CURTIS MIRANDA 4
Research Summary
AI-generated summary
Liberty Latin America Director Curtis Miranda Receives RSUs, Settles 22,431 Shares
What Happened
- Curtis Miranda, a director of Liberty Latin America Ltd. (tickers: LILA, LILAB, LILAK), received restricted share unit (RSU) awards on 2026-03-13 and those awards settled on 2026-03-15 into common shares. The filing shows grants of 6,452 and 12,904 RSUs (total 19,356 RSUs) on 3/13 (reported as derivative awards). On 3/15 the RSUs converted/settled (exercise/conversion code M) into 7,477 and 14,954 shares (total 22,431 shares) reported as acquired at $0.00. To satisfy tax withholding (code F), 359 shares were surrendered at $7.58 ($2,721) and 718 shares at $7.77 ($5,579), a total tax withholding of 1,077 shares (~$8,300). Net new shares delivered to Miranda after withholding: 21,354 shares.
Key Details
- Transaction dates: RSU grants on 2026-03-13; settlement/exercise and tax withholding on 2026-03-15; Form 4 filed 2026-03-17 (appears timely).
- Prices reported: RSU settlement recorded at $0.00 (typical for awards); tax withholding shares at $7.58 and $7.77 per share.
- Shares acquired (gross): 22,431; shares withheld for taxes (disposed): 1,077; net increase ≈ 21,354 shares.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnote: F1 clarifies each Restricted Share Unit equals a right to receive one Class A or Class C common share at settlement.
- Transaction codes: A = award/grant, M = exercise/conversion of derivative, F = payment of exercise price or tax liability (share withholding).
Context
- This activity is compensation-related (RSU grant and settlement), not an open-market purchase or sale. The shares withheld were used to cover tax withholding at settlement (a common practice) rather than an open-market sale, so it does not necessarily signal a change in the director’s view of the stock.