Sanchez Daniel E. 4
4 · Liberty Latin America Ltd. · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Liberty Latin America Director Daniel E. Sanchez Receives Preferred Shares
What Happened
- Daniel E. Sanchez, a director of Liberty Latin America Ltd. (tickers: LILA, LILAB, LILAK; Series A Pref: LILAP), acquired a total of 11,009 Series A Preferred Shares in mid‑June 2026 as part of a special dividend.
- Transactions reported: 9,074 Preferred Shares were issued and received on June 16, 2026 (reported as an other acquisition, code J) and 1,935 shares were recorded on June 17, 2026 as derivative acquisitions tied to restricted share units (RSUs). All shares were reported at $0.00 because they were issued as a dividend/adjustment rather than bought on the open market.
- The Preferred Shares have an initial liquidation price of $25.00 each, implying an approximate aggregate value of $275,225 for the 11,009 shares.
Key Details
- Transaction dates & types: 6/16/2026 — 9,074 Preferred Shares issued (other acquisition, J); 6/17/2026 — 1,935 derivative Preferred Shares from RSU adjustments (J).
- Price reported: $0.00 per share (issued as a dividend/award).
- Shares received total: 11,009 Series A Preferred Shares (implied value ≈ $275,225 at $25 liquidation price).
- RSU notes: Each Restricted Share Unit P represents a right to one Series A Preferred Share at settlement. The RSUs were adjusted under anti‑dilution provisions due to the dividend; the adjusted RSUs vest in full on March 15, 2027.
- Corporate approval: The compensation committee approved RSU adjustments under Rule 16b‑3.
- Filing timeliness: The Form 4 was filed on 2026‑07‑17 for transactions occurring on 2026‑06‑16/17, which is later than the standard two‑business‑day reporting window (i.e., an untimely filing).
Context
- These entries are not open‑market purchases or sales but reflect a special dividend distribution of newly issued Series A Preferred Shares (0.10 preferred share per common share of record), and an adjustment to outstanding RSUs to give holders equivalent preferred‑share exposure. The derivative line reports the RSU‑based right to receive Preferred Shares; those RSUs vest March 15, 2027.
Insider Transaction Report
Form 4
Sanchez Daniel E.
Director
Transactions
- Other
Series A Preference Shares
[F1]2026-06-16+9,074→ 9,074 total - Other
Restricted Share Units P
[F2][F3][F4]2026-06-17+1,935→ 1,935 total→ Series A Preference Shares (1,935 underlying)
Footnotes (4)
- [F1]On May 21, 2026, the Issuer announced that an authorized committee of the Issuer's board of directors declared a special dividend on each of its outstanding common shares payable on June 16, 2026 to all holders of record as of 5:00 p.m., New York City time, on June 1, 2026 consisting of a special dividend of 0.10 shares of newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares (the "Preferred Shares"), having an initial liquidation price of $25 per Preferred Share (the "Dividend"). As a result of the Dividend, the reporting person directly received 9,074 Preferred Shares.
- [F2]Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement.
- [F3]In connection with the Dividend, all RSUs with respect to the Issuer's common stock ("Original RSUs") were adjusted pursuant to the anti-dilution provisions of the incentive plans under which the RSU awards held by the reporting person were granted. Each holder of an Original RSU was entitled to receive an RSU with respect to a number of Preferred Shares equal to 0.10 multiplied by the number of shares of common stock underlying the Original RSU, subject to the same terms and conditions as the Original RSU. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- [F4]The Restricted Share Units vest in full on March 15, 2027.
Signature
/s/ John M. Winter, Attorney-in-Fact|2026-07-17