Liberty Global (LBTYA) CFO exercises RSUs, uses shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liberty Global Ltd. EVP & CFO Charles H R Bracken reported routine equity compensation activity involving Class A and Class C shares. On May 1, 2026 he exercised derivative awards to acquire 53,450 Class A Common Shares and 71,256 Class C Common Shares, both at a stated price of $0.0000 per share. To cover tax obligations, the company withheld 25,123 Class A shares at $11.96 per share and 33,492 Class C shares at $11.77 per share in tax-withholding dispositions, rather than open-market sales. After these transactions, he directly held 98,087 Class A shares and 115,893 Class C shares, and indirectly held 110,206 Class A shares through Charlouise Ltd., which he controls.
Positive
- None.
Negative
- None.
Insider Trade Summary
124,706 shares exercised/converted
Mixed
11 txns
Insider
BRACKEN CHARLES H R
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units A | 17,808 | $0.00 | -- |
| Exercise | Restricted Share Units C | 35,614 | $0.00 | -- |
| Exercise | Restricted Share Units A | 18,044 | $0.00 | -- |
| Exercise | Restricted Share Units C | 18,044 | $0.00 | -- |
| Exercise | Restricted Share Units A | 17,598 | $0.00 | -- |
| Exercise | Restricted Share Units C | 17,598 | $0.00 | -- |
| Exercise | Class A Common Shares | 53,450 | $0.00 | -- |
| Tax Withholding | Class A Common Shares | 25,123 | $11.96 | $300K |
| Exercise | Class C Common Shares | 71,256 | $0.00 | -- |
| Tax Withholding | Class C Common Shares | 33,492 | $11.77 | $394K |
| holding | Class A Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units A — 0 shares (Direct, null);
Restricted Share Units C — 0 shares (Direct, null);
Class A Common Shares — 98,087 shares (Direct, null);
Class C Common Shares — 115,893 shares (Direct, null);
Class A Common Shares — 110,206 shares (Indirect, held by Charlouise Ltd.)
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 Charlouise Ltd., which is controlled by the Reporting Person. 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
Class A shares acquired: 53,450 shares
Class C shares acquired: 71,256 shares
Class A shares withheld for tax: 25,123 shares at $11.96
+5 more
8 metrics
Class A shares acquired
53,450 shares
Derivative exercise of Class A Common Shares on May 1, 2026
Class C shares acquired
71,256 shares
Derivative exercise of Class C Common Shares on May 1, 2026
Class A shares withheld for tax
25,123 shares at $11.96
Tax-withholding disposition of Class A Common Shares
Class C shares withheld for tax
33,492 shares at $11.77
Tax-withholding disposition of Class C Common Shares
Direct Class A holdings after
98,087 shares
Total Class A Common Shares directly held post-transaction
Direct Class C holdings after
115,893 shares
Total Class C Common Shares directly held post-transaction
Indirect Class A holdings
110,206 shares
Class A Common Shares held via Charlouise Ltd.
Tax-withholding shares total
58,615 shares
Aggregate F-code tax-withholding dispositions
Key Terms
Restricted Share Unit ("RSU"), tax-withholding disposition, derivative exercise/conversion, derivative security, +2 more
6 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""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
""ownership_type": "indirect""
vest in three equal annual installments financial
"The RSUs vest in three equal annual installments commencing on May 1"
FAQ
What did Liberty Global (LBTYA) CFO Charles Bracken report in this Form 4?
He reported exercising equity awards to receive Class A and Class C shares and using share withholding to cover taxes. The filing reflects compensation-related derivative exercises and tax-withholding dispositions, not open-market stock purchases or sales.