Liberty Latin America (LILA) director receives 14,894 Series A preferred shares
Rhea-AI Filing Summary
Liberty Latin America Ltd. director DE ANGOITIA ALFONSO reported acquiring Series A preferred-related interests. A special dividend of 0.10 Series A Preferred Share per common share resulted in receipt of 14,894 Preferred Shares. In a related anti-dilution adjustment, he also received 1,935 Restricted Share Units P linked to Series A Preference Shares, all held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DE ANGOITIA ALFONSO
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Share Units P | 1,935 | $0.00 | -- |
| Other | Series A Preference Shares | 14,894 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units P — 1,935 shares (Direct);
Series A Preference Shares — 14,894 shares (Direct)
Footnotes (1)
- 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 14,894 Preferred Shares. Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement. 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.
Key Figures
Preferred Shares received: 14,894 shares
RSUs on Preferred Shares: 1,935 units
Special dividend rate: 0.10 shares per common share
+4 more
7 metrics
Preferred Shares received
14,894 shares
Series A Preferred Shares received as a special dividend by the reporting person
RSUs on Preferred Shares
1,935 units
Restricted Share Units P tied to Series A Preference Shares held by the reporting person
Special dividend rate
0.10 shares per common share
Series A Preferred Shares distributed per outstanding common share
Preferred share liquidation price
$25 per share
Initial liquidation price of the Series A Preferred Shares
Dividend rate on Preferred Shares
9.0% fixed rate
Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares
Dividend record date
June 1, 2026
Record date at 5:00 p.m. New York City time for the special dividend
Dividend payment date
June 16, 2026
Payment date for the special dividend of Series A Preferred Shares
Key Terms
special dividend, Restricted Share Unit, anti-dilution provisions, Rule 16b-3, +1 more
5 terms
special dividend financial
"declared a special dividend on each of its outstanding common shares"
A special dividend is a one-time payment made by a company to its shareholders, usually when it has accumulated excess profits or cash. It is like a bonus or a reward for investors, often signaling that the company has extra funds available. This type of dividend matters because it can indicate a company's financial health or a significant change in its cash situation.
anti-dilution provisions financial
"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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Liberty Latin America (LILA) disclose in this Form 4?
Liberty Latin America (LILA) disclosed that director DE ANGOITIA ALFONSO acquired 14,894 Series A Preferred Shares via a special stock dividend and 1,935 Restricted Share Units P tied to the same series, both classified as other acquisitions rather than open-market trades.
How were RSUs adjusted for Liberty Latin America (LILA) insiders after the special dividend?
In connection with the special dividend, all RSUs tied to Liberty Latin America (LILA) common stock were adjusted under anti-dilution provisions. Each original RSU generated new RSUs on Preferred Shares equal to 0.10 times the underlying common shares, keeping the same terms and conditions.