Liberty Latin America director receives preferred shares
Liberty Latin America director Curtis Miranda reported acquisitions tied to a special preferred share dividend.
Rhea-AI Filing Summary
Liberty Latin America director Curtis Miranda reported acquisitions tied to a special preferred share dividend. On June 16, 2026 he directly received 12,216 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares through a special dividend of 0.10 preferred share per common share.
On June 17, 2026 his equity awards were adjusted under anti-dilution provisions, adding 1,935 Restricted Share Units P, each representing one Series A Preference Share. These RSUs vest in three equal annual installments on March 15, 2027 and carry the same terms and conditions as the original RSUs.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Share Units P F2, F3, F4 | 1,935 | $0.00 | $0.00 |
| Other | Series A Preference Shares F1 | 12,216 | $0.00 | $0.00 |
Footnotes (4)
- 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 12,216 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.
- F4. The RSUs vest in three equal annual installments on March 15, 2027.
Key Figures
Key Terms
anti-dilution provisions financial
liquidation price financial
Rule 16b-3 regulatory
FAQ
What insider transactions did Liberty Latin America (LILA) director Curtis Miranda report?
How were Curtis Miranda's RSUs adjusted after Liberty Latin America (LILA)'s special dividend?
What is the vesting schedule for Curtis Miranda's new RSUs tied to Liberty Latin America (LILA) preferred shares?
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