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Liberty Global Ltd.·4

Jun 25, 5:37 PM ET

WARGO J DAVID 4

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Liberty Global Director J. David Wargo Receives RSUs, Exercises Options

What Happened J. David Wargo, a director of Liberty Global Ltd. (tickers LBTYA / LBTYB / LBTYK), had multiple derivative transactions on June 23, 2026. The filing shows exercises/conversions and awards/grants of derivative securities (RSUs/options). Specifically, the filing lists two exercise/conversion acquisitions of 5,809 shares (each) and two matching disposals of 5,809 shares (each), plus grants/awards totaling 36,084 derivative units (5,230 shares twice and 12,812 shares twice, the latter reported at $0.00). Exercises and disposals offset each other (11,618 acquired and 11,618 disposed), resulting in a net increase of 36,084 RSU/derivative units. No cash consideration or market value was reported for the grants (prices listed as N/A or $0.00).

Key Details

  • Transaction date: 2026-06-23; Form 4 filed 2026-06-25 (timely filing).
  • Reported entries:
    • Exercises/conversions (code M): 5,809 shares acquired (x2) and 5,809 shares disposed (x2).
    • Grants/awards (code A, derivative/RSU): 5,230 shares (x2, N/A) and 12,812 shares (x2, $0.00).
  • Net change from these entries: +36,084 RSU/derivative units.
  • Footnotes of interest:
    • F1: Each RSU represents a right to one Class A or Class C common share.
    • F3/F4/F5: Some RSUs vested in full on the Issuer’s 2026 annual meeting (F5); other RSUs will vest on the 2027 annual meeting (F3); an option vests in three equal annual installments beginning at the 2027 annual meeting (F4).
    • F2: The reporting person disclaims beneficial ownership of these securities.
  • Shares owned after transaction: not specified in the provided excerpt.
  • Trading symbols: LBTYA, LBTYB, LBTYK.

Context

  • These are primarily derivative transactions (RSUs and option-related conversions). RSUs are awards that convert into common shares according to vesting rules; the filing indicates some RSUs already vested and others vest in future annual meetings. The exercises paired with immediate disposals in the filing are consistent with routine post-exercise transfers (e.g., cashless exercise or transfer for tax withholding), but the filing itself does not state the reason.