HALL BRYAN H 4

What Happened

• Bryan H. Hall, EVP, General Counsel & Secretary of Liberty Global (tickers LBTYA/LBTYB/LBTYK), reported RSUs that vested on March 1, 2026 and converted into common shares. The Form 4 shows multiple "exercise/conversion of derivative" entries of 4,225 shares each (RSU conversions) and two tax-withholding share disposals of 1,849 shares at $12.74 ($23,556) and 1,849 shares at $12.30 ($22,743). Combined, those two withholding entries total 3,698 shares withheld for taxes for $46,299. The filing also reports receipt of 2,731 shares contributed by the issuer under the company 401(k) plan on March 1, 2026. These were not open‑market sales; the disposals were tax withholdings (routine).

Key Details

• Transaction date(s): March 1, 2026 (reported on Form 4 filed March 3, 2026) — appears timely.
• Withheld shares for taxes: 1,849 @ $12.74 ($23,556) and 1,849 @ $12.30 ($22,743) — total withheld = 3,698 shares for $46,299.
• RSU conversion entries: multiple lines of 4,225 shares reported as "exercise or conversion of derivative" (RSUs vested per footnote).
• 401(k) contribution: 2,731 shares contributed by issuer as of March 1, 2026.
• Footnotes: F1 explains each RSU converts to one share of Class A or C; F2 notes the 401(k) contribution of 2,731 shares; F3 confirms the RSUs vested in full on March 1, 2026.
• Shares owned after the transactions are not specified in the filing.
• Filing appears timely (filed March 3 for March 1 transactions).

Context

• This was a vesting/conversion of RSUs and routine tax-withholding (F code), not an open-market purchase or speculative sale. When RSUs vest, companies commonly withhold shares to cover withholding taxes — a cashless withholding that reduces the net shares delivered to the insider.
• For retail investors, these entries signal routine compensation-related share issuance rather than a buy/sell decision by the insider.