Liberty Latin America (LILA) insider gains preferred shares and RSUs
Rhea-AI Filing Summary
Liberty Latin America Ltd. executive Aamir Hussain reported acquiring 60,770 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares on June 16, 2026, through a special dividend of 0.10 Preferred Share per outstanding common share. He was also credited with Restricted Share Units P tied to Series A Preference Shares as anti-dilution adjustments to existing RSUs, vesting between 2027 and 2029 and approved by the compensation committee under Rule 16b-3.
The filing also details multiple Share Appreciation Rights on Class A and Class C common shares, including rights over 322,682 Class C shares at a $5.29 exercise price and 156,951 Class A shares at $5.31, along with other SAR positions at different exercise prices with expirations through 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Hussain Aamir
Role
SVP, CT&PO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Share Units P | 7,086 | $0.00 | -- |
| Other | Restricted Share Units P | 13,458 | $0.00 | -- |
| Other | Restricted Share Units P | 17,419 | $0.00 | -- |
| Other | Series A Preference Shares | 60,770 | $0.00 | -- |
| holding | Share Appreciation Rights A | -- | -- | -- |
| holding | Share Appreciation Rights C | -- | -- | -- |
| holding | Share Appreciation Rights A | -- | -- | -- |
| holding | Share Appreciation Rights C | -- | -- | -- |
| holding | Share Appreciation Rights A | -- | -- | -- |
| holding | Share Appreciation Rights C | -- | -- | -- |
| holding | Share Appreciation Rights A | -- | -- | -- |
| holding | Share Appreciation Rights C | -- | -- | -- |
| holding | Share Appreciation Rights A | -- | -- | -- |
| holding | Share Appreciation Rights C | -- | -- | -- |
| holding | Share Appreciation Rights A | -- | -- | -- |
| holding | Share Appreciation Rights C | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units P — 7,086 shares (Direct);
Series A Preference Shares — 60,770 shares (Direct);
Share Appreciation Rights A — 148,854 shares (Direct);
Share Appreciation Rights C — 306,036 shares (Direct)
Footnotes (1)
- On May 21, 2026, the Issuer announced that an authorized committee of the Issuer's board of directors declared a special dividend on each of its outstanding common shares payable on June 16, 2026 to all holders of record as of 5:00 p.m., New York City time, on June 1, 2026 consisting of a special dividend of 0.10 shares of newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares (the "Preferred Shares"), having an initial liquidation price of $25 per Preferred Share (the "Dividend"). As a result of the Dividend, the reporting person directly received 60,770 Preferred Shares. Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement. In connection with the Dividend, all RSUs with respect to the Issuer's common stock ("Original RSUs") were adjusted pursuant to the anti-dilution provisions of the incentive plans under which the RSU awards held by the reporting person were granted. Each holder of an Original RSU was entitled to receive an RSU with respect to a number of Preferred Shares equal to 0.10 multiplied by the number of shares of common stock underlying the Original RSU, subject to the same terms and conditions as the Original RSU. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. The Restricted Share Units vest in full on March 15, 2027. The RSUs vest in two equal annual installments on March 15 of 2027 and 2028. The RSUs vest in three equal annual installments on March 15 of 2027, 2028 and 2029. The derivative security is fully vested. This share appreciation right award ("SAR") was previously reported as a SAR relating to 104,094 shares of the Issuer's common stock at a base price of $10.75 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. This share appreciation right award ("SAR") was previously reported as a SAR relating to 208,188 shares of the Issuer's common stock at a base price of $10.70 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. This share appreciation right award ("SAR") was previously reported as a SAR relating to 100,000 shares of the Issuer's common stock at a base price of $10.75 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. This share appreciation right award ("SAR") was previously reported as a SAR relating to 200,000 shares of the Issuer's common stock at a base price of $10.70 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. This share appreciation right award ("SAR") was previously reported as a SAR relating to 108,147 shares of the Issuer's common stock at a base price of $7.81 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. This share appreciation right award ("SAR") was previously reported as a SAR relating to 216,294 shares of the Issuer's common stock at a base price of $7.78 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. The SARs vest in full on March 15 2027. This share appreciation right award ("SAR") was previously reported as a SAR relating to 134,128 shares of the Issuer's common stock at a base price of $6.16 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. This share appreciation right award ("SAR") was previously reported as a SAR relating to 268,256 shares of the Issuer's common stock at a base price of $6.22 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. The SARs vest in two equal annual installments on March 15 of 2027 and 2028. This share appreciation right award ("SAR") was previously reported as a SAR relating to 123,967 shares of the Issuer's common stock at a base price of $6.69 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. This share appreciation right award ("SAR") was previously reported as a SAR relating to 247,933 shares of the Issuer's common stock at a base price of $6.66 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. The Share Appreciation Rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029. This share appreciation right award ("SAR") was previously reported as a SAR relating to 109,756 shares of the Issuer's common stock at a base price of $7.58 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3. This share appreciation right award ("SAR") was previously reported as a SAR relating to 219,512 shares of the Issuer's common stock at a base price of $7.77 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
Key Figures
Preferred shares received: 60,770 shares
Restricted Share Units P (single block): 17,419 units
Restricted Share Units P (two-year vesting): 13,458 units
+5 more
8 metrics
Preferred shares received
60,770 shares
Series A Preferred Shares received directly as a special dividend on June 16, 2026
Restricted Share Units P (single block)
17,419 units
RSUs P tied to Series A Preference Shares vesting in full on March 15, 2027
Restricted Share Units P (two-year vesting)
13,458 units
RSUs P vesting in two equal annual installments on March 15 of 2027 and 2028
Restricted Share Units P (three-year vesting)
7,086 units
RSUs P vesting in three equal annual installments on March 15 of 2027, 2028 and 2029
Share Appreciation Rights C position
322,682 underlying shares
Class C SARs with a $5.29 exercise price expiring on March 13, 2036
Share Appreciation Rights A position
156,951 underlying shares
Class A SARs with a $5.31 exercise price expiring on March 13, 2036
Preferred share liquidation price
$25 per share
Initial liquidation price for the 9.0% Series A Preferred Shares distributed as the dividend
Special dividend rate
0.10 shares per common share
Rate of Series A Preferred Shares paid as a special dividend on each outstanding common share
Key Terms
Restricted Share Unit, Share Appreciation Right, anti-dilution provisions, Rule 16b-3, +1 more
5 terms
anti-dilution provisions financial
"were adjusted pursuant to the anti-dilution provisions of the incentive plan"
Anti-dilution provisions are contract terms that protect an investor’s percentage ownership when a company issues new shares at a lower price than the investor originally paid. They work like an automatic recalculation of split pieces when a pie gets cut into more slices, preserving the investor’s relative stake and reducing unexpected losses of ownership and voting power, which matters because it affects potential control, future returns, and valuation of an investment.
Rule 16b-3 regulatory
"These adjustments were approved by the compensation committee... pursuant to Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
liquidation price financial
"having an initial liquidation price of $25 per Preferred Share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Liberty Latin America (LILA) insider Aamir Hussain acquire in this Form 4?
Aamir Hussain directly received 60,770 Series A Preferred Shares on June 16, 2026, as a special stock dividend. He also was credited with additional Restricted Share Units P tied to Series A Preference Shares as anti-dilution adjustments to his existing RSU awards.
What are the terms of Liberty Latin America (LILA) special dividend mentioned here?
An authorized board committee declared a special dividend of 0.10 newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Share per outstanding common share. It is payable on June 16, 2026 to holders of record at 5:00 p.m. New York City time on June 1, 2026.
How were Aamir Hussain’s RSUs adjusted at Liberty Latin America (LILA)?
All RSUs on Liberty Latin America common stock were adjusted under anti-dilution provisions. For each Original RSU, Hussain received an RSU for Preferred Shares equal to 0.10 times the underlying common shares, including blocks of 17,419, 13,458 and 7,086 RSUs P with vesting from 2027 to 2029.
Were the Liberty Latin America (LILA) award adjustments approved under Rule 16b-3?
Yes. Footnotes state that adjustments to both RSUs and Share Appreciation Rights made in connection with the special dividend were approved by the issuer’s compensation committee pursuant to Rule 16b-3, covering the anti-dilution changes in share numbers and base prices.