Liberty Latin America director granted 81,300 preferred shares
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Form Type
4
Rhea-AI Filing Summary
Liberty Latin America Ltd. director Paul A. Gould reported acquiring 81,300 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares through a special dividend of 0.10 Preferred Share per common share, each with a $25 initial liquidation price. In connection with this dividend, his common-stock restricted share units were adjusted under anti-dilution provisions, creating 1,935 Restricted Share Units P, each representing one Series A Preference Share. He now directly holds these Preferred Shares and RSUs linked to the same class.
Insider Trade Summary
Other: 83,235 shares
Other
2 txns
Insider
GOULD PAUL A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Share Units P F2, F3 | 1,935 | $0.00 | $0.00 |
| Other | Series A Preference Shares F1 | 81,300 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Units P — 1,935 contracts (Direct);
Series A Preference Shares — 81,300 shares (Direct)
Footnotes (3)
- F1. 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 81,300 Preferred Shares.
- F2. Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement.
- F3. 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.
Key Figures
Preferred Shares received: 81,300 shares
Dividend rate per common share: 0.10 share
Initial liquidation price: $25 per Preferred Share
+4 more
7 metrics
Preferred Shares received
81,300 shares
Special dividend of Series A Preferred Shares to the reporting director
Dividend rate per common share
0.10 share
Preferred Shares issued per outstanding common share in the special dividend
Initial liquidation price
$25 per Preferred Share
Stated liquidation value for the 9.0% Series A Preferred Shares
Restricted Share Units P
1,935 units
RSUs representing Series A Preference Shares after anti-dilution adjustment
Dividend payment date
June 16, 2026
Payable date for the special dividend on Preferred Shares
Dividend record time
5:00 p.m. on June 1, 2026
Record time for holders eligible to receive the special dividend
Preferred dividend rate
9.0%
Fixed rate on the Series A Preferred Shares issued as the dividend
Key Terms
9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares, Restricted Share Unit P, anti-dilution provisions, Rule 16b-3
4 terms
anti-dilution provisions financial
"RSUs with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions"
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 of the Issuer's board 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Paul A. Gould report for Liberty Latin America (LILA)?
Paul A. Gould reported acquiring 81,300 Series A Preferred Shares via a special dividend and receiving 1,935 Restricted Share Units tied to that class. Both positions stem from board-approved corporate actions rather than open-market trading activity.
Why were Paul A. Gould's Liberty Latin America RSUs adjusted?
His common-stock RSUs were adjusted under the incentive plans' anti-dilution provisions in connection with the special dividend. Each original RSU generated an RSU for Preferred Shares equal to 0.10 of the underlying common shares, approved under Rule 16b-3 by the compensation committee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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