Liberty Broadband (LBRDA) CEO details RSU conversion and 7,767-share tax settlement
Rhea-AI Filing Summary
Liberty Broadband Corp President and CEO Martin Edward Patterson reported equity award-related transactions in Liberty Broadband Series C Common Stock. On August 10, 2026, 414 restricted stock units converted into 414 shares of Series C Common Stock, in connection with an Agreement and Plan of Merger with Charter Communications, Inc. that provides for accelerated vesting within 10 business days of August 19, 2026. On the same date, 7,767 shares of Series C Common Stock were delivered or withheld at $35.88 per share for payment of exercise price or tax liability.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,353 shares
Net Sell
3 txns
Insider
Patterson Martin Edward
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units-LBRDK F2, F3 | 414 | $0.00 | $0.00 |
| Exercise | Series C Common Stock F1 | 414 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Series C Common Stock | 7,767 | $35.88 | $279K |
Holdings After Transaction:
Restricted Stock Units-LBRDK — 0 shares (Direct);
Series C Common Stock — 12,085 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit converted into one share of Series C Common Stock.
- F2. Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.
- F3. On November 12, 2024, the Issuer and Charter Communications, Inc. ("Charter"), among others, entered into an Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the Merger Agreement, restricted stock units of the Issuer shall automatically become fully vested, within 10 business days of the closing of the merger contemplated therein (the "Acceleration"). The Issuer and Charter entered into a consent letter pursuant to which the parties agreed to permit such Acceleration to occur within 10 business days of August 19, 2026.
Key Figures
RSUs converted: 414 shares
Shares delivered/withheld: 7,767 shares
Per-share value for tax/exercise: $35.88 per share
+2 more
5 metrics
RSUs converted
414 shares
Restricted stock units converted into Series C Common Stock on August 10, 2026
Shares delivered/withheld
7,767 shares
Series C Common Stock delivered or withheld for exercise price or tax liability
Per-share value for tax/exercise
$35.88 per share
Price applied to 7,767-share delivery/withholding on August 10, 2026
RSU conversion ratio
1:1
Each restricted stock unit converted into one share of Series C Common Stock
Acceleration window
10 business days
RSUs to become fully vested within 10 business days of August 19, 2026
Key Terms
Restricted Stock Units, Series C Common Stock, Agreement and Plan of Merger, Payment of exercise price or tax liability, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Series C Common Stock financial
"converted into one share of Series C Common Stock"
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.
Agreement and Plan of Merger regulatory
"entered into an Agreement and Plan of Merger (the "Merger Agreement")"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
Acceleration financial
"permitted such Acceleration to occur within 10 business days"
FAQ
What did Liberty Broadband (LBRDA) CEO Martin Patterson report in this Form 4?
Martin Edward Patterson reported equity award-related transactions on August 10, 2026, including RSUs converting into Series C Common Stock and shares delivered or withheld to cover exercise price or tax liability.
How many Liberty Broadband (LBRDA) RSUs converted to stock for the CEO?
A total of 414 restricted stock units converted into 414 shares of Liberty Broadband Series C Common Stock, as part of equity awards linked to the company’s Agreement and Plan of Merger with Charter Communications, Inc.
How is the Liberty Broadband (LBRDA) merger with Charter referenced in this Form 4?
A footnote explains an Agreement and Plan of Merger with Charter, under which Liberty Broadband restricted stock units automatically become fully vested within 10 business days of the merger-related date of August 19, 2026.
Were Liberty Broadband (LBRDA) CEO’s transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked, and no footnote indicates a trading plan, so these reported transactions are not identified as occurring under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
