BRACKEN CHARLES H R 4
Research Summary
AI-generated summary
Liberty Global (LBTY) CFO Charles Bracken Receives Award; Shares Withheld
What Happened
- Charles H. R. Bracken, EVP & CFO of Liberty Global Ltd., was issued awards (Code A) of 24,570 shares on 2026-03-13 (two separate awards, total 49,140 shares). To cover applicable tax withholding (Code F), 11,548 shares were withheld twice (total 23,096 shares), with reported withholding values of $140,655 (11,548 @ $12.18) and $137,537 (11,548 @ $11.91), for a combined cash value of $278,192. These dispositions are tax-withholding transactions, not open-market sales.
Key Details
- Transaction date: 2026-03-13 (Form 4 filed 2026-03-17)
- Awards: 24,570 shares x 2 = 49,140 shares acquired (price N/A; issuance per compensation plan)
- Tax withholding: 11,548 shares x 2 = 23,096 shares withheld; $140,655 and $137,537 respectively (total $278,192)
- Shares owned after transaction: not disclosed in the provided filing excerpt
- Footnotes: F1 — shares issued at the discretion of the compensation committee after completion of the 3-year performance period for the 2023 Ventures Incentive Plan (Jan 1, 2023–Dec 31, 2025). F2 — shares are held by Charlouise Ltd., an entity controlled by the reporting person.
- Filing timeliness: Form 4 was filed two business days after the transaction date (within the typical 2-business-day deadline).
Context
- These transactions reflect compensation-related awards that vested after a performance period and routine share withholding to satisfy tax obligations. Withholding (F) entries are common and should not be read as open-market selling by the insider. Awards granted by the company are compensation, not direct purchases; such grants are informative about pay but not necessarily a bullish insider buy signal.