Jacobson Roberta S. 4
4 · Liberty Latin America Ltd. · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Liberty Latin America (LILA) Director Roberta Jacobson Receives Preferred Shares
What Happened
Roberta S. Jacobson, a director of Liberty Latin America (LILA), received a total of two types of Series A Preferred Shares in mid‑June 2026 as non‑cash awards/adjustments. On June 16, 2026 she was issued 4,927 Series A Preferred Shares as a special dividend (acquisition reported at $0.00). On June 17, 2026 she was credited with 1,935 additional Preferred Shares in connection with Restricted Share Unit (RSU) adjustments (also reported at $0.00). The issuer set an initial liquidation price of $25 per Preferred Share, which implies an initial liquidation value of roughly $123,175 for the 4,927 shares and about $48,375 for the 1,935 shares (total ~ $171,550) — this is the stated liquidation price, not a market sale value.
Key Details
- Transaction dates and type: 6/16/2026 — Other acquisition (special dividend) 4,927 shares @ $0.00; 6/17/2026 — Other acquisition (derivative RSU adjustment) 1,935 shares @ $0.00.
- Price/value shown on Form 4: $0.00 (awarded/issued rather than purchased). Issuer specified initial liquidation price of $25 per Preferred Share.
- Shares owned after transaction: not specified in the excerpt of this filing.
- Notable footnotes: the 6/16 dividend was 0.10 Series A Preferred per common share (F1); each Restricted Share Unit P represents a right to one Preferred Share at settlement (F2); Original RSUs were adjusted under anti‑dilution rules to reflect the dividend (F3); the adjusted RSUs vest in full on March 15, 2027 (F4). Adjustments were approved by the compensation committee pursuant to Rule 16b‑3.
- Filing timeliness: Form 4 was filed July 17, 2026 for transactions on June 16–17, 2026 — more than the typical 2 business days after the transactions, so the filing appears late.
Context
These entries are awards/adjustments tied to a special dividend and RSU anti‑dilution mechanics, not open‑market purchases or sales. Derivative/RSU entries reflect rights to receive Preferred Shares at settlement (vesting date March 15, 2027), so they are not immediate cash transactions. Such dividend/award entries are routine corporate actions and do not by themselves indicate insider buying or selling intent. The trading symbols are LILA, LILAB, LILAK for common shares and LILAP for the Series A Preference Shares.
Insider Transaction Report
- Other
Series A Preference Shares
[F1]2026-06-16+4,927→ 4,927 total - Other
Restricted Share Units P
[F2][F3][F4]2026-06-17+1,935→ 1,935 total→ Series A Preference Shares (1,935 underlying)
Footnotes (4)
- [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 4,927 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.
- [F4]The Restricted Share Units vest in full on March 15, 2027.