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 as part of the company's Nonemployee Director Incentive Plan.

Summary

• On March 31, 2024, Alfonso de Angoitia, a director of Liberty Latin America Ltd., acquired 564 Class A Common Shares at $6.97 per share and 1,127 Class C Common Shares at $6.99 per share.
• These shares were acquired under the Liberty Latin America 2018 Nonemployee Director Incentive Plan as part of the equity portion of fees paid for his services as a director.
• The number of shares was determined using the closing market price of the applicable class of common shares on March 28, 2024.
• Following the transaction, de Angoitia beneficially owns 28,461 Class A Common Shares and 64,392 Class C Common Shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction under an existing compensation plan. There is no indication of positive or negative implications for the company's performance.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The equity portion of director fees aligns the director's interests with those of shareholders.

Future Outlook

NA

Industry Context

Director share acquisitions are common in publicly traded companies as part of compensation packages to align management interests with shareholder value. This filing is a routine disclosure of such a transaction.

Comparison to Industry Standards

• Director compensation packages often include equity to align interests with shareholders, a common practice among publicly listed companies.
• Companies like Comcast (CMCSA) and Charter Communications (CHTR) also utilize equity-based compensation for their directors.
• The specific amount and type of equity granted vary based on company size, performance, and industry standards.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates