Nair Balan 4
Research Summary
AI-generated summary
Liberty Latin America CEO Nair Balan Buys 20,000 Shares
What Happened
- Nair Balan, President & CEO and a director of Liberty Latin America Ltd. (tickers: LILA, LILAB, LILAK), reported an acquisition of 20,000 common shares on May 8, 2026. The shares were purchased at a weighted average price of $8.07 per share for a total of $161,490 (transaction code P — purchase). The filing also notes he received 2,777 shares contributed by the issuer under its 401(k) plan as of May 8, 2026.
- This was a purchase (often viewed as a more informative or bullish insider move than a sale), not a sale or option exercise.
Key Details
- Transaction date: May 8, 2026; Form 4 filed May 12, 2026 (timely — within two business days).
- Price: weighted average $8.07; purchases ranged from $8.0650 to $8.0800 (footnote F1).
- Total reported value for the 20,000‑share purchase: $161,490.
- Additional shares: 2,777 shares contributed to the CEO under the issuer’s 401(k) plan as of May 8, 2026 (footnote F2).
- Shares owned after the reported transactions: not specified in the Form 4.
- Transaction type: Open‑market/private purchase (P). The filer offers to provide details on numbers bought at each price upon SEC/issuer/holder request.
Context
- Purchases by executives can signal confidence in the company, but filings are factual records and do not prove intent. The 401(k) contribution is a standard employer plan transaction and should not be interpreted as a market trade.
- No option exercises, sales, or gifts were reported in this filing.