Liberty Latin CEO exercises and receives stock awards
Liberty Latin America Ltd. President and CEO Nair Balan reported a series of equity compensation transactions.
Rhea-AI Filing Summary
Liberty Latin America Ltd. President and CEO Nair Balan reported a series of equity compensation transactions. He received new grants of 206,452 Restricted Share Units tied to Class A shares, 412,904 RSUs tied to Class C shares, 390,244 Share Appreciation Rights on Class A at $7.58, and 780,488 SARs on Class C at $7.77.
Separately, he exercised equity awards covering 648,364 shares, converting them into Class A and Class C common shares. To cover tax obligations, 281,349 Class C shares were withheld at $7.77 per share. Following these transactions, he directly holds 1,363,173 Class A and 1,804,796 Class C common shares, plus additional indirect Class C holdings through a 401(k) plan and an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
648,364 shares exercised/converted
Exercise
21 txns
Insider
Nair Balan
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units A | 60,116 | $0.00 | $0.00 |
| Exercise | Restricted Share Units C | 120,232 | $0.00 | $0.00 |
| Exercise | Restricted Share Units A | 78,740 | $0.00 | $0.00 |
| Exercise | Restricted Share Units C | 157,480 | $0.00 | $0.00 |
| Exercise | Restricted Share Units A | 77,265 | $0.00 | $0.00 |
| Exercise | Restricted Share Units C | 154,531 | $0.00 | $0.00 |
| Exercise | Class A Common Shares | 60,116 | $0.00 | $0.00 |
| Exercise | Class A Common Shares | 78,740 | $0.00 | $0.00 |
| Exercise | Class A Common Shares | 77,265 | $0.00 | $0.00 |
| Exercise | Class C Common Shares | 120,232 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Common Shares | 78,260 | $7.77 | $608K |
| Exercise | Class C Common Shares | 157,480 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Common Shares | 102,504 | $7.77 | $796K |
| Exercise | Class C Common Shares | 154,531 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Common Shares | 100,585 | $7.77 | $782K |
| Grant/Award | Restricted Share Units A | 206,452 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units C | 412,904 | $0.00 | $0.00 |
| Grant/Award | Share Appreciation Rights A | 390,244 | $0.00 | $0.00 |
| Grant/Award | Share Appreciation Rights C | 780,488 | $0.00 | $0.00 |
| holding | Class C Common Shares | -- | -- | -- |
| holding | Class C Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units A — 439,722 contracts (Direct);
Restricted Share Units C — 879,444 contracts (Direct);
Share Appreciation Rights A — 390,244 contracts (Direct);
Share Appreciation Rights C — 780,488 contracts (Direct);
Class A Common Shares — 1,363,173 shares (Direct);
Class C Common Shares — 1,804,796 shares (Direct);
Class C Common Shares — 18,863 shares (Indirect, By 401(k) Plan);
Class C Common Shares — 1,139 shares (Indirect, By IRA)
Footnotes (6)
- F1. Each Restricted Share Unit represents a right to receive one share of the Issuer's Class A common shares or Class C common shares, as the case may be, at settlement.
- F2. The RSUs vest in three equal annual installments on March 15 of 2027, 2028 and 2029.
- F3. The Share Appreciation Rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029
- F4. The RSUs vest in three equal annual installments on March 15 of 2024, 2025 and 2026.
- F5. The RSUs vest in three equal annual installments on March 15 of 2025, 2026 and 2027.
- F6. The RSUs vest in three equal annual installments on March 15 of 2026, 2027 and 2028.
FAQ
What did Liberty Latin America (LILA) CEO Nair Balan report in this Form 4?
Nair Balan reported new equity compensation grants and related exercises. He received large Restricted Share Unit and Share Appreciation Rights awards and converted previously granted RSUs into Class A and Class C common shares, reflecting routine compensation and vesting activity rather than open-market trading.
What new stock awards did Liberty Latin America grant its CEO in this filing?
He was granted 206,452 Restricted Share Units for Class A shares and 412,904 RSUs for Class C shares. In addition, he received 390,244 Share Appreciation Rights on Class A at $7.58 and 780,488 SARs on Class C at $7.77, all as compensation-related awards.
Are the Liberty Latin America Form 4 transactions open-market buys or sells?
No open-market buys or sells are shown. The filing details compensation-related grants, exercises of Restricted Share Units and Share Appreciation Rights, and share withholding for taxes. These are administrative equity compensation events rather than discretionary market trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
