Liberty Latin America (LILA) Exec Chair Michael Fries Buys Shares

What Happened

• Michael T. Fries, Executive Chairman and Director of Liberty Latin America (LILA), made an open-market purchase of 49,382 common shares on June 25, 2026 at a weighted-average price of $20.39 per share (~$1,006,711 total).
• He also received 99,953 newly issued Series A Preference Shares as a special dividend payable June 16, 2026 (0.10 preferred share per common share held; initial liquidation price $25 per preferred share). In addition, a derivative acquisition of 6,129 awards was reported (adjusted RSU/SAR-related award).

Key Details

• Purchase: 49,382 common shares on 2026-06-25 at $20.39 (weighted avg; purchases ranged $20.20–$20.50). Total ≈ $1,006,711. (Footnote F2)
• Dividend: 99,953 Series A Preferred Shares received via a special dividend declared May 21, 2026 and paid June 16, 2026 (0.10 preferred per common share). Initial liquidation price $25 per preferred share. (Footnote F1)
• Derivative: 6,129-share acquisition on 2026-06-17 reported as a derivative (adjustments relate to RSUs/SARs per footnotes F3–F8); some RSUs vest March 15, 2027 (F5); a derivative security is noted as fully vested (F6).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing/timeliness: Form 4 filed July 17, 2026 covering transactions through June 25, 2026 — appears to be filed late relative to the transaction dates.
• Trading symbols noted in filing: LILA, LILAB, LILAK (common) and LILAP (Series A Preference).

Context

• The open-market purchase is a straightforward buy (cash outlay ~ $1.01M) and may be of interest to investors tracking insider buying, but filings are factual records and do not explain motives.
• The preferred shares were received as a non-cash corporate action (special dividend) and reflect an anti-dilution adjustment to existing equity awards (RSUs/SARs) described in the footnotes; some awards were adjusted in number and base price per the company’s incentive plan.