BRACKEN CHARLES H R 4

What Happened
Charles H. R. Bracken, a director of Liberty Latin America Ltd. (tickers LILA / LILAB / LILAK), exercised derivative awards on March 15, 2026. The filing shows conversion/exercise of 22,431 derivative units into common shares (7,477 + 14,954). To cover tax withholding, 1,548 shares were surrendered (516 shares @ $7.58 = $3,911 and 1,032 shares @ $7.77 = $8,019), a total withholding of $11,930. Separate grants of restricted share units (RSUs) were reported on March 13, 2026 (6,452 and 12,904 RSUs).

Key Details

• Transaction dates: grants on 2026-03-13; exercise/conversion and tax withholding on 2026-03-15; Form 4 filed 2026-03-17.
• Shares exercised/converted: 22,431 (7,477 + 14,954).
• Shares withheld for taxes: 1,548 (516 @ $7.58 = $3,911; 1,032 @ $7.77 = $8,019). Net shares received ≈ 20,883.
• Grants reported: 19,356 RSUs awarded on 2026-03-13 (6,452 + 12,904). Footnote F1: each RSU represents a right to one share at settlement.
• Footnote F2: some shares are held by Charlouise Ltd., an entity controlled by the reporting person.
• Filing appears timely (transactions 3/13–3/15; Form 4 filed 3/17).

Context

• These were derivative conversions/RSU-related transactions, not open-market purchases or discretionary sales. Exercise price entries show $0.00, consistent with RSU settlement rather than buying stock for cash.
• The disposals labeled "F" reflect shares surrendered to cover tax obligations (share withholding), a common administrative step and not an independent market sale.
• For retail investors: such conversions are routine executive/board compensation events; they increase insider-held common shares but do not by themselves indicate trading for investment gain.