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 Nonemployee Director Incentive Plan.

Summary

• Brendan J. Paddick, a director of Liberty Latin America Ltd., acquired shares on June 30, 2024, as part of the company's 2018 Nonemployee Director Incentive Plan.
• Paddick acquired 925 Class A Common Shares at $9.61 per share and 1,851 Class C Common Shares at $9.62 per share.
• Following the transaction, Paddick directly owns 1,037,033 Class A Common Shares and 1,888,223 Class C Common Shares.
• The shares were acquired as the equity portion of fees paid for his services as a director, with the number of shares determined using the closing market price on June 28, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's participation in an existing incentive plan, indicating alignment with shareholder interests.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The incentive plan aligns director compensation with company performance.

Industry Context

Director share acquisitions are common in publicly traded companies as part of compensation packages to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include equity to incentivize long-term value creation, similar to practices at companies like Charter Communications and Millicom International Cellular.
• The Liberty Latin America 2018 Nonemployee Director Incentive Plan is comparable to equity compensation plans offered by other companies in the telecommunications and media sectors.

Stakeholder Impact

• The share acquisition could have a slightly positive impact on shareholder sentiment as it demonstrates the director's investment in the company's future.

Key Dates