Liberty Global (LBTYA) SVP exercises 40K RSUs and sells 26K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liberty Global Ltd. SVP & CAO Jason Waldron reported a combination of equity awards vesting, tax withholding, and share sales. On May 1, 2026, he exercised derivative awards to acquire a total of 39,904 shares of Class A and Class C common stock through multiple M-code transactions, all at a stated price of $0.00 per share, reflecting conversions of Restricted Share Units into common shares.
On the same date, the Jason R. Waldron Revocable Trust, of which he is trustee, disposed of 17,461 shares (Class A and C combined) in F-code tax-withholding transactions, covering tax obligations rather than open-market sales. On May 5, 2026, the trust completed open-market S-code sales of 11,560 Class A shares at a weighted average price of $11.9097 and 14,751 Class C shares at a weighted average price of $11.6195.
Following these transactions, the trust held 10,864 Class A and 14,079 Class C common shares indirectly, while Waldron also reported 7,941 Class A and 7,941 Class C shares held directly. The Form 4 reflects a net sale of 26,311 shares, largely offsetting part of the newly acquired shares from equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 26,311 shares ($309,075)
Net Sell
14 txns
Insider
Waldron Jason
Role
SVP & CAO
Sold
26,311 shs ($309K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Shares | 11,560 | $11.9097 | $138K |
| Sale | Class C Common Shares | 14,751 | $11.6195 | $171K |
| Exercise | Restricted Share Units A | 5,698 | $0.00 | -- |
| Exercise | Restricted Share Units C | 11,396 | $0.00 | -- |
| Exercise | Restricted Share Units A | 5,774 | $0.00 | -- |
| Exercise | Restricted Share Units C | 5,774 | $0.00 | -- |
| Exercise | Restricted Share Units A | 5,631 | $0.00 | -- |
| Exercise | Restricted Share Units C | 5,631 | $0.00 | -- |
| Exercise | Class A Common Shares | 17,103 | $0.00 | -- |
| Tax Withholding | Class A Common Shares | 7,484 | $11.96 | $90K |
| Exercise | Class C Common Shares | 22,801 | $0.00 | -- |
| Tax Withholding | Class C Common Shares | 9,977 | $11.77 | $117K |
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class C Common Shares | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares — 10,864 shares (Indirect, By Trust);
Class C Common Shares — 14,079 shares (Indirect, By Trust);
Restricted Share Units A — 0 shares (Direct, null);
Restricted Share Units C — 0 shares (Direct, null);
Class A Common Shares — 7,941 shares (Direct, null);
Class C Common Shares — 7,941 shares (Direct, null)
Footnotes (1)
- Each Restricted Share Unit ("RSU") represents a right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be. Shares are held by the Jason R. Waldron Revocable Trust, of which the Reporting Person is the trustee. The price reflects a weighted average of sales made at prices ranging from $11.895 to $11.925. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price. The price reflects a weighted average of sales made at prices ranging from $11.6002 to $11.63. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price. The RSUs vest in full on May 1, 2026. The RSUs vest in three equal annual installments commencing on May 1, 2025. The RSUs vest in three equal annual installments commencing on May 1, 2026.
Key Figures
Open-market shares sold: 26,311 shares
Class A sale price: $11.9097 per share
Class C sale price: $11.6195 per share
+4 more
7 metrics
Open-market shares sold
26,311 shares
Net S-code sales reported for May 5, 2026
Class A sale price
$11.9097 per share
Weighted average sale price for 11,560 Class A shares
Class C sale price
$11.6195 per share
Weighted average sale price for 14,751 Class C shares
RSUs exercised
39,904 shares
Total shares acquired via M-code derivative exercises
Tax-withholding shares
17,461 shares
F-code dispositions to cover tax liabilities
Indirect Class A holdings
10,864 shares
Trust’s Class A common shares after transactions
Indirect Class C holdings
14,079 shares
Trust’s Class C common shares after transactions
Key Terms
Restricted Share Unit ("RSU"), tax-withholding disposition, derivative exercise/conversion, weighted average, +1 more
5 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
weighted average financial
"The price reflects a weighted average of sales made at prices ranging"
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did Liberty Global (LBTYA) executive Jason Waldron do in this Form 4?
Jason Waldron reported equity award exercises, tax-related share dispositions, and open-market sales. He converted 39,904 Restricted Share Units into common shares, had 17,461 shares withheld for taxes, and the trust he controls sold 26,311 shares in open-market transactions.
What equity awards did Jason Waldron exercise in Liberty Global stock?
Waldron exercised derivative awards labeled as Restricted Share Units, acquiring 39,904 underlying Class A and Class C common shares on May 1, 2026. Each RSU represents a right to receive one common share, so these M-code entries reflect conversions of RSUs into actual stock.
What does the tax-withholding disposition in Jason Waldron’s Form 4 mean?
The Form 4 records F-code dispositions of 17,461 shares as payment of tax liabilities. In these transactions, shares were delivered to cover taxes related to vesting or exercises, rather than being sold in the open market, so they do not reflect discretionary selling.
What is the overall net effect of Jason Waldron’s Form 4 on his Liberty Global position?
The summary shows a net sale of 26,311 shares, while 39,904 shares were acquired through equity award exercises. This pattern indicates he realized liquidity on part of his newly delivered shares while retaining a meaningful remaining position in both Class A and Class C stock.