BRACKEN CHARLES H R 4
4 · Liberty Global Ltd. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Liberty Global (LBTY) CFO Charles Bracken Exercises Derivatives; Sells Shares for Taxes
What Happened Charles H. R. Bracken, EVP & Chief Financial Officer of Liberty Global Ltd. (tickers LBTYA/LBTYB/LBTYK), exercised/converted a total of 124,706 derivative awards/RSUs on May 1, 2026. To satisfy withholding for taxes and/or exercise obligations he caused the disposition of 58,615 shares: 25,123 shares were withheld/sold at $11.96 for $300,471, and 33,492 shares at $11.77 for $394,201 (total proceeds ≈ $694,672). The remaining shares from the conversions were retained (no cash purchase reported).
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (filing appears timely under the two-business-day rule).
- Derivative action: Code M — exercise/conversion of derivatives (total 124,706 shares).
- Withholding/sale: Code F — 25,123 shares at $11.96 ($300,471) and 33,492 shares at $11.77 ($394,201).
- Shares owned after transaction: Not stated in the supplied filing details.
- Footnotes of note:
- F1: Each RSU represents the right to one Class A or Class C common share.
- F2: Some shares are held by Charlouise Ltd., controlled by the reporting person.
- F3–F5: Vesting schedules vary by award (some vested in full May 1, 2026; others vest in three annual installments beginning May 1, 2025 or May 1, 2026).
- Trading symbols noted in the filing: LBTYA, LBTYB, LBTYK.
Context Code M indicates conversion/exercise of derivative awards (here RSUs or similar). The Code F entries show shares were withheld/sold to cover tax or exercise obligations — a routine, non-market-speculative action commonly used to satisfy withholding rather than an open-market sale for investment purposes. This filing is informational for investors tracking insider activity but does not, by itself, indicate stewardship or a change in view on the company.
Insider Transaction Report
- Exercise/Conversion
Class A Common Shares
[F1]2026-05-01+53,450→ 98,087 total - Tax Payment
Class A Common Shares
2026-05-01$11.96/sh−25,123$300,471→ 72,964 total - Exercise/Conversion
Class C Common Shares
[F1]2026-05-01+71,256→ 115,893 total - Tax Payment
Class C Common Shares
2026-05-01$11.77/sh−33,492$394,201→ 82,401 total - Exercise/Conversion
Restricted Share Units A
[F1][F3]2026-05-01−17,808→ 0 total→ Class A Common Shares (17,808 underlying) - Exercise/Conversion
Restricted Share Units C
[F1][F3]2026-05-01−35,614→ 0 total→ Class C Common Shares (35,614 underlying) - Exercise/Conversion
Restricted Share Units A
[F1][F4]2026-05-01−18,044→ 18,046 total→ Class A Common Shares (18,044 underlying) - Exercise/Conversion
Restricted Share Units C
[F1][F4]2026-05-01−18,044→ 18,046 total→ Class C Common Shares (18,044 underlying) - Exercise/Conversion
Restricted Share Units A
[F1][F5]2026-05-01−17,598→ 35,196 total→ Class A Common Shares (17,598 underlying) - Exercise/Conversion
Restricted Share Units C
[F1][F5]2026-05-01−17,598→ 35,196 total→ Class C Common Shares (17,598 underlying)
- 110,206(indirect: held by Charlouise Ltd.)
Class A Common Shares
[F2]
Footnotes (5)
- [F1]Each Restricted Share Unit ("RSU") represents a right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be.
- [F2]Shares are held by Charlouise Ltd., which is controlled by the Reporting Person.
- [F3]The RSUs vest in full on May 1, 2026.
- [F4]The RSUs vest in three equal annual installments commencing on May 1, 2025.
- [F5]The RSUs vest in three equal annual installments commencing on May 1, 2026.