BRACKEN CHARLES H R 4
Research Summary
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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.