Form 4: Liberty Latin America CFO Reports Stock Transactions

Christopher J. Noyes, CFO of Liberty Latin America, reports acquisition and disposal of Class C Common Shares related to the Employee Stock Purchase Plan and 401(k) Plan.

Summary

• Christopher J. Noyes, the SVP and CFO of Liberty Latin America Ltd., filed a Form 4 on July 26, 2024, reporting transactions in Class C Common Shares.
• On June 30, 2024, Noyes acquired 2,360 shares through the Employee Stock Purchase Plan (ESPP) at $7.39 per share.
• He also acquired 678 shares through the 'match benefit' of the ESPP at $0.
• Additionally, 369 shares were withheld by the issuer to cover tax liabilities related to the ESPP purchase and 'match benefit' at $7.39 per share.
• Another 351 shares were withheld for tax liabilities at $9.62 per share.
• Noyes also received 3,034 shares contributed by the Issuer under its 401(k) Plan as of June 30, 2024.
• Following these transactions, Noyes directly owns 485,704 Class C Common Shares and indirectly owns 753 shares through an IRA and 14,793 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to employee stock plans. There are no indications of significant positive or negative developments.

Positives

• The acquisition of shares through the ESPP and 'match benefit' indicates Noyes' participation in company benefit programs.
• The increase in shares held through the 401(k) plan suggests a long-term investment strategy.

Negatives

• Shares were withheld to cover tax liabilities, which reduces the net gain from the ESPP and 'match benefit'.

Industry Context

Form 4 filings are standard practice for company insiders to report their transactions in the company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership of the reporting person.
• Employees participating in the ESPP and 401(k) plan are directly impacted by the share acquisitions and tax withholdings.

Key Dates