Form 4: Liberty Latin America Director Brendan Paddick Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Brendan Paddick reported changes in beneficial ownership of Liberty Latin America Ltd. shares due to the vesting of restricted share units and tax withholding.
Summary
- On March 15, 2024, Brendan Paddick, a director of Liberty Latin America Ltd., reported changes in his beneficial ownership of the company's Class A and Class C common shares.
- These changes resulted from the vesting of restricted share units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- Specifically, 6,219 Class A Common Shares and 12,438 Class C Common Shares were acquired upon the vesting of RSUs.
- Simultaneously, 167 Class A Common Shares were disposed of at a price of $6.3 and 334 Class C Common Shares were disposed of at a price of $6.31 to satisfy tax obligations.
- Following these transactions, Paddick's direct ownership stands at 634,927 Class A Common Shares and 1,884,010 Class C Common Shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not indicate any strategic shift for Liberty Latin America.
Stakeholder Impact
- The transactions have a negligible impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction (vesting of restricted share units and tax withholding). |
| 03/19/2024 | Date of signature by Attorney-in-Fact. |
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