Liberty Latin America (LILA) CFO awarded RSUs, SARs and exercises prior equity grants
Rhea-AI Filing Summary
Liberty Latin America’s SVP and CFO Christopher J. Noyes reported a series of equity compensation transactions. On March 13, 2026, he received 64,516 Restricted Share Units A and 129,032 Restricted Share Units C, plus 121,951 Share Appreciation Rights A at $7.58 and 243,902 Share Appreciation Rights C at $7.77 per share. These awards vest in three equal annual installments on March 15, 2027, 2028 and 2029.
On March 15, 2026, previously granted RSUs were exercised into Class A and Class C common shares, and 133,198 shares were withheld at prices around $7.58 and $7.77 to cover tax obligations, not as open-market sales. Following these transactions, Noyes directly holds 259,121 Class A and 607,236 Class C common shares, and indirectly holds 40,000 Class A and 19,517 Class C shares through IRA and 401(k) accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units A | 20,729 | $0.00 | -- |
| Exercise | Restricted Share Units C | 41,459 | $0.00 | -- |
| Exercise | Restricted Share Units A | 26,246 | $0.00 | -- |
| Exercise | Restricted Share Units C | 52,493 | $0.00 | -- |
| Exercise | Restricted Share Units A | 24,925 | $0.00 | -- |
| Exercise | Restricted Share Units C | 49,849 | $0.00 | -- |
| Exercise | Class A Common Shares | 20,729 | $0.00 | -- |
| Tax Withholding | Class A Common Shares | 12,801 | $7.58 | $97K |
| Exercise | Class A Common Shares | 26,246 | $0.00 | -- |
| Tax Withholding | Class A Common Shares | 16,207 | $7.58 | $123K |
| Exercise | Class A Common Shares | 24,925 | $0.00 | -- |
| Tax Withholding | Class A Common Shares | 15,392 | $7.58 | $117K |
| Exercise | Class C Common Shares | 41,459 | $0.00 | -- |
| Tax Withholding | Class C Common Shares | 25,601 | $7.77 | $199K |
| Exercise | Class C Common Shares | 52,493 | $0.00 | -- |
| Tax Withholding | Class C Common Shares | 32,415 | $7.77 | $252K |
| Exercise | Class C Common Shares | 49,849 | $0.00 | -- |
| Tax Withholding | Class C Common Shares | 30,782 | $7.77 | $239K |
| Grant/Award | Restricted Share Units A | 64,516 | $0.00 | -- |
| Grant/Award | Restricted Share Units C | 129,032 | $0.00 | -- |
| Grant/Award | Share Appreciation Rights A | 121,951 | $0.00 | -- |
| Grant/Award | Share Appreciation Rights C | 243,902 | $0.00 | -- |
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class C Common Shares | -- | -- | -- |
| holding | Class C Common Shares | -- | -- | -- |
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 Restricted Share Units vest in three equal annual installments on March 15, 2026, 2027, 2028.
FAQ
What insider transactions did Liberty Latin America (LILA) CFO report on this Form 4?
The filing shows CFO Christopher J. Noyes receiving new restricted share units and share appreciation rights, exercising previously granted RSUs, and having shares withheld to cover taxes. All dispositions were tax-withholding transactions, not open-market sales or purchases of Liberty Latin America shares.
How many new equity awards did Liberty Latin America (LILA) grant its CFO?
The CFO was granted 64,516 Restricted Share Units A and 129,032 Restricted Share Units C, plus 121,951 Share Appreciation Rights A at $7.58 and 243,902 Share Appreciation Rights C at $7.77. These represent compensation awards, not open-market stock purchases.
Were there any open-market purchases or sales by the Liberty Latin America (LILA) CFO?
No open-market purchases or sales are reported. The Form 4 shows option-like RSU exercises and F-code transactions, which are shares withheld at $7.58 and $7.77 per share to pay taxes, rather than discretionary buying or selling on the market.
What do the tax-withholding transactions mean in Liberty Latin America (LILA) CFO’s Form 4?
The F-code entries reflect 133,198 shares delivered back to the issuer at set prices to pay tax liabilities from RSU vesting and exercises. These are mechanical compensation-related dispositions, not market-driven sales, and do not indicate a change in investment view.