Liberty Latin America (LILA) CFO Christopher Noyes Acquires Shares via ESPP
$LILA · Liberty Latin America Ltd.Research Summary
AI-generated summary of this SEC filing
Liberty Latin America (LILA) CFO Christopher Noyes Acquires Shares via ESPP
What Happened
Christopher J. Noyes, Chief Financial Officer of Liberty Latin America (LILA), acquired shares under the company's Employee Stock Purchase Plan (ESPP) on 2026-06-30. The filing shows a purchase of 2,500 common shares at $7.32 each (total $18,300) using the ESPP look‑back price, plus additional matched shares issued to him (reported as acquisitions of 833 shares and 83 shares at $0.00). To satisfy tax and purchase obligations, 658 shares were withheld at $7.79 ($5,126) and 93 shares were withheld at $7.32 ($681), a total withholding value of approximately $5,807. Net, he acquired 3,416 shares and had 751 shares withheld, for a net increase of 2,665 shares.
Key Details
- Transaction date: June 30, 2026; Form 4 filed August 3, 2026 (filed well after the typical 2-business-day Form 4 window).
- Exact transactions reported: 2,500 shares acquired @ $7.32 (cost $18,300); 833 and 83 shares acquired @ $0.00 (match/award); 658 and 93 shares withheld/disposed to cover tax/exercise liabilities (total withheld value ~$5,807).
- Net shares added (acquired minus withheld): +2,665 shares.
- Shares owned following the transaction: not specified in the information provided in this summary.
- Notable footnotes: purchases were made under the ESPP using the plan’s look‑back feature (F4); some shares reflect the ESPP “match benefit” and preferred shares issued at a 0.10 rate per matching share (F1, F3, F5); withheld shares satisfy tax liability (F2).
- Filing timeliness: The Form 4 was filed on 2026-08-03 for 2026-06-30 transactions — later than the standard 2-business-day reporting window for insiders.
Context
These transactions are routine ESPP activity: an officer purchased shares at the plan price (with a look‑back discount) and received plan matching shares; portions were withheld to satisfy taxes. Purchases and matched awards are generally viewed as insider acquisitions (a potential positive indicator), while tax-withholding disposals are administrative and do not necessarily signal a decision to sell.