Form 4: Liberty Latin America Director Acquires Shares as Part of Incentive Plan
SEC Form 4
Paul A. Gould, a director at Liberty Latin America Ltd., acquired Class A and Class C common shares as part of the company's Nonemployee Director Incentive Plan.
Summary
- On June 30, 2024, Paul A. Gould, a director of Liberty Latin America Ltd., acquired 169 Class A Common Shares at $9.61 per share and 337 Class C Common Shares at $9.62 per share.
- These shares were acquired under the Liberty Latin America 2018 Nonemployee Director Incentive Plan as part of the equity portion of fees for his services as a director.
- The number of shares was determined using the closing market price of the respective class of common shares on June 28, 2024.
- Following the transaction, Gould directly owns 335,220 Class A Common Shares and 446,718 Class C Common Shares.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with shareholders.
Positives
- The acquisition of shares by a director demonstrates alignment with shareholder interests.
- The incentive plan is designed to reward directors for their service.
Industry Context
Director share acquisitions are common in publicly traded companies as part of compensation and incentive programs, aligning director interests with those of shareholders.
Stakeholder Impact
- The share acquisition by a director can positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date used to determine the number of shares based on closing market price. |
| 06/30/2024 | Date of the transaction (share acquisition). |
| 07/02/2024 | Date of signature by Attorney-in-Fact. |
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