WINTER JOHN M 4
4 · Liberty Latin America Ltd. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Liberty Latin America SVP John Winter Buys Shares via ESPP
What Happened John M. Winter, SVP, CLO and Secretary of Liberty Latin America (LILA), acquired shares under the company's Employee Stock Purchase Plan (ESPP) on 2025-12-31. He received a 320-share match (reported at $0.00) and purchased 509 shares at $6.43 each (total $3,273). To satisfy tax liabilities related to the ESPP purchase and match, 224 shares were withheld by the issuer (184 shares and 40 shares) at a reported value of $7.46 each (total value withheld $1,671). Net share increase from the transactions: +605 shares.
Key Details
- Transaction date: 2025-12-31; Filing date: 2026-02-10 (filing appears delayed relative to the typical 2-business-day Form 4 deadline).
- Acquisitions: 320 shares @ $0.00 (match benefit) and 509 shares @ $6.43 (purchase) — combined 829 shares; reported purchase cost for the 509-share lot = $3,273.
- Withheld for taxes: 184 shares @ $7.46 ($1,373) and 40 shares @ $7.46 ($298) — total 224 shares withheld, value $1,671.
- Net effect: +605 shares retained by the insider after withholding.
- Footnotes: transactions were made under the ESPP and its match benefit, exempt under Rule 16b-3(c)/(d); the plan’s "look-back" feature was used to set the purchase price.
- Shares owned after the transaction: not specified in the filing.
- Trading symbols: LILA, LILAB, LILAK.
Context
- These were ESPP transactions (employee purchase + employer match). The match shares are typically awarded rather than bought by the insider; the look-back feature can lower the purchase price by using the lower closing price at the start or end of the contribution period.
- The shares "disposed" here reflect shares withheld by the company to satisfy tax withholding — not open-market sales. Such withholdings are routine for ESPP purchases and tax withholding.
- The filing notes exemptions under Rule 16b-3, which are standard for compensatory employee plan transactions.
Insider Transaction Report
- Award
Class C Common Shares
[F1]2025-12-31+320→ 391,773 total - Tax Payment
Class C Common Shares
[F2]2025-12-31$7.46/sh−184$1,373→ 391,589 total - Award
Class C Common Shares
[F3][F4]2025-12-31$6.43/sh+509$3,273→ 392,098 total - Tax Payment
Class C Common Shares
[F2]2025-12-31$7.46/sh−40$298→ 392,058 total
- 176(indirect: By IRA)
Class C Common Shares
- 18,147(indirect: By 401(k))
Class C Common Shares
Footnotes (4)
- [F1]These shares were acquired pursuant to the "match benefit" of ESPP in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- [F2]Represents common shares that have been withheld by the Issuer to satisfy the tax liability in connection with the purchase of shares under the ESPP and its look-back feature and the issuance of shares pursuant to the "match benefit."
- [F3]These shares were acquired under the Liberty Latin America Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- [F4]The Employee Stock Purchase Plan's "look-back" feature was used to determine the purchase price for these shares. The "look-back" feature compares the closing price of the Issuer's Class C common shares on the first and last trading days of the contribution period, with the lower of the two being used to determine the purchase price.