Liberty Global Ltd.·4

Mar 3, 4:26 PM ET

Rodriguez Enrique 4

4 · Liberty Global Ltd. · Filed Mar 3, 2026

Research Summary

AI-generated summary of this filing

Updated

Liberty Global CTO Enrique Rodriguez Exercises RSUs, Sells Shares for Taxes

What Happened

  • Enrique Rodriguez, EVP and Chief Technology Officer of Liberty Global (tickers LBTYA/LBTYB/LBTYK), reported RSUs vested in full on March 1, 2026. The RSUs converted into shares (reported as exercise/conversion transactions of 21,314-share blocks).
  • To cover tax withholding on the vesting, 11,388 shares were surrendered at $12.74 (proceeds $145,083) and another 11,388 shares were surrendered at $12.30 (proceeds $140,072), for total proceeds of about $285,155.
  • The reporting shows conversions of three 21,314-share blocks (total 63,942 shares) and two withholding disposals (total 22,776 shares), resulting in a net of roughly 41,166 shares received from the vesting.

Key Details

  • Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
  • Withheld shares and prices: 11,388 shares @ $12.74 ($145,083) and 11,388 shares @ $12.30 ($140,072); total ≈ $285,155.
  • RSU details: Footnote states each RSU converts to one share and that the RSUs vested in full on March 1, 2026.
  • Holdings notes: Filing indicates shares held in the Enrique Rodriguez Management Trust (includes prior transfers of 95,916 Class A and 95,916 Class C shares) and 2,720 shares received via the issuer’s 401(k) plan.
  • Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding (not an open-market sale).

Context

  • This appears to be routine RSU vesting with shares withheld to satisfy tax obligations (a cashless/withholding settlement), not an open-market sell that signals a discretionary exit.
  • Such tax-withholding dispositions are common after awards vest and should be interpreted as administrative tax compliance rather than a personal sell decision.

Insider Transaction Report

Form 4
Period: 2026-03-01
Rodriguez Enrique
EVP, Chief Technology Officer
Transactions
  • Exercise/Conversion

    Class A Common Shares

    [F1][F2][F3]
    2026-03-01+21,314367,279 total(indirect: By Trust)
  • Tax Payment

    Class A Common Shares

    [F3]
    2026-03-01$12.74/sh11,388$145,083355,891 total(indirect: By Trust)
  • Exercise/Conversion

    Class C Common Shares

    [F1][F4][F3]
    2026-03-01+21,314578,064 total(indirect: By Trust)
  • Tax Payment

    Class C Common Shares

    [F3]
    2026-03-01$12.30/sh11,388$140,072566,676 total(indirect: By Trust)
  • Exercise/Conversion

    Restricted Share Units A

    [F1][F6]
    2026-03-0121,3140 total
    Class A Common Shares (21,314 underlying)
  • Exercise/Conversion

    Restricted Share Units C

    [F1][F6]
    2026-03-0121,3140 total
    Class C Common Shares (21,314 underlying)
Holdings
  • Class A Common Shares

    5,875
  • Class C Common Shares

    11,751
  • Class C Common Shares

    [F5]
    (indirect: By 401(k))
    15,892
Footnotes (6)
  • [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]Includes 95,916 Class A common shares previously owned directly by the Reporting Person which were transferred to the Enrique Rodriguez Management Trust, of which the Reporting Person is a trustee.
  • [F3]Shares are held by the Enrique Rodriguez Management Trust, of which the Reporting Person is the trustee.
  • [F4]Includes 95,916 Class C common shares previously owned directly by the Reporting Person which were transferred to the Enrique Rodriguez Management Trust, of which the Reporting Person is a trustee.
  • [F5]The Reporting Person received 2,720 shares contributed by Issuer under its 401(k) Plan as of March 1, 2026.
  • [F6]The RSUs vested in full on March 1, 2026.
Signature
/s/ Cory Smith, Attorney-in-Fact|2026-03-03

Documents

1 file
  • 4
    wk-form4_1772573212.xmlPrimary

    FORM 4