Liberty Latin America (LILA) director awarded 9,074 Series A preferred shares
Rhea-AI Filing Summary
Liberty Latin America Ltd. director Daniel E. Sanchez reported acquiring Series A Preference Shares through a special dividend and related equity award adjustment. On June 16, 2026 he directly received 9,074 Series A Preference Shares from a 0.10-share special dividend of new 9.0% preferred stock. On June 17, 2026 he also received 1,935 Restricted Share Units P tied to Series A Preference Shares, which vest in full on March 15, 2027.
Positive
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Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sanchez Daniel E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Share Units P | 1,935 | $0.00 | -- |
| Other | Series A Preference Shares | 9,074 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units P — 1,935 shares (Direct);
Series A Preference Shares — 9,074 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 9,074 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. The Restricted Share Units vest in full on March 15, 2027.
Key Figures
Series A Preference Shares received: 9,074 shares
Restricted Share Units P granted: 1,935 units
Special dividend rate: 0.10 shares per common share
+3 more
6 metrics
Series A Preference Shares received
9,074 shares
Special dividend paid June 16, 2026 to Daniel E. Sanchez
Restricted Share Units P granted
1,935 units
RSUs tied to Series A Preference Shares received June 17, 2026
Special dividend rate
0.10 shares per common share
Dividend of Series A Preferred Shares on each outstanding common share
Initial liquidation price
$25 per Preferred Share
9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares
Dividend preferred rate
9.0%
Fixed rate on the new Series A Preferred Shares
RSU vesting date
March 15, 2027
Restricted Share Units P vest in full on this date
Key Terms
Restricted Share Unit P, anti-dilution provisions, 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares, Rule 16b-3, +1 more
5 terms
anti-dilution provisions financial
"RSUs with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions"
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.
liquidation price financial
"having an initial liquidation price of $25 per Preferred Share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Liberty Latin America (LILA) report for Daniel E. Sanchez?
Daniel E. Sanchez, a director of Liberty Latin America, recorded two equity-related acquisitions. He received 9,074 Series A Preference Shares on June 16, 2026 via a special dividend and, on June 17, 2026, 1,935 Restricted Share Units P tied to the same preferred shares.
Were Daniel E. Sanchez’s LILA transactions made under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 trading-plan checkbox is not marked, and the footnotes describe these changes as arising from a declared special dividend and automatic anti-dilution adjustments to existing RSU awards rather than from trades under a pre-arranged Rule 10b5-1 plan.