Form 4: Liberty Latin America Director Acquires Shares as Part of Incentive Plan

Director Brendan J. Paddick acquired Class A and Class C common shares of Liberty Latin America Ltd. as part of the company's 2018 Nonemployee Director Incentive Plan.

Summary

• On December 31, 2024, Brendan J. Paddick, a director of Liberty Latin America Ltd., acquired 1,328 Class A Common Shares and 2,657 Class C Common Shares.
• The acquisitions were made under the terms of the Liberty Latin America 2018 Nonemployee Director Incentive Plan.
• The shares were acquired as the equity portion of fees paid to Paddick for his services as a director.
• The price per share for Class A was $6.36 and for Class C was $6.34.
• Following the transaction, Paddick beneficially owns 1,438,846 Class A Common Shares and 1,942,751 Class C Common Shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a healthy corporate governance structure. The sentiment is neutral to slightly positive as it shows alignment of interests between the director and shareholders.

Positives

• The acquisition of shares by a director demonstrates alignment with shareholder interests.
• The equity portion of director fees incentivizes long-term value creation.

Industry Context

Director share acquisitions are a common practice in publicly traded companies to align the interests of directors with those of shareholders. Incentive plans are frequently used to attract and retain qualified board members.

Comparison to Industry Standards

• Director compensation packages often include equity components to incentivize performance and align interests with shareholders.
• Many companies use similar nonemployee director incentive plans to attract and retain qualified board members.
• The specific number of shares and their value are dependent on the size and performance of the company, as well as the director's role and responsibilities.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with shareholder value.

Key Dates