Liberty Latin America (LILA) Director Paul A. Gould Receives Preferred Shares

What Happened
Paul A. Gould, a director of Liberty Latin America Ltd. (LILA), was credited with 81,300 newly issued Series A 9.0% Fixed Rate Cumulative Perpetual Redeemable Preferred Shares as a special dividend payable June 16, 2026, and an additional 1,935 preferred-share RSU adjustment recorded June 17, 2026. The filings show $0 cash paid (code J — “other acquisition”) because these were received as a dividend and as an RSU adjustment. At the preferred share's stated initial liquidation price of $25, the shares represent roughly $2.08 million in notional value (81,300 × $25 = $2,032,500; 1,935 × $25 = $48,375).

Key Details

• Transaction dates: 2026-06-16 (81,300 preferred shares) and 2026-06-17 (1,935 RSU-adjusted preferred shares).
• Transaction type/code: Other acquisition (Form 4 code J); the June 17 line is a derivative/RSU adjustment.
• Price reported: $0.00 (received as a dividend/adjustment); stated initial liquidation price for the preferred is $25/share (used above for value estimate).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: Board declared a special dividend on May 21, 2026 (record date June 1, payable June 16) issuing 0.10 preferred shares per common share; RSUs were adjusted under anti-dilution provisions so holders get RSUs tied to preferred shares. These adjustments were approved under Rule 16b-3.
• Timeliness: The Form 4 was filed July 17, 2026 for transactions on June 16–17, 2026 — this is later than the typical 2-business-day reporting window for Form 4s.

Context
This was not an open-market purchase or sale but a corporate action (special dividend plus RSU adjustment), so it does not reflect an active buy/sell decision by the director. RSU entries are derivative rights to receive preferred shares at settlement. Late filing is an administrative issue for regulators and market transparency but does not by itself indicate trading misconduct.