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Liberty Global Ltd.·4

Jun 25, 5:37 PM ET

COLE ANDREW 4

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Liberty Global (LBTY) Director Andrew Cole Receives RSUs, Exercises Options

What Happened

  • Andrew Cole, a director of Liberty Global Ltd. (tickers: LBTYA / LBTYB / LBTYK), reported a package of derivative transactions on June 23, 2026. The filing shows awards (RSUs) and option/derivative exercises/conversions. Grants: two awards of 5,230 RSUs and two awards of 12,812 RSUs (the 12,812 entries show $0.00). Exercises/conversions: two acquired entries of 5,809 shares and two matching disposed entries of 5,809 shares (i.e., those exercised amounts were subsequently disposed). Net effect reported in the filing is an increase of 36,084 derivative shares from the awards; the filing does not show cash amounts for the exercises or most awards.

Key Details

  • Transaction date: 2026-06-23; Form 4 filed 2026-06-25 (appears timely under Section 16 reporting rules).
  • Grants/Awards: 5,230 shares (x2) and 12,812 shares (x2); the 12,812-share awards are listed at $0.00.
  • Exercises/Conversions: 5,809 shares acquired (x2) and 5,809 shares disposed (x2) — the acquired and disposed amounts match for these exercises.
  • Net reported increase: +36,084 derivative shares (awarded RSUs) after offsetting the matching exercise disposals.
  • Shares owned after the transactions: not specified in the provided excerpt of the filing.
  • Notable footnotes:
    • F1: Each RSU represents a right to receive one Class A or Class C common share.
    • F2: Reporting person disclaims beneficial ownership.
    • F3: Some RSUs will vest in full on the issuer’s 2027 annual general meeting.
    • F4: The option vests in three equal annual installments starting at the 2027 AGM.
    • F5: Certain RSUs vested in full on the issuer’s 2026 annual general meeting.

Context

  • RSUs are awards that convert into shares when vested; the filing shows awards and option conversions rather than open-market purchases or outright sales. The matched exercise-acquire and dispose entries (5,809 shares each) indicate the exercised shares were converted and then disposed of, but the Form 4 does not state whether those disposals were sales, tax-withholding transfers, or other transfers. The filing contains no dollar amounts for most entries, so no market-value estimate is provided here.