Liberty Latin America (LILA) director gets 12,216 Series A preferred shares
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,216 shares
Net Buy
2 txns
Insider
CURTIS MIRANDA
Role
Director
| 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 |
Holdings After Transaction:
Restricted Share Units P — 1,935 shares (Direct);
Series A Preference Shares — 12,216 shares (Direct)
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
Preferred shares received: 12,216 shares
Special dividend rate: 0.10 share per common share
Initial liquidation price: $25 per Preferred Share
+3 more
6 metrics
Preferred shares received
12,216 shares
Series A Preferred Shares received directly via special dividend on June 16, 2026
Special dividend rate
0.10 share per common share
Rate of Series A Preferred Share dividend declared by authorized committee on May 21, 2026
Initial liquidation price
$25 per Preferred Share
Initial liquidation price of newly issued 9.0% Series A Preferred Shares
Restricted Share Units P granted
1,935 units
RSUs representing Series A Preference Shares added via anti-dilution adjustment on June 17, 2026
Preferred dividend rate
9.0%
Fixed rate on the Series A Fixed Rate Cumulative Perpetual Redeemable Preferred Shares
Dividend record date and time
June 1, 2026, 5:00 p.m. New York City time
Record time for eligibility to receive the preferred share special dividend
Key Terms
Restricted Share Unit, anti-dilution provisions, Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares, liquidation price, +1 more
5 terms
anti-dilution provisions financial
"RSUs were adjusted pursuant to the anti-dilution provisions of the incentive plans"
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.
liquidation price financial
"having an initial liquidation price of $25 per Preferred Share"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Liberty Latin America (LILA) director Curtis Miranda report?
Director Curtis Miranda reported acquiring 12,216 Series A Preferred Shares via a special dividend and 1,935 Restricted Share Units P representing Series A Preference Shares. Both transactions were coded as J (other acquisition or disposition).
How were Curtis Miranda's RSUs adjusted after Liberty Latin America (LILA)'s special dividend?
Miranda received 1,935 new Restricted Share Units P, each for one Series A Preference Share. They resulted from anti-dilution adjustments, granting 0.10 preferred-share RSU for each common-share RSU and retaining the same terms and conditions as the original RSUs.
What is the vesting schedule for Curtis Miranda's new RSUs tied to Liberty Latin America (LILA) preferred shares?
The filing states that the Restricted Share Units P vest in three equal annual installments on March 15, 2027. These RSUs mirror the vesting terms and other conditions of Miranda’s original RSU awards on Liberty Latin America common stock.