Nair Balan 4

What Happened

• Nair Balan, President and CEO of Liberty Latin America Ltd. (tickers LILA / LILAB / LILAK), recorded three "other acquisition or disposition (J)" transactions on 2026-06-17 that together added 131,916 derivative awards (23,622 + 46,359 + 61,935) at $0.00. These are restricted share unit (RSU) rights that represent the right to receive Series A Preference Shares at settlement (see footnote F1). No cash was paid in these transactions — the awards reflect an adjustment/conversion tied to a special dividend declared May 21, 2026.

Key Details

• Transaction date: 2026-06-17; Filing date: 2026-07-17 (filed about one month after transaction — late relative to the usual 2-business-day Form 4 rule).
• Amounts: 23,622; 46,359; and 61,935 RSU-based derivative awards; total = 131,916 units; price reported = $0.00 (no cash).
• These RSUs represent rights to newly issued 9.0% Fixed Rate Cumulative Perpetual Series A Preferred Shares (initial liquidation price $25 per preferred share) created as part of a special dividend (0.10 Series A Preference share per common share) declared May 21, 2026 and payable June 16, 2026 (record date June 1).
• Adjustment details: Original common-stock-linked RSUs were adjusted under the incentive plan’s anti-dilution provisions so holders received RSUs tied to Preferred Shares (footnote F2). The RSUs vest in full on March 15, 2027 (footnote F3). Ownership after the transactions is not specified in the provided excerpt.
• These entries are derivative/award adjustments (code J) rather than open-market purchases or sales.

Context

• This filing documents an administrative adjustment/conversion of equity awards following a special dividend, not an open-market trade. For retail investors, these transactions are not direct bullish or bearish trades in the market — they reflect changes in the form of compensation/awards tied to the dividend. The late filing may be a reporting-timeliness issue but does not by itself indicate insider intent.