DE ANGOITIA ALFONSO 4
4 · Liberty Latin America Ltd. · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Liberty Latin America Director Alfonso de Angoitia Receives Preferred Shares
What Happened Alfonso de Angoitia, a director of Liberty Latin America Ltd. (LILA), received 14,894 newly issued Series A Preference Shares as a special dividend declared May 21, 2026 and paid June 16, 2026. The Form 4 also reports an additional 1,935 RSU-based Series A Preference share units acquired June 17, 2026 through an RSU adjustment. Both transactions are reported as "other acquisition or disposition (J)" with a reported price of $0.00 because they resulted from a dividend/award adjustment rather than a cash purchase. The Series A Preference Shares have an initial liquidation price of $25.00 per share, implying an aggregate liquidation value of roughly $372,350 for the 14,894 shares and about $48,375 for the 1,935 RSU-derived shares (total ≈ $420,725, based on the $25 liquidation price).
Key Details
- Transaction dates: June 16, 2026 (14,894 Preferred Shares received) and June 17, 2026 (1,935 RSU-derived Preferred Shares).
- Reported price: $0.00 (acquisitions via special dividend/award adjustment).
- Implied value (based on $25 initial liquidation price): ~ $372,350 (June 16) and ~ $48,375 (June 17); total ≈ $420,725. This is an implied liquidation price, not a market sale price.
- Footnotes: Issuer declared a special dividend of 0.10 Series A Preference Shares per outstanding common share; RSUs were adjusted under anti-dilution provisions so Original RSUs convert to RSUs covering Preferred Shares (each RSU = right to one Series A Preference Share).
- Shares owned after the transactions: not stated in the filing.
- Filing timeliness: Form 4 was filed July 17, 2026 for transactions on June 16–17, 2026 — more than the typical two business days after the transaction (i.e., appears late).
Context
- These entries are distribution/award-related, not open-market buys or sales; the $0.00 report price reflects that no cash changed hands on acquisition.
- The RSU entry represents an adjustment to existing restricted share units (derivative rights) to convert them into rights to Preferred Shares per the dividend adjustment; it is not an option exercise or sale.
- For retail investors, dividend/award receipts by insiders are typically administrative and don’t necessarily signal a buy or sell decision by the insider.
Insider Transaction Report
- Other
Series A Preference Shares
[F1]2026-06-16+14,894→ 14,894 total - Other
Restricted Share Units P
[F2][F3]2026-06-17+1,935→ 1,935 totalFrom: 2027-03-15Exp: 2027-03-15→ Series A Preference Shares (1,935 underlying)
Footnotes (3)
- [F1]On May 21, 2026, the Issuer announced that an authorized committee of the Issuer's board of directors declared a special dividend on each of its outstanding common shares payable on June 16, 2026 to all holders of record as of 5:00 p.m., New York City time, on June 1, 2026 consisting of a special dividend of 0.10 shares of newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares (the "Preferred Shares"), having an initial liquidation price of $25 per Preferred Share (the "Dividend"). As a result of the Dividend, the reporting person directly received 14,894 Preferred Shares.
- [F2]Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement.
- [F3]In connection with the Dividend, all RSUs with respect to the Issuer's common stock ("Original RSUs") were adjusted pursuant to the anti-dilution provisions of the incentive plans under which the RSU awards held by the reporting person were granted. Each holder of an Original RSU was entitled to receive an RSU with respect to a number of Preferred Shares equal to 0.10 multiplied by the number of shares of common stock underlying the Original RSU, subject to the same terms and conditions as the Original RSU. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.