How were taxes handled on Nair Balan’s Liberty Latin America share awards?

Taxes were paid through share withholding, not market sales. A total of 281,349 Class C common shares were withheld at $7.77 per share to satisfy tax obligations arising from the vesting or exercise of equity awards reported in this Form 4.

What is Nair Balan’s reported Liberty Latin America share ownership after these transactions?

After the reported transactions, he directly holds 1,363,173 Class A and 1,804,796 Class C common shares. He also has indirect Class C holdings through a 401(k) plan and an IRA, providing additional exposure beyond his direct share ownership.

Liberty Latin America (NASDAQ: LILA) CEO reports large stock grants

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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.

Insider Trade Summary

648,364 shares exercised/converted

Mixed 21 txns

Insider Nair Balan

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units A	60,116	$0.00	--
Exercise	Restricted Share Units C	120,232	$0.00	--
Exercise	Restricted Share Units A	78,740	$0.00	--
Exercise	Restricted Share Units C	157,480	$0.00	--
Exercise	Restricted Share Units A	77,265	$0.00	--
Exercise	Restricted Share Units C	154,531	$0.00	--
Exercise	Class A Common Shares	60,116	$0.00	--
Exercise	Class A Common Shares	78,740	$0.00	--
Exercise	Class A Common Shares	77,265	$0.00	--
Exercise	Class C Common Shares	120,232	$0.00	--
Tax Withholding	Class C Common Shares	78,260	$7.77	$608K
Exercise	Class C Common Shares	157,480	$0.00	--
Tax Withholding	Class C Common Shares	102,504	$7.77	$796K
Exercise	Class C Common Shares	154,531	$0.00	--
Tax Withholding	Class C Common Shares	100,585	$7.77	$782K
Grant/Award	Restricted Share Units A	206,452	$0.00	--
Grant/Award	Restricted Share Units C	412,904	$0.00	--
Grant/Award	Share Appreciation Rights A	390,244	$0.00	--
Grant/Award	Share Appreciation Rights C	780,488	$0.00	--
holding	Class C Common Shares	--	--	--
holding	Class C Common Shares	--	--	--

Holdings After Transaction: Restricted Share Units A — 0 shares (Direct); Restricted Share Units C — 0 shares (Direct); Class A Common Shares — 1,207,168 shares (Direct); Class C Common Shares — 1,774,134 shares (Direct); Share Appreciation Rights A — 390,244 shares (Direct); Share Appreciation Rights C — 780,488 shares (Direct); Class C Common Shares — 18,863 shares (Indirect, By 401(k) Plan)

Footnotes (1)

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. The RSUs vest in three equal annual installments on March 15 of 2027, 2028 and 2029. The Share Appreciation Rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029 The RSUs vest in three equal annual installments on March 15 of 2024, 2025 and 2026. The RSUs vest in three equal annual installments on March 15 of 2025, 2026 and 2027. The RSUs vest in three equal annual installments on March 15 of 2026, 2027 and 2028.

Form 4 Insider Transactions: What Each Field Means →

03/17/2026 - 05:44 PM

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
Estimated average burden
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^*

Nair Balan

(Last)

(First)

(Middle)

1550 WEWATTA STREET

SUITE 800

(Street)

DENVER

80202

(City)

(State)

(Zip)

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
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Shares	03/15/2026		M		60,116	A	⁽¹⁾	1,207,168	D
Class A Common Shares	03/15/2026		M		78,740	A	⁽¹⁾	1,285,908	D
Class A Common Shares	03/15/2026		M		77,265	A	⁽¹⁾	1,363,173	D
Class C Common Shares	03/15/2026		M		120,232	A	⁽¹⁾	1,774,134	D
Class C Common Shares	03/15/2026		F		78,260	D	$7.77	1,695,874	D
Class C Common Shares	03/15/2026		M		157,480	A	⁽¹⁾	1,853,354	D
Class C Common Shares	03/15/2026		F		102,504	D	$7.77	1,750,850	D
Class C Common Shares	03/15/2026		M		154,531	A	⁽¹⁾	1,905,381	D
Class C Common Shares	03/15/2026		F		100,585	D	$7.77	1,804,796	D
Class C Common Shares								18,863	I	By 401(k) Plan
Class C Common Shares								1,139	I	By IRA

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units A	⁽¹⁾	03/13/2026		A		206,452		⁽²⁾	⁽²⁾	Class A Common Shares	206,452	⁽¹⁾	206,452	D
Restricted Share Units C	⁽¹⁾	03/13/2026		A		412,904		⁽²⁾	⁽²⁾	Class C Common Shares	412,904	⁽¹⁾	412,904	D
Share Appreciation Rights A	$7.58	03/13/2026		A		390,244		⁽³⁾	03/13/2036	Class A Common Shares	390,244	$0	390,244	D
Share Appreciation Rights C	$7.77	03/13/2026		A		780,488		⁽³⁾	03/13/2036	Class C Common Shares	780,488	$0	780,488	D
Restricted Share Units A	⁽¹⁾	03/15/2026		M			60,116	⁽⁴⁾	⁽⁴⁾	Class A Common Shares	60,116	$0	0	D
Restricted Share Units C	⁽¹⁾	03/15/2026		M			120,232	⁽⁴⁾	⁽⁴⁾	Class C Common Shares	120,232	$0	0	D
Restricted Share Units A	⁽¹⁾	03/15/2026		M			78,740	⁽⁵⁾	⁽⁵⁾	Class A Common Shares	78,740	$0	78,740	D
Restricted Share Units C	⁽¹⁾	03/15/2026		M			157,480	⁽⁵⁾	⁽⁵⁾	Class C Common Shares	157,480	$0	157,480	D
Restricted Share Units A	⁽¹⁾	03/15/2026		M			77,265	⁽⁶⁾	⁽⁶⁾	Class A Common Shares	77,265	$0	154,530	D
Restricted Share Units C	⁽¹⁾	03/15/2026		M			154,531	⁽⁶⁾	⁽⁶⁾	Class C Common Shares	154,531	$0	309,060	D

Explanation of Responses:

1. 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.

2. The RSUs vest in three equal annual installments on March 15 of 2027, 2028 and 2029.

3. The Share Appreciation Rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029

4. The RSUs vest in three equal annual installments on March 15 of 2024, 2025 and 2026.

5. The RSUs vest in three equal annual installments on March 15 of 2025, 2026 and 2027.

6. The RSUs vest in three equal annual installments on March 15 of 2026, 2027 and 2028.

Remarks:

The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK

	/s/ John M. Winter, Attorney-in-Fact	03/17/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

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.

How many shares did Nair Balan exercise in the latest Liberty Latin America Form 4?

He exercised derivative awards covering 648,364 shares. These exercises converted Restricted Share Units into Class A and Class C common shares, increasing his direct ownership stake in Liberty Latin America without any reported open-market purchases or sales in this filing.

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.