Liberty Latin America adds RSUs on Series A preferred

BRACKEN CHARLES H R reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

BRACKEN CHARLES H R reported acquisition or exercise transactions in this Form 4 filing.

Liberty Latin America Ltd. reported that director Charles H. R. Bracken received 1,935 Restricted Share Units P, each representing one Series A Preference Share, created through anti-dilution adjustments tied to a special dividend of 0.10 Series A Preference Shares per common share. His existing fully vested share appreciation rights now cover 69,701 Class C shares at $14.56 and 33,902 Class A shares at $15.10, all adjusted under Rule 16b-3.

Insider Trade Summary

Other: 1,935 shares

Other 3 txns

Insider BRACKEN CHARLES H R

Role Director

Type	Security	Shares	Price	Value
Other	Restricted Share Units P F1, F2, F3	1,935	$0.00	$0.00
holding	Share Appreciation Rights A F4, F5	--	--	--
holding	Share Appreciation Rights C F4, F6	--	--	--

Holdings After Transaction: Restricted Share Units P — 1,935 contracts (Direct); Share Appreciation Rights A — 33,902 contracts (Direct); Share Appreciation Rights C — 69,701 contracts (Direct)

Footnotes (6)

1. F1. Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement.
2. F2. In connection with the Dividend (as defined in Remarks), 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 Issuer's board of directors pursuant to Rule 16b-3.
3. F3. The RSUs vest in three equal annual installments on March 15, 2027.
4. F4. The derivative security is fully vested.
5. F5. This share appreciation right award ("SAR") was previously reported as a SAR relating to 23,708 shares of the Issuer's common stock at a base price of $21.58 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
6. F6. This SAR was previously reported as a SAR relating to 47,416 shares of the Issuer's common stock at a base price of $21.39 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.

Key Figures

Restricted Share Units P: 1,935 units Special dividend rate: 0.10 shares Series A liquidation price: $25 per share +5 more

8 metrics

Restricted Share Units P 1,935 units RSUs on Series A Preference Shares acquired by Charles H. R. Bracken

Special dividend rate 0.10 shares Series A Preference Shares per outstanding common share

Series A liquidation price $25 per share Initial liquidation price of Series A Preference Shares

Series A coupon 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares

SARs on Class C 69,701 shares at $14.56 Underlying Class C Common Shares and exercise price, expiring 2028-01-02

SARs on Class A 33,902 shares at $15.10 Underlying Class A Common Shares and exercise price, expiring 2028-01-02

RSU vesting date March 15, 2027 RSUs vest in three equal annual installments on this date

Record date time 5:00 p.m. New York City time on June 1, 2026 for special dividend record holders

Key Terms

Restricted Share Units, Share Appreciation Rights, anti-dilution provisions, Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares, +1 more

5 terms

Restricted Share Units financial

"Each Restricted Share Unit P represents a right to receive one share"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Share Appreciation Rights financial

"This share appreciation right award was previously reported as a SAR"

Share appreciation rights (SARs) are a type of employee award that gives the holder a cash payment or stock equal to the increase in a company's share price over a set period, without requiring the employee to buy shares. For investors, SARs are important because they create a potential future cash outflow or share dilution tied directly to stock performance—like a bonus that grows when the stock goes up—so they affect company cash needs and share count.

anti-dilution provisions financial

"all 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.

Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares financial

"0.10 shares of newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares"

Rule 16b-3 regulatory

"These adjustments were approved by the Issuer's board of directors 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 RSU changes did Liberty Latin America (LILA) report for Charles Bracken?

Liberty Latin America reported that Charles H. R. Bracken received 1,935 Restricted Share Units P, each for one Series A Preference Share. These RSUs were created via anti-dilution adjustments to existing RSUs following a special dividend and will vest in three equal annual installments on March 15, 2027.

How is Liberty Latin America (LILA) structuring its special Series A preferred dividend?

Liberty Latin America declared a special dividend of 0.10 Series A Preference Shares per outstanding common share. The Series A Preference Shares carry a 9.0% fixed rate and an initial liquidation price of $25 per share, payable June 16, 2026 to holders of record on June 1, 2026.

How were Charles Bracken’s share appreciation rights adjusted at Liberty Latin America (LILA)?

Charles Bracken’s share appreciation rights were adjusted under anti-dilution provisions related to the special dividend. He now holds SARs over 69,701 Class C shares at $14.56 and 33,902 Class A shares at $15.10, with the derivative securities reported as fully vested.

When do the new Liberty Latin America (LILA) RSUs on Series A Preference Shares vest?

The newly reported RSUs on Series A Preference Shares for Charles Bracken vest in three equal annual installments on March 15, 2027. These RSUs resulted from anti-dilution adjustments to his original RSUs following the company’s special preferred share dividend.

What was the impact of the special dividend on Liberty Latin America (LILA) RSUs and SARs?

In connection with the special dividend, all RSUs and SARs tied to Liberty Latin America common shares were adjusted under anti-dilution provisions. Holders received RSUs on Preferred Shares equal to 0.10 times original RSU shares, and SAR share counts and base prices were recalibrated under Rule 16b-3 approvals.

What preferred share terms did Liberty Latin America (LILA) disclose with the dividend?

Liberty Latin America’s Series A Preference Shares carry a 9.0% Fixed Rate Cumulative Perpetual Redeemable feature and an initial liquidation price of $25 each. They trade under the symbol LILAP and are being distributed as a stock dividend to common shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/17/2026 - 08:12 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BRACKEN CHARLES H R

(Last) (First) (Middle)

C/O LIBERTY LATIN AMERICA LTD.

1550 WEWATTA STREET, SUITE 800

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Liberty Latin America Ltd. [ LILA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units P	(1)	06/17/2026		J	V	1,935(2)		(3)	(3)	Series A Preference Shares	1,935(2)	$0	1,935	D
Share Appreciation Rights A	$15.1							(4)	01/02/2028	Class A Common Shares	33,902(5)		33,902	D
Share Appreciation Rights C	$14.56							(4)	01/02/2028	Class C Common Shares	69,701(6)		69,701	D

Explanation of Responses:

1. Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement.

2. In connection with the Dividend (as defined in Remarks), 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 Issuer's board of directors pursuant to Rule 16b-3.

3. The RSUs vest in three equal annual installments on March 15, 2027.

4. The derivative security is fully vested.

5. This share appreciation right award ("SAR") was previously reported as a SAR relating to 23,708 shares of the Issuer's common stock at a base price of $21.58 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.

6. This SAR was previously reported as a SAR relating to 47,416 shares of the Issuer's common stock at a base price of $21.39 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.

Remarks:

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 "Series A Preference Shares"), having an initial liquidation price of $25 per Preferred Share (the "Dividend"). The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK, and the trading symbol for the Issuer's Series A Preference Shares is LILAP.

	/s/ John M. Winter, Attorney-in-Fact	07/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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* Form 4: SEC 1474 (03-26)