Liberty Broadband (LBRDA) CAO converts 1,461 RSUs and withholds shares for taxes
Rhea-AI Filing Summary
Liberty Broadband Corp officer Brian J. Wendling (CAO/PFO) reported the automatic vesting and conversion of 1,461 restricted stock units into an equal number of shares of Series C Common Stock on August 10, 2026, following an acceleration provision tied to a previously signed merger agreement with Charter Communications, Inc.
Of the shares received, 498 shares of Series C Common Stock were delivered or withheld at a price of $35.88 per share for payment of exercise price or tax liability. The Rule 10b5-1 checkbox was not marked as being pursuant to a trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 963 shares
Net Buy
3 txns
Insider
Wendling Brian J
Role
CAO/PFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units-LBRDK F2, F3 | 1,461 | $0.00 | $0.00 |
| Exercise | Series C Common Stock F1 | 1,461 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Series C Common Stock | 498 | $35.88 | $18K |
Holdings After Transaction:
Restricted Stock Units-LBRDK — 0 shares (Direct);
Series C Common Stock — 15,518 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: 1,461 shares
Shares delivered/withheld: 498 shares
Per-share price for withholding: $35.88 per share
+2 more
5 metrics
RSUs converted
1,461 shares
Restricted Stock Units converted into Series C Common Stock on August 10, 2026
Shares delivered/withheld
498 shares
Series C Common Stock delivered or withheld for exercise price or tax liability
Per-share price for withholding
$35.88 per share
Price used for 498 shares delivered or withheld for exercise price or tax liability
Exercise/Conversion transactions
1 transaction
Derivative exercise or conversion reported with code M
Exercise price or tax dispositions
1 transaction; 498 shares
Code F disposition for payment of exercise price or tax liability
Key Terms
Restricted Stock Units, Series C Common Stock, Agreement and Plan of Merger, Rule 10b5-1, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit converted into one share of Series C Common Stock."
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
"Each restricted stock unit 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.
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox was not marked as being pursuant to a trading plan."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What insider transactions did Liberty Broadband (LBRDA) report for Brian J. Wendling?
Brian J. Wendling reported conversion of 1,461 restricted stock units into Series C Common Stock on August 10, 2026, with 498 shares delivered or withheld to cover exercise price or tax liability.
How many Liberty Broadband (LBRDA) RSUs vested and converted in this Form 4?
A total of 1,461 restricted stock units vested and converted into 1,461 shares of Series C Common Stock. Each restricted stock unit converted into one share as disclosed in the transaction footnotes.
Was the Liberty Broadband (LBRDA) insider transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. The transactions are instead linked to automatic vesting and conversion under merger-related acceleration provisions.
How is the Liberty Broadband (LBRDA) merger with Charter referenced in this Form 4?
A footnote states an Agreement and Plan of Merger with Charter Communications, Inc. provides that restricted stock units become fully vested within 10 business days of a specified date, explaining the August 10, 2026 acceleration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
