Liberty Broadband (LBRDA) CEO gets 16,722 performance-based Series C shares
Rhea-AI Filing Summary
Liberty Broadband Corp President and CEO Martin Edward Patterson reported an acquisition of 16,722 shares of Series C Common Stock on August 5, 2026. According to the filing, these shares are to be issued after certification that performance criteria for performance-based restricted stock units granted on August 21, 2025 were satisfied.
Following this award, Patterson directly holds 19,438 shares of Series C Common Stock at a reported transaction price of $0.0000 per share, reflecting equity compensation rather than an open-market purchase.
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Insider Trade Summary
Net Buyer: 16,722 shares
Net Buy
1 txn
Insider
Patterson Martin Edward
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series C Common Stock F1 | 16,722 | $0.00 | $0.00 |
Holdings After Transaction:
Series C Common Stock — 19,438 shares (Direct)
Footnotes (1)
- F1. Represents shares of Series C Common Stock to be issued as a result of the certification on August 5, 2026 of the satisfaction of performance criteria established for the performance-based restricted stock units granted to the reporting person on August 21, 2025.
Key Figures
Shares acquired: 16,722 shares
Shares owned after transaction: 19,438 shares
Reported transaction price: $0.0000 per share
+2 more
5 metrics
Shares acquired
16,722 shares
Series C Common Stock awarded upon performance certification on August 5, 2026
Shares owned after transaction
19,438 shares
Direct holdings of CEO Martin Edward Patterson following the award
Reported transaction price
$0.0000 per share
Price reported for the equity award of Series C Common Stock
Certification date
August 5, 2026
Date performance criteria for the performance-based RSUs were certified as satisfied
Original RSU grant date
August 21, 2025
Grant date of the performance-based restricted stock units that led to the share issuance
Key Terms
Series C Common Stock, performance-based restricted stock units, performance criteria
3 terms
Series C Common Stock financial
"Represents shares of Series C Common Stock to be issued as a result of the certification"
Series C common stock is a specific class of a company’s ordinary shares that is labeled “Series C” to distinguish its rights and history from other share classes. Investors should care because these shares can carry different voting power, dividend rules, or priority if the company is sold, so owning Series C is like having a particular model of a product with slightly different features that affect control, payout and value compared with other share classes.
performance-based restricted stock units financial
"performance criteria established for the performance-based restricted stock units granted to the reporting person"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
performance criteria financial
"certification on August 5, 2026 of the satisfaction of performance criteria established for the units"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Liberty Broadband (LBRDA) report for its CEO?
Liberty Broadband reported that CEO Martin Edward Patterson acquired 16,722 shares of Series C Common Stock. The shares relate to performance-based restricted stock units whose performance criteria were certified as satisfied on August 5, 2026, triggering the share issuance.
Was the Liberty Broadband (LBRDA) CEO’s Form 4 transaction an open-market stock purchase?
No. The Form 4 shows the CEO’s acquisition of 16,722 shares at a reported price of $0.0000 per share. The shares are being issued as equity compensation tied to performance-based restricted stock units, not bought in the open market.
Does the Liberty Broadband (LBRDA) CEO’s Form 4 indicate a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox in the filing is not marked as affirmative. The reported transaction is an equity award based on certified performance criteria, rather than a scheduled purchase or sale under a Rule 10b5-1 trading plan.