Liberty Latin America Ltd.·4

Mar 17, 5:42 PM ET

ZOOK BRIAN D 4

Research Summary

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Liberty Latin America (LILA) Brian Zook Exercises Awards; Shares Withheld

What Happened
Brian D. Zook, Liberty Latin America’s Managing Director and Chief Accounting Officer, had derivative awards/RSUs settle and shares issued in mid‑March 2026. On 2026-03-13 he was granted a total of 50,304 restricted share units (16,768 + 33,536). On 2026-03-15 portions of derivative awards were converted/settled into 38,755 shares (5,700 + 7,218 + 11,401 + 14,436). To cover tax withholding obligations, 11,144 shares were withheld (disposed) at prices between $7.58 and $7.77, generating roughly $85,883 in tax withholding. Net shares delivered to him from the settlements were approximately 27,611 shares.

Key Details

  • Filing date: 2026-03-17; reporting period includes transactions dated 2026-03-13 and 2026-03-15.
  • Grants: 50,304 RSUs granted on 2026-03-13 (16,768 and 33,536 units, $0 per unit).
  • Settlements/exercises: 38,755 shares converted/issued on 2026-03-15 (multiple derivative exercises).
  • Tax withholding: 11,144 shares were withheld (codes F) at $7.58–$7.77 per share, totaling approximately $85,883.
  • Footnotes: F1 notes each RSU equals one share on settlement; F3/F4 describe RSU vesting schedules; F2 relates to SAR vesting (future vesting dates).
  • Shares owned after the transactions were not specified in the provided data. No 10b5-1 plan or late‑filing disclosure was provided in the supplied summary.

Context

  • These entries reflect awards vesting/settling and the routine withholding of shares to cover taxes (a common non‑market sale). This is not an open‑market sale that signals active selling of stock for cash beyond tax obligations.
  • For derivative/RSU transactions: “M” entries indicate exercise/conversion/settlement of awards; “A” indicates grant; “F” indicates shares withheld to satisfy tax liabilities.
  • Retail investors should view this as standard compensation settlement activity rather than an explicit buy or sell decision by the insider.