Hussain Aamir 4

What Happened

• Hussain Aamir, SVP, CT&PO of Liberty Latin America (tickers: LILA / LILAB / LILAK; Pref ticker LILAP), received 60,770 Series A 9.0% Fixed Rate Cumulative Perpetual Redeemable Preferred Shares on June 16, 2026 as a special dividend (reported on Form 4). The preferred shares were received at $0 (dividend) and have an initial liquidation price of $25 per share — an implied initial liquidation value of about $1.52M (60,770 × $25).
• The filing also shows derivative adjustments (treated as "Other acquisition or disposition (J)") reported June 17, 2026: additional derivative share amounts of 7,086; 13,458; and 17,419 shares. These represent adjustments to existing Share Appreciation Rights (SARs) under the issuer’s anti‑dilution provisions following the dividend, not new cash purchases.

Key Details

• Transaction dates: Preferred dividend payable June 16, 2026; SAR adjustments reported June 17, 2026. Filing date: July 17, 2026 (filed ~31 days after the primary transaction).
• Price: All items reported as acquired at $0. Preferred initial liquidation price stated as $25 per share.
• Shares acquired: 60,770 Preferred Shares; derivative adjustments of 7,086; 13,458; 17,419 SAR‑related shares.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes: F1 documents the special dividend (0.10 preferred share per common share); multiple footnotes (F10–F22, etc.) state prior SAR amounts and that SARs were adjusted under anti‑dilution provisions and approved by the compensation committee. Vesting schedules vary by award (some vest in 2027, some in installments through 2029; some may be fully vested).
• Timeliness: Filing appears late relative to the transaction (transaction date June 16, filing July 17) — the Form 4 was not filed within the typical 2 business days.

Context

• This transaction is a corporate special dividend distribution of preferred shares and administrative adjustments to equity awards (SARs). Receiving a dividend is not the same as an insider buy; the derivative entries reflect contractual anti‑dilution adjustments to existing awards rather than open‑market purchases or exercises for cash.
• The SAR adjustments change the number of underlying shares and base prices per the incentive plan’s anti‑dilution terms; vesting and exercise rules remain governed by the original award documents and the compensation committee’s approvals.