Liberty Latin America director receives preferred shares
Liberty Latin America Ltd. director Roberta S. Jacobson reported acquiring Series A Preference Shares through a special stock dividend and related award adjustments.
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Form Type
4
Rhea-AI Filing Summary
Liberty Latin America Ltd. director Roberta S. Jacobson reported acquiring Series A Preference Shares through a special stock dividend and related award adjustments. A June 16, 2026 dividend granted her 4,927 newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares, and on June 17, 2026 her equity awards were adjusted to include 1,935 Restricted Share Units P tied to the same series. The RSUs each convert into one preferred share and vest in full on March 15, 2027.
Insider Trade Summary
Other: 6,862 shares
Other
2 txns
Insider
Jacobson Roberta S.
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 | 4,927 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Units P — 1,935 contracts (Direct);
Series A Preference Shares — 4,927 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 4,927 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
Preferred Shares received via dividend: 4,927 shares
Restricted Share Units P awarded: 1,935 units
Special dividend ratio: 0.10 share per common share
+4 more
7 metrics
Preferred Shares received via dividend
4,927 shares
Special dividend paid June 16, 2026 to holders of record June 1, 2026
Restricted Share Units P awarded
1,935 units
RSUs adjusted June 17, 2026 in connection with the preferred share dividend
Special dividend ratio
0.10 share per common share
Dividend of Series A Preferred for each outstanding common share
Preferred Share liquidation price
$25 per Preferred Share
Initial liquidation price of the 9.0% Series A Preferred Shares
Preferred dividend rate
9.0%
Fixed rate on the Cumulative Perpetual Redeemable Series A Preferred Shares
RSU vesting date
March 15, 2027
Restricted Share Units P vest in full on this date
Total shares affected by restructuring
6,862 shares
Aggregate restructuringShares reported across derivative and non-derivative entries
Key Terms
Restricted Share Units P, anti-dilution provisions, 9.0% 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did LILA director Roberta S. Jacobson report?
Roberta S. Jacobson reported acquiring 4,927 Series A Preference Shares via a special dividend and 1,935 Restricted Share Units P. Both positions are held directly and relate to Liberty Latin America Ltd.’s newly issued 9.0% Series A Preferred Shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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