[6-K] TIM S.A. American Current Report (Foreign Issuer)
Hillenbrand, Inc. (HI) filed a Form 4 indicating that director Neil S. Novich received a total of 731 Restricted Stock Units (RSUs) on 30 June 2025. The RSUs were granted through the company’s deferred stock award program and conversion of deferred director fees, each carrying dividend-equivalent rights and issued at $0 cost. Depending on grant date, the RSUs either vest immediately or on the earlier of the next annual meeting or one year after grant, with share delivery deferred until Mr. Novich leaves the board or upon specific triggering events such as a change in control. No common-stock purchases or sales were reported, so cash flow and share count remain unaffected. Post-grant, the director’s beneficial holdings across award pools range between roughly 2,800 and 6,000 units, underscoring ongoing equity alignment with shareholders.
Hillenbrand, Inc. (HI) ha presentato un Modulo 4 che indica che il direttore Neil S. Novich ha ricevuto un totale di 731 Unità Azionarie Vincolate (RSU) il 30 giugno 2025. Le RSU sono state assegnate tramite il programma di premi azionari differiti della società e la conversione dei compensi differiti per i direttori, ciascuna con diritti equivalenti ai dividendi e emesse a costo zero. A seconda della data di assegnazione, le RSU maturano immediatamente oppure al verificarsi del primo tra l'assemblea annuale successiva o un anno dopo l'assegnazione, con la consegna delle azioni differita fino a quando il signor Novich lascia il consiglio o in seguito a eventi specifici come un cambio di controllo. Non sono stati segnalati acquisti o vendite di azioni ordinarie, quindi il flusso di cassa e il numero di azioni rimangono invariati. Dopo l'assegnazione, le partecipazioni beneficiarie del direttore nei vari pool di premi variano approssimativamente tra 2.800 e 6.000 unità, evidenziando un continuo allineamento azionario con gli azionisti.
Hillenbrand, Inc. (HI) presentó un Formulario 4 indicando que el director Neil S. Novich recibió un total de 731 Unidades Restringidas de Acciones (RSU) el 30 de junio de 2025. Las RSU fueron otorgadas a través del programa de premios diferidos de acciones de la compañía y la conversión de honorarios diferidos para directores, cada una con derechos equivalentes a dividendos y emitidas a costo cero. Dependiendo de la fecha de concesión, las RSU se consolidan inmediatamente o en la fecha anterior entre la próxima junta anual o un año después de la concesión, con la entrega de acciones diferida hasta que el Sr. Novich deje la junta o ante eventos específicos como un cambio de control. No se reportaron compras ni ventas de acciones ordinarias, por lo que el flujo de caja y el recuento de acciones permanecen sin cambios. Tras la concesión, las participaciones beneficiarias del director en los distintos grupos de premios oscilan aproximadamente entre 2,800 y 6,000 unidades, subrayando una continua alineación accionarial con los accionistas.
Hillenbrand, Inc. (HI)는 이사 Neil S. Novich가 2025년 6월 30일에 총 731개의 제한 주식 단위(RSU)를 받았음을 알리는 Form 4를 제출했습니다. 이 RSU는 회사의 이연 주식 보상 프로그램과 이연 이사 수수료 전환을 통해 부여되었으며, 각각 배당금에 상응하는 권리가 부여되고 비용 없이 발행되었습니다. 부여일에 따라 RSU는 즉시 권리가 확정되거나 다음 연례 총회 또는 부여 후 1년 중 빠른 시점에 권리가 확정되며, 주식 인도는 Novich 이사가 이사회에서 물러나거나 지배권 변경과 같은 특정 발동 이벤트가 발생할 때까지 연기됩니다. 보통주 매매는 보고되지 않아 현금 흐름과 주식 수에는 변동이 없습니다. 부여 후 이사의 수혜 지분은 약 2,800에서 6,000 단위 사이로, 주주와의 지속적인 지분 정렬을 보여줍니다.
Hillenbrand, Inc. (HI) a déposé un formulaire 4 indiquant que le directeur Neil S. Novich a reçu un total de 731 unités d’actions restreintes (RSU) le 30 juin 2025. Les RSU ont été attribuées via le programme d’attribution d’actions différées de la société et la conversion des honoraires différés des administrateurs, chacune portant des droits équivalents aux dividendes et émises à coût nul. Selon la date d’attribution, les RSU sont soit acquises immédiatement, soit à la première échéance entre la prochaine assemblée annuelle ou un an après l’attribution, avec la livraison des actions différée jusqu’au départ de M. Novich du conseil ou lors d’événements déclencheurs spécifiques tels qu’un changement de contrôle. Aucun achat ou vente d’actions ordinaires n’a été signalé, de sorte que les flux de trésorerie et le nombre d’actions restent inchangés. Après l’attribution, les avoirs bénéficiaires du directeur dans les différents pools d’attribution varient entre environ 2 800 et 6 000 unités, soulignant un alignement continu des intérêts avec les actionnaires.
Hillenbrand, Inc. (HI) reichte ein Formular 4 ein, das angibt, dass der Direktor Neil S. Novich am 30. Juni 2025 insgesamt 731 Restricted Stock Units (RSUs) erhalten hat. Die RSUs wurden über das aufgeschobene Aktienprämienprogramm des Unternehmens und die Umwandlung aufgeschobener Direktorenhonorare gewährt, jede mit dividendenähnlichen Rechten und zu null Kosten ausgegeben. Je nach Gewährungsdatum werden die RSUs entweder sofort oder zum frühesten Zeitpunkt der nächsten Jahreshauptversammlung oder ein Jahr nach der Gewährung unverfallbar, wobei die Aktienauslieferung bis zum Ausscheiden von Herrn Novich aus dem Vorstand oder bei bestimmten auslösenden Ereignissen wie einem Kontrollwechsel aufgeschoben wird. Es wurden keine Käufe oder Verkäufe von Stammaktien gemeldet, sodass sich der Cashflow und die Aktienanzahl nicht ändern. Nach der Gewährung liegen die vorteilhaften Bestände des Direktors in den verschiedenen Prämienpools etwa zwischen 2.800 und 6.000 Einheiten, was die fortlaufende Aktienausrichtung mit den Aktionären unterstreicht.
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Insights
TL;DR: Routine equity grant; neutral signal.
The filing shows 731 new RSUs granted to director Novich, consistent with regular board compensation practices. Because the grant is at $0 and involves no market transaction, it neither alters liquidity nor signals a directional view on the stock. The disclosure is informational with limited market impact.
TL;DR: Standard deferred compensation; no red flags.
The award structure—immediate or annual-meeting vesting, deferred settlement, and mandatory post-service holding periods—aligns with governance best practices. The size of the grant appears proportionate to tenure and typical board compensation, and no accelerated vesting provisions beyond common triggers are noted. Overall governance impact is neutral.
Hillenbrand, Inc. (HI) ha presentato un Modulo 4 che indica che il direttore Neil S. Novich ha ricevuto un totale di 731 Unità Azionarie Vincolate (RSU) il 30 giugno 2025. Le RSU sono state assegnate tramite il programma di premi azionari differiti della società e la conversione dei compensi differiti per i direttori, ciascuna con diritti equivalenti ai dividendi e emesse a costo zero. A seconda della data di assegnazione, le RSU maturano immediatamente oppure al verificarsi del primo tra l'assemblea annuale successiva o un anno dopo l'assegnazione, con la consegna delle azioni differita fino a quando il signor Novich lascia il consiglio o in seguito a eventi specifici come un cambio di controllo. Non sono stati segnalati acquisti o vendite di azioni ordinarie, quindi il flusso di cassa e il numero di azioni rimangono invariati. Dopo l'assegnazione, le partecipazioni beneficiarie del direttore nei vari pool di premi variano approssimativamente tra 2.800 e 6.000 unità, evidenziando un continuo allineamento azionario con gli azionisti.
Hillenbrand, Inc. (HI) presentó un Formulario 4 indicando que el director Neil S. Novich recibió un total de 731 Unidades Restringidas de Acciones (RSU) el 30 de junio de 2025. Las RSU fueron otorgadas a través del programa de premios diferidos de acciones de la compañía y la conversión de honorarios diferidos para directores, cada una con derechos equivalentes a dividendos y emitidas a costo cero. Dependiendo de la fecha de concesión, las RSU se consolidan inmediatamente o en la fecha anterior entre la próxima junta anual o un año después de la concesión, con la entrega de acciones diferida hasta que el Sr. Novich deje la junta o ante eventos específicos como un cambio de control. No se reportaron compras ni ventas de acciones ordinarias, por lo que el flujo de caja y el recuento de acciones permanecen sin cambios. Tras la concesión, las participaciones beneficiarias del director en los distintos grupos de premios oscilan aproximadamente entre 2,800 y 6,000 unidades, subrayando una continua alineación accionarial con los accionistas.
Hillenbrand, Inc. (HI)는 이사 Neil S. Novich가 2025년 6월 30일에 총 731개의 제한 주식 단위(RSU)를 받았음을 알리는 Form 4를 제출했습니다. 이 RSU는 회사의 이연 주식 보상 프로그램과 이연 이사 수수료 전환을 통해 부여되었으며, 각각 배당금에 상응하는 권리가 부여되고 비용 없이 발행되었습니다. 부여일에 따라 RSU는 즉시 권리가 확정되거나 다음 연례 총회 또는 부여 후 1년 중 빠른 시점에 권리가 확정되며, 주식 인도는 Novich 이사가 이사회에서 물러나거나 지배권 변경과 같은 특정 발동 이벤트가 발생할 때까지 연기됩니다. 보통주 매매는 보고되지 않아 현금 흐름과 주식 수에는 변동이 없습니다. 부여 후 이사의 수혜 지분은 약 2,800에서 6,000 단위 사이로, 주주와의 지속적인 지분 정렬을 보여줍니다.
Hillenbrand, Inc. (HI) a déposé un formulaire 4 indiquant que le directeur Neil S. Novich a reçu un total de 731 unités d’actions restreintes (RSU) le 30 juin 2025. Les RSU ont été attribuées via le programme d’attribution d’actions différées de la société et la conversion des honoraires différés des administrateurs, chacune portant des droits équivalents aux dividendes et émises à coût nul. Selon la date d’attribution, les RSU sont soit acquises immédiatement, soit à la première échéance entre la prochaine assemblée annuelle ou un an après l’attribution, avec la livraison des actions différée jusqu’au départ de M. Novich du conseil ou lors d’événements déclencheurs spécifiques tels qu’un changement de contrôle. Aucun achat ou vente d’actions ordinaires n’a été signalé, de sorte que les flux de trésorerie et le nombre d’actions restent inchangés. Après l’attribution, les avoirs bénéficiaires du directeur dans les différents pools d’attribution varient entre environ 2 800 et 6 000 unités, soulignant un alignement continu des intérêts avec les actionnaires.
Hillenbrand, Inc. (HI) reichte ein Formular 4 ein, das angibt, dass der Direktor Neil S. Novich am 30. Juni 2025 insgesamt 731 Restricted Stock Units (RSUs) erhalten hat. Die RSUs wurden über das aufgeschobene Aktienprämienprogramm des Unternehmens und die Umwandlung aufgeschobener Direktorenhonorare gewährt, jede mit dividendenähnlichen Rechten und zu null Kosten ausgegeben. Je nach Gewährungsdatum werden die RSUs entweder sofort oder zum frühesten Zeitpunkt der nächsten Jahreshauptversammlung oder ein Jahr nach der Gewährung unverfallbar, wobei die Aktienauslieferung bis zum Ausscheiden von Herrn Novich aus dem Vorstand oder bei bestimmten auslösenden Ereignissen wie einem Kontrollwechsel aufgeschoben wird. Es wurden keine Käufe oder Verkäufe von Stammaktien gemeldet, sodass sich der Cashflow und die Aktienanzahl nicht ändern. Nach der Gewährung liegen die vorteilhaften Bestände des Direktors in den verschiedenen Prämienpools etwa zwischen 2.800 und 6.000 Einheiten, was die fortlaufende Aktienausrichtung mit den Aktionären unterstreicht.
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
Date of Report: July 2, 2025
Commission File Number: 001-39570
TIM S.A.
(Exact name of Registrant as specified in its Charter)
João
Cabral de Melo Neto Avenue, 850 – North Tower – 12th floor
22775-057 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ 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).
Yes ☐ No ☒
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 ☒
TIM S.A.
Publicly held company
CNPJ/MF 02.421.421/0001-11
NIRE 33.300.324.631
NOTICE TO SHAREHOLDERS
Reverse Split and Split Operation
End of the Position Adjustment Period
TIM S.A. ("Company") (B3: TIMS3 and NYSE: TIMB), in accordance with and for the purposes of the provisions of article 157, paragraph 4, of Law No. 6,404/1976, and CVM Resolution No. 44/2021, in continuity with the Material Facts disclosed on February 24, 2025 and, in particular, on March 27, 2025, which announced the approval at the Annual and Extraordinary Shareholders' Meeting ("AEGM") of the proposal to reverse split all common shares issued by The Company, in the ratio of 100 (one hundred) shares to one (1) share, and subsequent split, so that one (1) grouped share corresponds to one hundred (100) shares, without changing the Company's capital stock ("Transaction") and the Material Fact disclosed on June 02, 2025, hereby informs its shareholders and the market in general as follows:
On this date, the period of thirty (30) days for shareholders holding common shares of the Company to comprise, if applicable, the composition of their shareholding positions in whole lots and multiples of one hundred (100) shares, at their own discretion, in order to ensure the ownership of a whole number of shares as a result of the Transaction ("End of the Position Adjustment Period") ended.
Completion of the Operation. The Transaction will be effective on the business day following the end of the Position Adjustment Period, that is, on July 3, 2025, with no change in the Company's capital stock. As of July 3, 2025 (inclusive), the shares will be traded as ex-reverse split and ex-split.
ADR Program. As approved at the AEGM, the Transaction will not affect the securities traded in the American Depositary Receipt (ADR), and the Depositary Bank will be responsible for recomposing the number of local shares underlying the Company's ADR program, in such a way as to keep the ADR balance unchanged. After the Transaction, the ADRs issued by the Company will continue to be traded at the ratio of five (5) common shares to one (1) ADR.
Once the Position Adjustment Period has ended, shareholders who own fractions of shares resulting from the Transaction will be subject to the procedure set forth below:
Treatment of Fractions. The fractions of shares held by shareholders who have not adjusted their position to multiples of one hundred (100) shares will be grouped into whole numbers and sold at auction, to be held at B3 S.A. – Brasil, Bolsa e Balcão in the name of the holders of the fractions ("Auction"). The net proceeds obtained from the sale of these shares will be apportioned and distributed proportionally among all holders of the fractions of shares, on a date and in a manner to be timely informed by the Company as follows:
(a) Shareholders with complete registration data: the amounts will be deposited in the checking account indicated in the respective shareholder's registration.
(b) shareholders with shares deposited in the Central Depository of B3: the amounts will be credited directly to the Central Depository, which will be responsible for transferring them to the respective shareholder through its custody agent; and
(c) other shareholders not identified or without complete registration data: the amounts will be available to the Company, for the legal period, for receipt by the respective holder upon provision of complete registration data.
The funds allocated to investors (residents and non-residents) may be subject to income tax on any gains, which will be taxed as "net gains", according to current legislation. There may be a case of exemption according to the nature of the investor. Thus, the appropriate tax treatment must be identified directly by the respective shareholders and their advisors.
The Company will disclose, in due course, the date of the Auction and the date on which the net proceeds resulting from the Auction will be made available to the holders of the fractions of shares.
Rio de Janeiro, July 2, 2025.
TIM S.A.
Alberto Griselli
Chief Executive Officer and
Investor Relations Officer
SIGNATURES
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.
| TIM S.A. | |||
| Date: July 2, 2025 | By: | /s/ Alberto Mario Griselli | |
| Alberto Mario Griselli | |||
| Chief Executive Officer, Chief Financial Officer and Investor Relations Officer | |||
FAQ
How many RSUs did Hillenbrand (HI) director Neil S. Novich acquire on 30 June 2025?
Were any Hillenbrand common shares sold in this Form 4 filing?
What is the vesting schedule for the newly granted RSUs?
Do the RSUs include dividend-equivalent rights?
At what price were the RSUs granted to Neil S. Novich?
