Form 4: Liberty Latin America Executive John M. Winter Reports Changes in Beneficial Ownership

John M. Winter, SVP, CLO and Secretary of Liberty Latin America Ltd., reports transactions involving Class C Common Shares, including acquisitions through ESPP, deferred compensation, and tax liability fulfillment.

Summary

• John M. Winter, a senior officer at Liberty Latin America Ltd., filed a Form 4 detailing changes in his beneficial ownership of the company's Class C Common Shares.
• On December 29, 2024, he acquired 368 shares through the Employee Stock Purchase Plan (ESPP) 'match benefit' and disposed of 212 shares to cover tax liabilities related to the ESPP issuance.
• On December 31, 2024, he acquired 961 shares under the ESPP.
• On January 31, 2025, he acquired 74,812 shares through a deferred compensation plan and disposed of 31,067 shares for tax liabilities.
• As of January 31, 2025, he directly owns 338,191 Class C Common Shares.
• He also indirectly owns 176 shares through an IRA and 14,365 shares through a 401(k) plan, including 1,322 shares contributed by the Issuer under its 401(k) Plan as of January 31, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reflects routine transactions related to executive compensation and tax obligations. There's no indication of significant positive or negative sentiment.

Positives

• The acquisition of shares through the deferred compensation plan indicates a long-term commitment to the company by Mr. Winter.
• Participation in the ESPP demonstrates confidence in the company's future performance.

Negatives

• The disposal of shares to cover tax liabilities, while routine, slightly reduces Mr. Winter's direct holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include deferred compensation plans and ESPPs, which are common across publicly traded companies.
• The amounts and terms of these plans are generally benchmarked against peer companies to remain competitive and attract talent.
• Similar filings can be compared to those of executives at companies like Millicom, Telefonica, or America Movil to understand industry norms.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• Employees participating in the ESPP and 401(k) plan are indirectly impacted by the company's stock performance.

Key Dates