Liberty Global Ltd.·4

May 5, 4:16 PM ET

HALL BRYAN H 4

4 · Liberty Global Ltd. · Filed May 5, 2026

Research Summary

AI-generated summary of this filing

Updated

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
Period: 2026-05-01
HALL BRYAN H
EVP, Gen Counsel & Secretary
Transactions
  • Exercise/Conversion

    Class A Common Shares

    [F1]
    2026-05-01+36,346283,454 total
  • Tax Payment

    Class A Common Shares

    2026-05-01$11.96/sh15,904$190,212267,550 total
  • Exercise/Conversion

    Class C Common Shares

    [F1]
    2026-05-01+48,454251,566 total
  • Tax Payment

    Class C Common Shares

    2026-05-01$11.77/sh21,201$249,536230,365 total
  • Exercise/Conversion

    Restricted Share Units A

    [F1][F3]
    2026-05-0112,1100 total
    Class A Common Shares (12,110 underlying)
  • Exercise/Conversion

    Restricted Share Units C

    [F1][F3]
    2026-05-0124,2180 total
    Class C Common Shares (24,218 underlying)
  • Exercise/Conversion

    Restricted Share Units A

    [F1][F4]
    2026-05-0112,27012,271 total
    Class A Common Shares (12,270 underlying)
  • Exercise/Conversion

    Restricted Share Units C

    [F1][F4]
    2026-05-0112,27012,271 total
    Class C Common Shares (12,270 underlying)
  • Exercise/Conversion

    Restricted Share Units A

    [F1][F5]
    2026-05-0111,96623,934 total
    Class A Common Shares (11,966 underlying)
  • Exercise/Conversion

    Restricted Share Units C

    [F1][F5]
    2026-05-0111,96623,934 total
    Class C Common Shares (11,966 underlying)
Holdings
  • Class C Common Shares

    [F2]
    (indirect: By 401(k))
    21,415
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

Documents

1 file
  • 4
    wk-form4_1778012191.xmlPrimary

    FORM 4