PADDICK BRENDAN J 4

What Happened

• Brendan J. Paddick, a director of Liberty Latin America Ltd. (tickers LILA / LILAP), received 344,367 newly issued Series A 9.0% fixed-rate cumulative perpetual preferred shares as a special dividend payable June 16, 2026 (reported as an other acquisition, code J). These preferred shares have an initial liquidation price of $25 each (aggregate value ≈ $8.61M at $25/share).
• On June 17, 2026, Paddick also acquired 1,935 preferred shares attributable to adjustments to his Restricted Share Units (RSUs) under the company’s anti-dilution provisions (reported as a derivative acquisition; these RSUs convert 1:1 to Series A preference shares at settlement). The RSU awards vest in full on March 15, 2027.

Key Details

• Transaction dates and price: 6/16/2026 — 344,367 Series A preferred shares acquired at $0.00 (special dividend); 6/17/2026 — 1,935 RSU-derived preferred shares acquired at $0.00. Initial liquidation price of each preferred share is $25.
• Approximate value: 344,367 × $25 ≈ $8.61M; 1,935 × $25 ≈ $48k; combined ≈ $8.66M (these were dividend/award distributions, not purchases).
• Shares owned after transaction: the Form 4 did not disclose total post-transaction holdings of preferred or common shares.
• Notable footnotes: The board declared a special dividend of 0.10 Series A preferred share per common share outstanding; Original RSUs were adjusted per anti-dilution rules so each Original RSU entitles the holder to 0.10 preferred shares (F1–F4). RSUs vest 3/15/2027.
• Filing timeliness: The Form 4 was filed on 2026-07-17 for transactions occurring 6/16–6/17/2026, which is after the usual two-business-day reporting window — the filing appears late.

Context

• These entries are not open-market purchases or sales; they reflect a company-declared stock dividend and contract adjustments to RSUs. Such dividend distributions and RSU adjustments are corporate actions and do not necessarily signal the insider’s view of the company’s stock.
• Transaction code J ("other acquisition or disposition") is commonly used for dividend issuances; the derivative entry reflects RSU adjustment/settlement rights rather than an option exercise or sale.