fortgesetzte Ausrichtung der Führungskräfte am Eigenkapital signalisiert.
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Insights
TL;DR: Routine RSU vesting; insider’s stake grows 23% with no open-market trade—neutral signal.
The settlement of 51.9k RSUs and withholding of 19.9k shares is standard tax administration. Because the insider neither bought nor sold shares on the market, the transaction offers little insight into management’s valuation view. Direct ownership rises to 142.6k shares, enhancing alignment, yet the incremental 32k shares represent <1% of daily KMI volume and are immaterial to float. I classify the filing as not impactful for valuation or trading sentiment.
TL;DR: Compensation-driven transfer, governance posture unchanged.
RSU settlements are built into Kinder Morgan’s executive pay structure. The absence of a 10b5-1 plan box and the mechanical nature of the disposition indicate no intent to time the market. Share withholding for taxes avoids cash outlay and prevents open-market selling pressure. From a governance standpoint, continued equity accumulation by the GC supports shareholder-management alignment, but the event does not materially alter control or incentive architecture.
Modulo 4 – Kinder Morgan, Inc. (KMI) comunica che la Vicepresidente e Consigliere Generale Catherine C. James ha liquidato 51.994 unità di azioni vincolate (RSU) in azioni ordinarie di Classe P il 31 luglio 2025 (codice M). Per soddisfare gli obblighi fiscali di ritenuta, l'emittente ha trattenuto 19.951 azioni al prezzo di chiusura di $28,06 (codice F), lasciando un incremento netto di 32.043 azioni nella proprietà diretta dell'insider senza alcun costo in denaro.
Dopo la transazione, James possiede direttamente 142.604 azioni e detiene indirettamente 361 azioni (75 tramite il coniuge, 286 tramite il piano 401(k)). Tutte le RSU segnalate sono ora completamente maturate; non risultano strumenti derivati in circolazione.
La comunicazione riflette una normale liquidazione di compensi azionari piuttosto che operazioni discrezionali di acquisto o vendita, con implicazioni di mercato neutre, ma indica un continuo allineamento azionario dei dirigenti.
Formulario 4 – Kinder Morgan, Inc. (KMI) revela que la Vicepresidenta y Asesora General Catherine C. James liquidó 51,994 unidades restringidas de acciones (RSUs) en acciones comunes Clase P el 31 de julio de 2025 (código M). Para cumplir con las retenciones fiscales, el emisor retuvo 19,951 acciones al precio de cierre de $28.06 (código F), dejando un incremento neto de 32,043 acciones en la propiedad directa del insider sin costo en efectivo.
Tras la transacción, James posee directamente 142,604 acciones y mantiene indirectamente 361 acciones (75 a través del cónyuge, 286 mediante el plan 401(k)). Todas las RSUs reportadas están completamente consolidadas; no quedan valores derivados pendientes.
La presentación refleja una liquidación rutinaria de compensación en acciones en lugar de compras o ventas discrecionales, con implicaciones neutrales para el mercado, pero señalando una continua alineación accionarial ejecutiva.
서식 4 – Kinder Morgan, Inc. (KMI)는 부사장 겸 법률 고문인 Catherine C. James가 2025년 7월 31일에 51,994개의 제한 주식 단위(RSU)를 클래스 P 보통주로 정산했다고 공개했습니다(코드 M). 세금 원천징수 요건을 충족하기 위해 발행사는 종가 $28.06에 19,951주를 보유했으며(코드 F), 이로 인해 내부자의 직접 소유 주식이 순 32,043주 증가했으며 현금 비용은 발생하지 않았습니다.
거래 후 James는 직접 142,604주를 보유하고 있으며 간접적으로 361주(배우자 75주, 401(k) 286주)를 보유하고 있습니다. 보고된 모든 RSU는 완전히 권리 확정되었으며, 파생 증권은 남아 있지 않습니다.
이 신고는 임의의 매매가 아닌 일반적인 주식 보상 정산을 반영하며, 시장에 중립적인 영향을 가지면서도 경영진의 주식 보유 지속적 일치를 나타냅니다.
Formulaire 4 – Kinder Morgan, Inc. (KMI) révèle que la Vice-Présidente et Conseillère Juridique Catherine C. James a réglé 51 994 unités d'actions restreintes (RSU) en actions ordinaires de classe P le 31 juillet 2025 (code M). Pour satisfaire aux exigences de retenue fiscale, l'émetteur a retenu 19 951 actions au prix de clôture de 28,06 $ (code F), laissant une augmentation nette de 32 043 actions dans la propriété directe de l'initié sans coût en espèces.
Après la transaction, James détient directement 142 604 actions et indirectement 361 actions (75 via son conjoint, 286 via un plan 401(k)). Toutes les RSU déclarées sont désormais entièrement acquises ; aucun titre dérivé n'est en circulation.
Le dépôt reflète un règlement habituel de rémunération en actions plutôt qu'un achat ou une vente discrétionnaire, avec des implications neutres pour le marché, tout en signalant un alignement continu des dirigeants avec le capital de l'entreprise.
Formular 4 – Kinder Morgan, Inc. (KMI) gibt bekannt, dass die Vizepräsidentin und General Counsel Catherine C. James am 31. Juli 2025 51.994 Restricted Stock Units (RSUs) in Class P Stammaktien umgewandelt hat (Code M). Um den steuerlichen Einbehaltspflichten nachzukommen, behielt der Emittent 19.951 Aktien zum Schlusskurs von 28,06 $ ein (Code F), was zu einer netto Erhöhung von 32.043 Aktien im direkten Besitz der Insiderin ohne Baraufwand führte.
Nach der Transaktion besitzt James direkt 142.604 Aktien und hält indirekt 361 Aktien (75 über den Ehepartner, 286 über den 401(k)). Alle gemeldeten RSUs sind nun vollständig unverfallbar; keine derivativen Wertpapiere sind mehr ausstehend.
Die Meldung spiegelt eine routinemäßige Abwicklung von Aktienvergütungen wider und keine diskretionären Käufe oder Verkäufe, was neutrale Marktimplikationen hat, aber eine fortgesetzte Ausrichtung der Führungskräfte am Eigenkapital signalisiert.
SECURITIES AND EXCHANGE COMMISSION
Commission File Number: 001-34476
Bloco A – Vila Olimpia
São Paulo, SP 04543-011
Federative Republic of Brazil
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):
Yes _______ No ___X____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes _______ No ___X____
Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes _______ No ___X____
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
BANCO SANTANDER (BRASIL) S.A.
Publicly-held Company with Authorized Capital
CNPJ/MF No. 90.400.888/0001-42
NIRE 35.300.332.067
NOTICE TO THE MARKET ON RELATED PARTY TRANSACTION
Banco Santander (Brasil) S.A., hereby informs the market, in compliance with Annex F of CVM Resolution No. 80, of March 29, 2022, as amended, the following about related-party transactions:
| Name of the Parties |
· Banco Santander (Brasil) S.A. (“Santander”) · Santander Serviços Digitais Brasil Ltda. (“SSD Brasil”) |
| Description of the Transaction |
On August 1, 2025, the Parties entered into a Master Agreement for provision of Technical Services in Technology and/or Project Development, through which SSD Brasil will provide the following services to Santander:
• Network infrastructure management; • Real-time monitoring and analysis of the performance and health of technology systems; • Private and public cloud management; • Technology and Systems Operations Management; • Administration of physical facilities housing servers, network equipment, and other IT components; • Strategic IT Consulting. |
| Relationship with the issuer |
The Parties' common controlling shareholder is Banco Santander, S.A. ("Santander Spain").
Santander is directly controlled by Santander Spain.
SSD Brasil is a company controlled by Santander Global Technology and Operations S.L., which in turn is controlled by Santander Spain. |
| Purpose of the transaction | The objective of the transaction is to provide technological services and develop related projects. The use of the Technology Platform is part of the Santander Group's global strategy, as part of implementation of the global service platform model. |
| Description of the negotiation process informing (i) who was responsible for deciding on the contract, (ii) whether the decision was taken by the competent administration body; and (iii) the administrators who participated in the decision |
Service contracting is determined by global and local committees within the Santander Group, managed by executives who participate in technical decision-making and cost approval. The contracting process between related parties took into account the criticality and relevance of the scope involved, the magnitude of the transaction, and the need to ensure the security of financial information, minimize operational impact, and ensure business continuity. The transaction was conducted in compliance with the terms and conditions of Santander Brasil's Related Party Transactions Policy, particularly item 5.1., and was previously deliberated upon and approved by the Company's Audit Committee. |
| Main Terms and Conditions |
Negotiated unit values: The negotiated amount for 2025, covering the period from August to December, is R$163,458,335.00 (one hundred sixty-three million, four hundred fifty-eight thousand, three hundred thirty-five reais).
For 2026, the negotiated amount is R$380,000,000.00 (three hundred eighty million reais). |
| Absence of withdrawal rights | Not applicable. |
| Participation of the related party, its partners or administrators in the decision-making process and negotiation of the transaction | Santander Spain, its partners or directors did not participate in the decision or negotiation of the transaction with the Parties. |
| Reasons why the issuer´s management considers that the transaction was carried out on an arm’s length basis or sets forth adequate compensation | The transaction observed arm’s length conditions, on a strictly commercial basis, duly validated according to parameters and methodologies practiced by the market and parameterized in previous transactions of the same nature. |
São Paulo, August 04, 2025.
Gustavo Alejo Viviani
Investors Relations Officer
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Banco Santander (Brasil) S.A. | ||
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By: |
/S/ Reginaldo Antonio Ribeiro
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Reginaldo Antonio Ribeiro Officer without specific designation |
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By: |
/S/ Gustavo Alejo Viviani
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Gustavo Alejo Viviani Vice - President Executive Officer |
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FAQ
How many Kinder Morgan shares did Catherine C. James acquire on 31 July 2025?
What price was used for the tax-withholding disposition in the KMI Form 4?
How many Kinder Morgan shares does the insider now directly own?
Did the Form 4 involve an open-market purchase or sale?
Are any derivative securities still outstanding for this insider?
