Form 4: Liberty Global Executive Charles Bracken Reports Changes in Beneficial Ownership

Charles Bracken, EVP & CFO of Liberty Global, reports acquisition and disposal of Class A and Class C common shares and Restricted Share Units (RSUs) related to the company's 2023 Annual Performance Award.

Summary

• On March 8, 2024, Charles Bracken, EVP & CFO of Liberty Global, reported changes in his beneficial ownership of the company's securities.
• He acquired 6,373 Class A common shares and 6,373 Class C common shares as part of the 2023 Annual Performance Award.
• He also disposed of 2,996 Class A common shares at $17.36 and 2,996 Class C common shares at $18.17.
• Additionally, he acquired 796 Restricted Share Units (RSUs) for both Class A and Class C common shares, which will vest on March 1, 2025, contingent on not selling the bonus shares before that date.
• Following these transactions, Bracken directly owns 51,646 Class A common shares and 8,367 Class C common shares.
• He also owns 796 RSUs for both Class A and Class C common shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing primarily reflects routine transactions related to executive compensation. The acquisition of shares and RSUs suggests a positive outlook, but the disposal of some shares tempers the overall sentiment.

Positives

• The acquisition of shares through the Annual Performance Award indicates confidence in the company's future performance.

Future Outlook

The vesting of RSUs on March 1, 2025, is contingent on the Reporting Person not selling, transferring, or disposing of the Bonus Shares through such date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding management's view on the company's stock.

Key Dates