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GCI Liberty, Inc.·4

Feb 23, 4:20 PM ET

DUNCAN RONALD A 4

4 · GCI Liberty, Inc. · Filed Feb 23, 2026

Research Summary

AI-generated summary of this filing

Updated

GCI Liberty (GLIBK) CEO Ronald A. Duncan Receives RSUs; 7,706 Withheld

What Happened

  • Ronald A. Duncan, President & CEO and a director of GCI Liberty (GLIBK), received 18,423 performance-based restricted stock units (RSUs) that vested/certified on Feb 10, 2026 (reported as a grant/award). An additional 1,158 RSUs converted to shares on Feb 20, 2026.
  • To satisfy tax withholding, 7,706 shares were surrendered/withheld on Feb 20 at $39.70 per share, generating $305,928. The filing shows an additional 1,158-share derivative conversion/disposition entry at $0. In total, 19,581 shares were issued/converted and 8,864 shares were withheld/transferred, for a net increase of 10,717 shares (filing does not list total shares owned after the transactions).

Key Details

  • Transaction dates: Feb 10, 2026 (certification/award); Feb 20, 2026 (conversion/withholding). Filing date: Feb 23, 2026.
  • Prices/values: RSUs issued at $0 (award/vesting); tax withholding 7,706 shares @ $39.70 = $305,928. Other 1,158-share disposition reported at $0.
  • Transaction codes: A = Award/Grant (RSU issuance), M = Exercise/conversion of derivative (RSU conversion), F = Payment of tax liability (share withholding).
  • Footnotes: Certification of performance criteria triggered the issuance of the Series C common stock (performance-based RSUs). Each RSU converts 1:1 to a share; one RSU’s vesting was accelerated to match the performance-based awards.
  • Filing timeliness: Reported on Feb 23 for Feb 10/20 transactions — appears later than the usual two-business-day Form 4 deadline.

Context

  • These were vesting RSUs (compensation awards), not open-market purchases — awards are common executive compensation and not a direct buy signal. The share surrender was a routine tax-withholding/cashless mechanism. The "M" entries reflect conversion/exercise of restricted stock units into shares.

Insider Transaction Report

Form 4
Period: 2026-02-10
GCI Liberty, Inc.GLIBK
DUNCAN RONALD A
DirectorPresident and CEO
Transactions
  • Award

    Series C GCI Group Common Stock

    [F1]
    2026-02-10+18,423→ 133,655 total
  • Exercise/Conversion

    Series C GCI Group Common Stock

    [F2]
    2026-02-20+1,158→ 134,813 total
  • Tax Payment

    Series C GCI Group Common Stock

    2026-02-20$39.70/sh−7,706$305,928→ 127,107 total
  • Exercise/Conversion

    Restricted Stock Units - GLIBK

    [F8][F9]
    2026-02-20−1,158→ 0 total
    From: 2026-02-20Exp: 2026-02-20→ Series C GCI Group Common Stock (1,158 underlying)
Holdings

  • Series C GCI Group Common Stock

    [F3]
    (indirect: By 401(k))
    557

  • Series C GCI Group Common Stock

    [F4]
    (indirect: By 560 Company, Inc.)
    20,578

  • Series C GCI Group Common Stock

    [F5]
    (indirect: By LLC)
    2,022

  • Series C GCI Group Common Stock

    [F6]
    (indirect: By LLC)
    1,162

  • Series C GCI Group Common Stock

    [F7]
    (indirect: By Spouse)
    7,516
Footnotes (9)
  • [F1]Represents shares of Series C GCI Group Common Stock ("GLIBK") to be issued as a result of the certification on February 10, 2026 of the satisfaction of performance criteria established for the performance-based restricted stock units granted to the Reporting Person on August 21, 2025.
  • [F2]Each restricted stock unit converted into one share of GLIBK.
  • [F3]The number of shares reported as held in the Reporting Person's 401(k) is based on a statement from the Plan Administrator dated as of January 31, 2026.
  • [F4]The Reporting Person owns 55% of 560 Company, Inc. and has voting and dispositive power over these shares. A trust (the "Trust") which the Reporting Person's spouse serves as trustee and his adult daughter is the principal beneficiary owns the remaining 45% of 560 Company, Inc. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
  • [F5]RAD, LLC has a 25% ownership interest in and is the managing member of Missy, LLC. The Reporting Person's spouse has a 25% ownership interest in Missy, LLC and the Reporting Person's adult daughter holds the remaining 50% ownership interest in Missy, LLC. Accordingly, the Reporting Person may be deemed to be the indirect beneficial owner of certain Issuer's securities owned by Missy, LLC. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
  • [F6]The Reporting Person has a 0.1% ownership interest in and is the controlling member of RAD, LLC and the Trust holds the remaining 99.9% ownership interest of RAD, LLC. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
  • [F7]The Reporting Person disclaims beneficial ownership of these shares owned by his spouse.
  • [F8]Each restricted stock unit represents a contingent right to receive one share of GLIBK.
  • [F9]This restricted stock unit was previously reported to vest on March 15, 2026. Vesting of this restricted stock unit was accelerated to correspond with the vesting of the performance-based restricted stock units granted to the Reporting Person on August 21, 2025 as referenced in Footnote 1.
Signature
/s/ Brittany A. Uthoff as Attorney in Fact for Ronald A. Duncan|2026-02-23

Documents

1 file
  • 4
    doc4.xmlPrimary