Liberty Latin America (LILA) CEO shifts between share classes and gains vested award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liberty Latin America Ltd. President and CEO Nair Balan reported several equity-related transactions involving the company’s multiple share classes. On March 27, 2026, he surrendered 1,363,080 Class A common shares to Liberty Latin America at $7.81 per share and received 1,300,243 Class C common shares at $7.84 per share under an Exchange Agreement, with values based on March 20, 2026 closing prices. Following this exchange, he directly held 93 Class A common shares and 3,105,039 Class C common shares, plus additional indirect Class C holdings through a 401(k) plan and an IRA. On March 30, 2026, the compensation committee approved vesting of 132,813 Class B common share performance share units, leaving him with 561,563 Class B common shares, which are each convertible into one Class A common share at any time for no additional consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Nair Balan
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Shares | 132,813 | $0.00 | -- |
| Disposition | Class A Common Shares | 1,363,080 | $7.81 | $10.65M |
| Grant/Award | Class C Common Shares | 1,300,243 | $7.84 | $10.19M |
| holding | Class C Common Shares | -- | -- | -- |
| holding | Class C Common Shares | -- | -- | -- |
Holdings After Transaction:
Class B Common Shares — 561,563 shares (Direct);
Class A Common Shares — 93 shares (Direct);
Class C Common Shares — 3,105,039 shares (Direct);
Class C Common Shares — 18,863 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- The Reporting Person surrendered 1,363,080 Class A common shares to the Issuer and received 1,300,243 Class C common shares (the "Exchange") pursuant to an Exchange Agreement between the Issuer and the Reporting Person, dated March 27, 2026. The Exchange is exempt pursuant to Rules 16b-3(d) and (e) of the Securities Exchange Act of 1934, as amended. According to the terms of the Exchange Agreement, the value of the Class A and Class C common shares was equal to the closing prices of such shares on March 20, 2026. The Reporting Person's Schedule 13D/A No.2 filed on March 31, 2026 provides additional information regarding the exchange. Each Class B Common Share is convertible, at the holder's election, into one Class A Common Share, at any time for no consideration other than the surrender of the Class B Common Share for each Class A Common Share. The Issuer's Compensation Committee approved vesting of 132,813 Class B common share performance share units by the Reporting Person based on his and the Issuer's 2026 performance.
Key Figures
Class A shares surrendered: 1,363,080 shares at $7.81
Class C shares received: 1,300,243 shares at $7.84
Vested Class B performance units: 132,813 shares
+5 more
8 metrics
Class A shares surrendered
1,363,080 shares at $7.81
Class A common shares exchanged on March 27, 2026
Class C shares received
1,300,243 shares at $7.84
Class C common shares received in Exchange Agreement
Vested Class B performance units
132,813 shares
Performance share units vested based on 2026 performance
Class B holdings after vesting
561,563 shares
Direct Class B common shares following March 30, 2026 vesting
Class C direct holdings
3,105,039 shares
Direct Class C common shares after exchange on March 27, 2026
Indirect Class C via 401(k)
18,863 shares
Class C common shares held indirectly by 401(k) plan
Indirect Class C via IRA
1,139 shares
Class C common shares held indirectly by IRA
Class A direct holdings
93 shares
Class A common shares directly held after exchange
Key Terms
Exchange Agreement, performance share units, Rules 16b-3(d) and (e), Schedule 13D/A, +2 more
6 terms
Exchange Agreement financial
"received 1,300,243 Class C common shares (the "Exchange") pursuant to an Exchange Agreement between the Issuer and the Reporting Person"
Rules 16b-3(d) and (e) regulatory
"The Exchange is exempt pursuant to Rules 16b-3(d) and (e) of the Securities Exchange Act of 1934"
Schedule 13D/A regulatory
"The Reporting Person's Schedule 13D/A No.2 filed on March 31, 2026 provides additional information regarding the exchange"
A Schedule 13D/A is an amended disclosure filed with regulators by an investor who already reported owning more than 5% of a company’s shares and needs to update their original filing. Think of it as a public status update that tells markets whether the investor’s ownership, plans, or source of funds have changed; such updates matter because they can signal a push for control, major strategic moves, or increased pressure on management, which can affect stock prices.
convertible financial
"Each Class B Common Share is convertible, at the holder's election, into one Class A Common Share"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What insider transactions did Liberty Latin America (LILA) CEO Nair Balan report?
Nair Balan reported an exchange of 1,363,080 Class A shares for 1,300,243 Class C shares and vesting of 132,813 Class B performance share units. These actions adjusted his holdings across Liberty Latin America’s share classes without open-market buying or selling.
Does the Liberty Latin America (LILA) Form 4 show any open-market stock purchases or sales?
The Form 4 does not show open-market purchases or sales. It reports a share class exchange between the CEO and Liberty Latin America and the vesting of performance share units, along with updated direct and indirect holdings across share classes.