Rodriguez Enrique 4
4 · Liberty Global Ltd. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Liberty Global CTO Enrique Rodriguez Receives Award; Sells Shares for Taxes
What Happened
Enrique Rodriguez, EVP and Chief Technology Officer of Liberty Global (LBTY), received equity awards tied to the company's 2025 Annual Performance Award and related restricted share units (RSUs). The filing shows grants of 178,462 shares twice (reflecting Class A and Class C awards) and RSUs of 22,307 twice (one set per share class). To satisfy tax withholding on the awards, 84,128 shares were disposed on 2026-03-06 at $12.54 (proceeds $1,054,965) and another 84,128 shares were disposed on 2026-03-06 at $12.36 (proceeds $1,039,822), for a combined withholding/sale of 168,256 shares and gross proceeds of about $2.09 million. These disposals were reported on a Form 4 filed 2026-03-10.
Key Details
- Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (timely filing).
- Disposals for tax withholding: 84,128 shares @ $12.54 (≈ $1,054,965) and 84,128 shares @ $12.36 (≈ $1,039,822). Total ≈ $2,094,787. (Transaction code F = payment of tax liability.)
- Awards granted: 178,462 shares (Class A) and 178,462 shares (Class C) — listed as awards (A). RSUs: 22,307 RSUs tied to each share class (derivative RSU awards).
- Footnotes: awards were part of the 2025 Annual Performance Award paid in part in shares and subject to tax withholding (F1); some shares are held in the Enrique Rodriguez Management Trust (F2); each RSU equals a right to one Class A or Class C share (F3); RSUs equal to 12.5% of awarded shares vest in full on 2027-03-01 if bonus shares are not sold/transferred before that date (F4).
- Shares owned after the transactions: not specified in the provided summary of the filing.
Context: The disposals here were to satisfy tax withholding obligations tied to a performance share award (a routine administrative step), not an open-market investment sale. The RSUs are future deliverable shares subject to vesting conditions (vesting in full on March 1, 2027 if bonus shares are retained).
Insider Transaction Report
- Award
Class A Common Shares
[F1]2026-03-06+178,462→ 184,337 total - Tax Payment
Class A Common Shares
2026-03-06$12.54/sh−84,128$1,054,965→ 100,209 total - Award
Class C Common Shares
[F1]2026-03-06+178,462→ 190,213 total - Tax Payment
Class C Common Shares
2026-03-06$12.36/sh−84,128$1,039,822→ 106,085 total - Award
Restricted Share Units A
[F3][F4]2026-03-06+22,307→ 22,307 total→ Class A Common Shares (22,307 underlying) - Award
Restricted Share Units C
[F3][F4]2026-03-06+22,307→ 22,307 total→ Class C Common Shares (22,307 underlying)
- 355,891(indirect: By Trust)
Class A Common Shares
[F2] - 566,676(indirect: By Trust)
Class C Common Shares
[F2] - 15,892(indirect: By 401(k))
Class C Common Shares
Footnotes (4)
- [F1]Class A and Class C common shares of the Issuer received by the Reporting Person pursuant to the Issuer's 2025 Annual Performance Award for employees (which was paid in part in shares), subject to applicable tax withholding.
- [F2]Shares are held by the Enrique Rodriguez Management Trust, of which the Reporting Person is the trustee.
- [F3]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.
- [F4]Based on the Reporting Person's receipt of shares as part of the 2025 Annual Performance Award described in footnote 1, the Reporting Person also received RSUs equal to 12.5% of such shares received pursuant to the shareholding incentive program of the 2025 Annual Performance Award program. These RSUs will vest in full on March 1, 2027, provided that the Reporting Person does not sell, transfer or otherwise dispose of the Bonus Shares through such date.