Form 4: Liberty Latin America Director Acquires Shares Under Incentive Plan

Alfonso de Angoitia, a director of Liberty Latin America, acquired Class A and Class C common shares under the company's 2018 Nonemployee Director Incentive Plan.

Summary

• On September 30, 2024, Alfonso de Angoitia, a director of Liberty Latin America Ltd., acquired 481 Class A Common Shares at $9.58 per share and 963 Class C Common Shares at $9.49 per share.
• The acquisitions were made under the terms of the Liberty Latin America 2018 Nonemployee Director Incentive Plan as part of the equity portion of fees paid for his services as a director.
• Following the transactions, de Angoitia beneficially owns 29,418 Class A Common Shares and 66,308 Class C Common Shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares under an existing incentive plan is a routine event, but it signals confidence in the company's prospects.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The acquisitions are part of a pre-existing incentive plan, suggesting a structured compensation approach.

Industry Context

Director share acquisitions are common in publicly traded companies as part of compensation packages and can be seen as a positive signal to the market.

Comparison to Industry Standards

• Director compensation packages often include equity to align the interests of directors with those of shareholders.
• The Liberty Latin America 2018 Nonemployee Director Incentive Plan is a typical mechanism for providing such equity compensation, similar to plans used by companies like Charter Communications and Millicom.

Stakeholder Impact

• The director's share acquisition could have a slightly positive impact on shareholder sentiment.

Key Dates