Liberty Latin America director gets preferred-share dividend
Liberty Latin America Ltd. director DE ANGOITIA ALFONSO reported acquiring Series A preferred-related interests.
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Rhea-AI Filing Summary
Liberty Latin America Ltd. director DE ANGOITIA ALFONSO reported acquiring Series A preferred-related interests. A special dividend of 0.10 Series A Preferred Share per common share resulted in receipt of 14,894 Preferred Shares. In a related anti-dilution adjustment, he also received 1,935 Restricted Share Units P linked to Series A Preference Shares, all held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Share Units P F2, F3 | 1,935 | $0.00 | $0.00 |
| Other | Series A Preference Shares F1 | 14,894 | $0.00 | $0.00 |
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 14,894 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
Key Terms
special dividend financial
anti-dilution provisions financial
Rule 16b-3 regulatory
FAQ
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What insider transactions did Liberty Latin America (LILA) disclose in this Form 4?
How were RSUs adjusted for Liberty Latin America (LILA) insiders after the special dividend?
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