BRACKEN CHARLES H R 4

What Happened

• Charles H. R. Bracken, EVP & CFO of Liberty Global (LBTY), had restricted share units (RSUs) vest in full on March 1, 2026. The vesting resulted in the conversion/exercise of RSUs into shares. To cover tax withholding, he surrendered a total of 2,300 shares (1,150 shares at $12.74 and 1,150 shares at $12.30) for proceeds totaling $28,796. After withholding, the vesting converted 2,445 RSUs into shares, producing a net increase of roughly 145 shares (2,445 vested − 2,300 withheld).

Key Details

• Transaction date: March 1, 2026; Form filed March 3, 2026 (timely filing).
• Actions reported: M = exercise/conversion of derivative (RSU vesting); F = shares surrendered to pay tax liability.
• Withholding disposals: 1,150 shares @ $12.74 = $14,651; 1,150 shares @ $12.30 = $14,145; total ≈ $28,796.
• RSU detail: Each RSU represents the right to one share (footnote F1); RSUs vested in full on March 1, 2026 (footnote F4).
• Ownership/holding: Shares are held by Charlouise Ltd., an entity controlled by the reporting person (footnotes F2, F3). The filing does not state a new total share count after the transactions.
• Trading symbols: LBTYA, LBTYB, LBTYK.
• Codes explained: M = option/derivative exercise/conversion; F = payment of exercise price or tax withholding.

Context

• This was not an open‑market purchase or sale for investment — it was RSU vesting with shares surrendered to satisfy tax obligations (a common, administrative transaction). Such tax‑withholding disposals are routine and do not necessarily indicate a change in the insider’s view of the company.