HALL BRYAN H 4
4 · Liberty Global Ltd. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Liberty Global (LBTY) EVP Bryan H. Hall Exercises RSUs, Sells Shares
What Happened
- Bryan H. Hall, EVP, General Counsel & Secretary of Liberty Global (trading symbols LBTYA/LBTYB/LBTYK), had restricted share units (RSUs) vest and converted/exercised those awards on May 1, 2026. The filing shows two conversion/issuance entries totaling 84,800 shares. To satisfy tax obligations, 37,105 shares were surrendered/withheld (reported as payment of tax liability), generating proceeds of about $439,748 ($190,212 and $249,536). The filing also reports 1,335 shares contributed to his account under the company 401(k) plan.
Key Details
- Transaction date: May 1, 2026; Form filed May 5, 2026 (appears to exceed the standard two-business-day Form 4 reporting window).
- Conversion/exercise entries: 36,346 shares and 48,454 shares (total 84,800 shares) reported as exercised/converted (code M).
- Tax withholding: 15,904 shares withheld at $11.96 ($190,212) and 21,201 shares withheld at $11.77 ($249,536) — total 37,105 shares withheld (~$439,748) (code F).
- Other derivative dispositions: several M-coded derivative dispositions matching 84,800 shares in the filing (representing conversion/settlement mechanics).
- Additional: 1,335 shares received via issuer contribution to the 401(k) plan (footnote F2).
- Shares owned after transaction: not disclosed in the provided excerpt.
- Notable footnotes: some RSUs vested in full on May 1, 2026 (F3); other RSU grants have staggered vesting schedules (F4, F5).
Context
- This is primarily a vesting/conversion of RSUs, not an open-market purchase or discretionary sale. The F-code entries indicate shares were surrendered/withheld to cover tax withholding — a routine administrative step common when RSUs vest (often called a cashless/net-settlement).
- Such withholding/surrenders are not usually interpreted as a directional bet on the stock; they satisfy tax obligations tied to vesting events.
- The filing date (May 5) is later than the transaction date (May 1); insiders are generally required to file Form 4 within two business days, so this appears late based on the dates shown.
Insider Transaction Report
Form 4
HALL BRYAN H
EVP, Gen Counsel & Secretary
Transactions
- Exercise/Conversion
Class A Common Shares
[F1]2026-05-01+36,346→ 283,454 total - Tax Payment
Class A Common Shares
2026-05-01$11.96/sh−15,904$190,212→ 267,550 total - Exercise/Conversion
Class C Common Shares
[F1]2026-05-01+48,454→ 251,566 total - Tax Payment
Class C Common Shares
2026-05-01$11.77/sh−21,201$249,536→ 230,365 total - Exercise/Conversion
Restricted Share Units A
[F1][F3]2026-05-01−12,110→ 0 total→ Class A Common Shares (12,110 underlying) - Exercise/Conversion
Restricted Share Units C
[F1][F3]2026-05-01−24,218→ 0 total→ Class C Common Shares (24,218 underlying) - Exercise/Conversion
Restricted Share Units A
[F1][F4]2026-05-01−12,270→ 12,271 total→ Class A Common Shares (12,270 underlying) - Exercise/Conversion
Restricted Share Units C
[F1][F4]2026-05-01−12,270→ 12,271 total→ Class C Common Shares (12,270 underlying) - Exercise/Conversion
Restricted Share Units A
[F1][F5]2026-05-01−11,966→ 23,934 total→ Class A Common Shares (11,966 underlying) - Exercise/Conversion
Restricted Share Units C
[F1][F5]2026-05-01−11,966→ 23,934 total→ Class C Common Shares (11,966 underlying)
Holdings
- 21,415(indirect: By 401(k))
Class C 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]The Reporting Person received 1,335 shares contributed by Issuer under its 401(k) Plan as of May 1, 2026.
- [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.
Signature
/s/ Bryan H. Hall|2026-05-05