[6-K] VALE S.A. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Restaurant Brands International Inc. (QSR) – Form 4 filed 10 July 2025

The filing discloses equity transactions by Chief Executive Officer Joshua Kobza dated 08 July 2025. The report shows no open-market sales; all listed items are grants or dividend-equivalent accruals that increase the executive’s potential ownership.

• Common shares currently held: 966,501.5173 (direct ownership).
• New derivative awards: • 200,000 stock options exercisable at US$56.92, expiring 04 May 2027 (already fully vested). • 5,413 exchangeable partnership units, convertible 1-for-1 into common shares with no expiration. • 604.553 restricted share units (RSUs) from dividend equivalents. • 5,500.329 performance share units (PSUs) from dividend equivalents. • Four additional RSU grants totalling 818.554 units with staggered vesting through 15 Dec 2028.
• Vesting schedules: RSUs vest in annual instalments; PSUs vest on 15 Mar 2027, 21 May 2028 and 15 Mar 2028, subject to performance hurdles.

Following these transactions, Kobza’s direct beneficial ownership comprises the common shares above plus all derivative securities listed in Table II. Because the grants are compensation-related and carry no immediate cash cost, the filing signals continued alignment of management incentives with shareholder value but does not involve new capital inflows to the company.

Positive

• No shares were sold; all reported transactions increase or maintain insider ownership.
• Long-dated PSUs and RSUs link compensation to future performance and shareholder returns.

Negative

• 200,000 fully-vested options and >6,000 new share units add potential dilution upon exercise/vesting.

Insights

Securities Analyst

TL;DR – CEO granted options, RSUs and PSUs; no shares sold, modestly shareholder-friendly but largely routine compensation.

This Form 4 is typical executive compensation rather than an opportunistic insider buy. Joshua Kobza received 200 k fully-vested options at a strike of US$56.92 plus ~6.1 k RSU/PSU units (largely dividend equivalents). His direct share count remains high at 966.5 k shares. While the absence of disposals avoids negative signalling, these awards could add ~6 % to his fully-diluted stake if performance goals are met, introducing limited dilution for other holders. Overall impact on valuation is negligible; nevertheless, ongoing equity ownership aligns incentives ahead of multi-year vesting targets.

 

 

 

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

of the

Securities Exchange Act of 1934

 

For the month of

 

July 2025

 

Vale S.A.

 

Praia de Botafogo nº 186, 18º andar, Botafogo
22250-145 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.)

 

(Check One) Form 20-F x Form 40-F ¨

 

 

 

 

 

 

 

 

 

 

 

 

Purchases of equity securities by the issuer and affiliated purchasers on June 30, 2025. Company: VALE S.A. Beginning balance Type of security Characteristic of the security Quantity % Same class of shares Total capital Shares VALE3 96.077.023 2,12% 2,12% Movements Type of security Characteristic of the security Intermediate Operation Date Quantity Average price (Daily) Volume (R$) - - - - - - - - Ending balance Type of security Characteristic of the security Quantity % Same class of shares Total capital Shares VALE3 96.077.023 2,12% 2,12% Company: VALE S.A. Beginning balance Type of security Characteristic of the security Quantity % Same class of shares Total capital ADS VALE 5.237.459 0,12% 0,12% Movements Type of security Characteristic of the security Intermediate Operation Date Quantity Average price (Daily) Volume (R$) - - - - - - - - Ending balance Type of security Characteristic of the security Quantity % Same class of shares Total capital ADS VALE 5.237.459 0,12% 0,12% Purchases of equity securities by the issuer and affiliated purchasers on June 30, 2025. Company: MBR S.A. Beginning balance Type of security Characteristic of the security Quantity % Same class of shares Total capital Shares VALE3 3.534.700 0,08% 0,08% Movements Type of security Characteristic of the security Intermediate Operation Date Quantity Average price (Daily) Volume (R$) - - - - - - - - Ending balance Type of security Characteristic of the security Quantity % Same class of shares Total capital Shares VALE3 3.534.700 0,08% 0,08% Company: MBR S.A. Beginning balance Type of security Characteristic of the security Quantity % Same class of shares Total capital ADS VALE 0 0,00% 0,00% Movements Type of security Characteristic of the security Intermediate Operation Date Quantity Average price (Daily) Volume (R$) - - - - - - - - Ending balance Type of security Characteristic of the security Quantity % Same class of shares Total capital ADS VALE 0 0,00% 0,00% Purchases of equity securities by the issuer and affiliated purchasers on June 30, 2025. Company: Vale Holdings B.V. Beginning balance Type of security Characteristic of the security Quantity % Same class of shares Total capital Shares VALE3 0 0,00% 0,00% Movements Type of security Characteristic of the security Intermediate Operation Date Quantity Average price (Daily) Volume (R$) - - - - - - - - Ending balance Type of security Characteristic of the security Quantity % Same class of shares Total capital Shares VALE3 0 0,00% 0,00% Company: Vale Holdings B.V. Beginning balance Type of security Characteristic of the security Quantity % Same class of shares Total capital ADS VALE 165.379.611 3,64% 3,64% Movements Type of security Characteristic of the security Intermediate Operation Date Quantity Average price (Daily) Volume (R$) - - - - - - - - Ending balance Type of security Characteristic of the security Quantity % Same class of shares Total capital ADS VALE 165.379.611 3,64% 3,64%

 

 

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.

 

 	Vale S.A. (Registrant)  
 	 
 	By:	/s/ Thiago Lofiego
Date: July 10, 2025	 	Director of Investor Relations

 

FAQ

How many QSR common shares does CEO Joshua Kobza now own?

The Form 4 lists 966,501.5173 common shares held directly.

What size and price are the new stock options granted to Kobza?

He holds 200,000 options with an exercise price of US$56.92, expiring 04 May 2027.

How many performance share units were added on 08 July 2025?

Dividend equivalents increased performance share units by 5,500.329 units across three PSU awards.

When will the 2024 PSU award vest?

If performance targets are met, the 2024 PSUs vest on 15 March 2027.

What is the conversion feature of the 5,413 exchangeable units?

Each unit can convert into one QSR common share or cash at the company’s discretion and has no expiration date.