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

Paul A. Gould, a director of Liberty Latin America Ltd., acquired Class A and Class C common shares on March 31, 2025, as part of the company's Nonemployee Director Incentive Plan.

Summary

• On March 31, 2025, Paul A. Gould, a director of Liberty Latin America Ltd., acquired 260 Class A Common Shares at $6.33 per share and 520 Class C Common Shares at $6.21 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.
• Following the transaction, Gould directly owns 336,832 Class A Common Shares and 449,941 Class C Common Shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's continued investment in the company, aligning interests with shareholders. It's a routine transaction under an existing plan.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The Nonemployee Director Incentive Plan aligns director compensation with company performance.

Industry Context

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

Comparison to Industry Standards

• Director compensation packages often include equity to align their interests with shareholders, similar to practices at companies like Comcast (CMCSA) and Charter Communications (CHTR).
• The Liberty Latin America 2018 Nonemployee Director Incentive Plan is similar to equity compensation plans used by other companies in the telecommunications industry to attract and retain qualified board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence in the company's future.

Key Dates

Keywords

Liberty Latin America, Director, Share Acquisition, Incentive Plan, LILA, Common Shares, Form 4