Liberty Latin America director receives preferred shares
Liberty Latin America Ltd. director Brendan J. Paddick reported two non‑cash acquisitions tied to a special dividend of 9.0% Series A Preferred Shares.
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Form Type
4
Rhea-AI Filing Summary
Liberty Latin America Ltd. director Brendan J. Paddick reported two non‑cash acquisitions tied to a special dividend of 9.0% Series A Preferred Shares. He directly received 344,367 Preferred Shares through a 0.10‑per‑share special dividend and was credited 1,935 Restricted Share Units P for Series A Preference Shares, which vest in full on March 15, 2027 under anti‑dilution adjustments.
Insider Trade Summary
Other: 346,302 shares
Other
2 txns
Insider
PADDICK BRENDAN J
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 | 344,367 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Units P — 1,935 contracts (Direct);
Series A Preference Shares — 344,367 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 344,367 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 Restricted Share Units vest in full on March 15, 2027.
Key Figures
Series A Preferred Shares received: 344,367 shares
Restricted Share Units P granted: 1,935 units
Special dividend ratio: 0.10 shares
+2 more
5 metrics
Series A Preferred Shares received
344,367 shares
Special dividend paid June 16, 2026 on each outstanding common share
Restricted Share Units P granted
1,935 units
RSUs for Series A Preference Shares vesting March 15, 2027
Special dividend ratio
0.10 shares
Preferred Shares per outstanding common share in special dividend
Preferred share dividend rate
9.0%
Fixed rate on Series A Preferred Shares issued in the dividend
Initial liquidation price
$25 per share
Initial liquidation price of Series A Preferred Shares
Key Terms
Restricted Share Units P, anti-dilution provisions, Rule 16b-3, Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares
4 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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Brendan J. Paddick report for Liberty Latin America (LILA)?
Brendan J. Paddick reported two non‑cash acquisitions: 344,367 Series A Preferred Shares received via a special share dividend and 1,935 Restricted Share Units P tied to Series A Preference Shares, created through anti‑dilution adjustments and vesting on March 15, 2027.
Were Brendan J. Paddick’s reported Liberty Latin America (LILA) transactions under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5‑1 checkbox was not affirmed, so these reported acquisitions were not disclosed as being made under a Rule 10b5‑1 trading plan. They instead reflect a special dividend and associated RSU anti‑dilution adjustments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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