Liberty Latin America CEO reports ESPP share awards
Liberty Latin America Ltd. President and CEO Nair Balan reported employee stock purchase plan activity on June 30, 2026.
Rhea-AI Filing Summary
Liberty Latin America Ltd. President and CEO Nair Balan reported employee stock purchase plan activity on June 30, 2026. He acquired 803 Class C Common Shares through the ESPP match benefit and 2,049 Class C shares via ESPP purchases at $7.32 per share, while 449 and 54 Class C shares were withheld at $7.79 and $7.32 per share, respectively, to satisfy related tax liabilities. He also received 80 Series A Preference Shares through the ESPP match benefit, bringing his directly held Preference Shares to 394,988, and reports indirect Class C holdings of 21,640 shares in a 401(k) plan and 1,139 shares in an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Nair Balan
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Common Shares F1 | 803 | $0.00 | $0.00 |
| Tax Withholding | Class C Common Shares F2 | 449 | $7.79 | $3K |
| Grant/Award | Class C Common Shares F3, F4 | 2,049 | $7.32 | $15K |
| Tax Withholding | Class C Common Shares F2, F4 | 54 | $7.32 | $395.28 |
| Other | Series A Preference Shares F5 | 80 | $0.00 | $0.00 |
| holding | Class C Common Shares | -- | -- | -- |
| holding | Class C Common Shares | -- | -- | -- |
Holdings After Transaction:
Class C Common Shares — 3,339,147 shares (Direct);
Series A Preference Shares — 394,988 shares (Direct);
Class C Common Shares — 21,640 shares (Indirect, By 401(k) Plan);
Class C Common Shares — 1,139 shares (Indirect, By IRA)
Footnotes (5)
- F1. These shares were acquired pursuant to the "match benefit" of ESPP in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- F2. Represents common shares that have been withheld by the Issuer to satisfy the tax liability in connection with the purchase of shares under the ESPP and its look-back feature and the issuance of shares pursuant to the "match benefit."
- F3. These shares were acquired under the Liberty Latin America Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- F4. The Employee Stock Purchase Plan's "look-back" feature was used to determine the purchase price for these shares. The "look-back" feature compares the closing price of the Issuer's Class C common shares on the first and last trading days of the January 1 - June 30, 2026 contribution period, with the lower of the two being used to determine the purchase price.
- F5. These Preferred Shares were acquired pursuant to the "match benefit" of the Liberty Latin America Employee Stock Purchase Plan and were issued at a rate of 0.10 Preferred Shares for each matching share of the Issuer's common stock credited to the reporting person under the plan. This transaction was exempt under Rule 16a-9.
Key Figures
ESPP match Class C shares: 803 shares
ESPP purchase Class C shares: 2,049 shares at $7.32 per share
Shares withheld for taxes: 449 shares at $7.79; 54 shares at $7.32
+4 more
7 metrics
ESPP match Class C shares
803 shares
Class C Common Shares acquired via ESPP match benefit on June 30, 2026
ESPP purchase Class C shares
2,049 shares at $7.32 per share
Class C Common Shares acquired under Employee Stock Purchase Plan using look-back feature
Shares withheld for taxes
449 shares at $7.79; 54 shares at $7.32
Class C Common Shares withheld by issuer to satisfy tax liability on ESPP transactions
Series A Preference Shares acquired
80 shares
Acquired via ESPP match benefit at 0.10 Preference Shares per matching common share
Total Series A Preference Shares held
394,988 shares
Direct holdings of Series A Preference Shares after June 30, 2026 transaction
Indirect Class C via 401(k) Plan
21,640 shares
Indirect Class C holdings reported as held by 401(k) Plan
Indirect Class C via IRA
1,139 shares
Indirect Class C holdings reported as held by IRA
Key Terms
Employee Stock Purchase Plan, match benefit, look-back feature, Rule 16b-3(d), +1 more
5 terms
Employee Stock Purchase Plan financial
"These shares were acquired under the Liberty Latin America Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
match benefit financial
"These shares were acquired pursuant to the "match benefit" of ESPP"
look-back feature financial
"The Employee Stock Purchase Plan's "look-back" feature was used to determine the purchase price"
Rule 16b-3(d) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16a-9 regulatory
"This transaction was exempt under Rule 16a-9"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Liberty Latin America (LILA) report for CEO Nair Balan?
Nair Balan reported ESPP-related share acquisitions on June 30, 2026, including 803 Class C match shares, 2,049 purchased Class C shares, and 80 Series A Preference Shares, plus shares withheld to cover related tax liabilities.
What indirect Class C holdings does Liberty Latin America (LILA) report for Nair Balan?
The filing lists 21,640 Class C Common Shares held indirectly through a 401(k) Plan and 1,139 Class C shares held indirectly via an IRA, reflecting retirement-related ownership separate from directly held shares.
Were the Liberty Latin America (LILA) insider transactions made under a Rule 10b5-1 plan?
No. The Rule 10b5-1 checkbox is not marked, and the footnotes instead describe exempt Employee Stock Purchase Plan purchases, match benefits, and tax-withholding events rather than trades executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
