SEC Form 4 · accession 0001398905-26-000017
Liberty Latin America Ltd. · LILA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Balan Nair
Officer — President and CEO · Director
Period of report
Jun 17, 2026
Accepted (ET)
Jul 17, 2026 · 8:11 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001712184
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share Units PF2,F1,F3 | — | Jun 17, 2026 | J | 23,622 | A | — | — | Series A Preference Shares | 23,622 | 23,622 | D |
| Restricted Share Units PF2,F1,F4 | — | Jun 17, 2026 | J | 46,359 | A | — | — | Series A Preference Shares | 46,359 | 46,359 | D |
| Restricted Share Units PF2,F1,F5 | — | Jun 17, 2026 | J | 61,935 | A | — | — | Series A Preference Shares | 61,935 | 61,935 | D |
| Share Appreciation Rights AF6,F7 | $15.10 | holding | — | — | — | — | Jan 2, 2028 | Class A Common Shares | 286,000 | 286,000 | D |
| Share Appreciation Rights CF6,F8 | $14.56 | holding | — | — | — | — | Jan 2, 2028 | Class C Common Shares | 588,000 | 588,000 | D |
| Share Appreciation Rights AF6,F9 | $13.03 | holding | — | — | — | — | May 1, 2028 | Class A Common Shares | 165,508 | 165,508 | D |
| Share Appreciation Rights CF6,F10 | $12.41 | holding | — | — | — | — | May 1, 2028 | Class C Common Shares | 340,275 | 340,275 | D |
| Share Appreciation Rights AF6,F11 | $13.93 | holding | — | — | — | — | May 1, 2029 | Class A Common Shares | 175,642 | 175,642 | D |
| Share Appreciation Rights CF6,F12 | $13.63 | holding | — | — | — | — | May 1, 2029 | Class C Common Shares | 361,111 | 361,111 | D |
| Share Appreciation Rights AF6,F13 | $7.29 | holding | — | — | — | — | Mar 16, 2030 | Class A Common Shares | 315,649 | 315,649 | D |
| Share Appreciation Rights CF6,F14 | $7.13 | holding | — | — | — | — | Mar 16, 2030 | Class C Common Shares | 648,957 | 648,957 | D |
| Share Appreciation Rights AF6,F15 | $9.80 | holding | — | — | — | — | Mar 16, 2031 | Class A Common Shares | 1,430,000 | 1,430,000 | D |
| Share Appreciation Rights CF6,F16 | $9.60 | holding | — | — | — | — | Mar 16, 2031 | Class C Common Shares | 2,940,000 | 2,940,000 | D |
| Share Appreciation Rights AF6,F17 | $9.80 | holding | — | — | — | — | Mar 16, 2031 | Class A Common Shares | 280,079 | 280,079 | D |
| Share Appreciation Rights CF6,F18 | $9.60 | holding | — | — | — | — | Mar 16, 2031 | Class C Common Shares | 575,828 | 575,828 | D |
| Share Appreciation Rights AF6,F19 | $6.78 | holding | — | — | — | — | Mar 11, 2032 | Class A Common Shares | 430,025 | 430,025 | D |
| Share Appreciation Rights CF6,F20 | $6.56 | holding | — | — | — | — | Mar 11, 2032 | Class C Common Shares | 884,107 | 884,107 | D |
| Share Appreciation Rights AF6,F21 | $6.78 | holding | — | — | — | — | Mar 11, 2032 | Class A Common Shares | 33,078 | 33,078 | D |
| Share Appreciation Rights CF6,F22 | $6.56 | holding | — | — | — | — | Mar 11, 2032 | Class C Common Shares | 68,008 | 68,008 | D |
| Share Appreciation Rights AF6,F23 | $5.47 | holding | — | — | — | — | Mar 20, 2033 | Class A Common Shares | 498,317 | 498,317 | D |
| Share Appreciation Rights CF6,F24 | $5.30 | holding | — | — | — | — | Mar 20, 2033 | Class A Common Shares | 1,024,513 | 1,024,513 | D |
| Share Appreciation Rights AF25,F26 | $4.31 | holding | — | — | — | — | Mar 12, 2034 | Class A Common Shares | 639,344 | 639,344 | D |
| Share Appreciation Rights CF25,F27 | $4.24 | holding | — | — | — | — | Mar 12, 2034 | Class C Common Shares | 1,314,456 | 1,314,456 | D |
| Share Appreciation Rights AF28,F29 | $4.68 | holding | — | — | — | — | Mar 14, 2035 | Class A Common Shares | 610,605 | 610,605 | D |
| Share Appreciation Rights CF28,F30 | $4.54 | holding | — | — | — | — | Mar 14, 2035 | Class C Common Shares | 1,255,371 | 1,255,371 | D |
| Share Appreciation Rights AF31,F32 | $5.31 | holding | — | — | — | — | Mar 13, 2036 | Class A Common Shares | 558,048 | 558,048 | D |
| Share Appreciation Rights CF31,F33 | $5.29 | holding | — | — | — | — | Mar 13, 2036 | Class C Common Shares | 1,147,317 | 1,147,317 | D |
Explanation of responses
- F1Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement.
- F10This SAR was previously reported as a SAR relating to 231,480 shares of the Issuer's common stock at a base price of $18.24 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F11This SAR was previously reported as a SAR relating to 122,827 shares of the Issuer's common stock at a base price of $19.91 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F12This SAR was previously reported as a SAR relating to 245,654 shares of the Issuer's common stock at a base price of $20.03 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F13This SAR was previously reported as a SAR relating to 220,734 shares of the Issuer's common stock at a base price of $10.42 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F14This SAR was previously reported as a SAR relating to 441,468 shares of the Issuer's common stock at a base price of $10.48 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F15This SAR was previously reported as a SAR relating to 1,000,000 shares of the Issuer's common stock at a base price of $14.00 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F16This SAR was previously reported as a SAR relating to 2,000,000 shares of the Issuer's common stock at a base price of $14.10 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F17This SAR was previously reported as a SAR relating to 195,860 shares of the Issuer's common stock at a base price of $14.00 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F18This SAR was previously reported as a SAR relating to 391,720 shares of the Issuer's common stock at a base price of $14.10 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F19This SAR was previously reported as a SAR relating to 300,717 shares of the Issuer's common stock at a base price of $9.69 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F2In connection with the Dividend (as defined in Remarks), all RSUs with respect to the Issuer's common stock ("Original RSUs") were adjusted pursuant to the anti-dilution provisions of the incentive plans under which the RSU awards held by the reporting person were granted. Each holder of an Original RSU was entitled to receive an RSU with respect to a number of Preferred Shares equal to 0.10 multiplied by the number of shares of common stock underlying the Original RSU, subject to the same terms and conditions as the Original RSU. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3.
- F20This SAR was previously reported as a SAR relating to 601,434 shares of the Issuer's common stock at a base price of $9.63 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F21This SAR was previously reported as a SAR relating to 23,132 shares of the Issuer's common stock at a base price of $9.69 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F22This SAR was previously reported as a SAR relating to 46,264 shares of the Issuer's common stock at a base price of $9.63 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F23This SAR was previously reported as a SAR relating to 348,474 shares of the Issuer's common stock at a base price of $7.81 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F24This SAR was previously reported as a SAR relating to 696,948 shares of the Issuer's common stock at a base price of $7.78 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F25The SARs vest in full on March 15 2027.
- F26This SAR was previously reported as a SAR relating to 447,094 shares of the Issuer's common stock at a base price of $6.16 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F27This SAR was previously reported as a SAR relating to 894,188 shares of the Issuer's common stock at a base price of $6.22 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F28The Share Appreciation Rights vest in two equal annual installments on March 15 of 2027 and 2028.
- F29This SAR was previously reported as a SAR relating to 426,997 shares of the Issuer's common stock at a base price of $6.69 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F3The Restricted Share Units vest in full on March 15, 2027.
- F30This SAR was previously reported as a SAR relating to 853,994 shares of the Issuer's common stock at a base price of $6.66 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F31The Share Appreciation Rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029
- F32This SAR was previously reported as a SAR relating to 390,244 shares of the Issuer's common stock at a base price of $7.58 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F33This SAR was previously reported as a SAR relating to 780,488 shares of the Issuer's common stock at a base price of $7.77 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F4The RSUs vest in two equal annual installments on March 15 of 2027 and 2028.
- F5The RSUs vest in three equal annual installments on March 15 of 2027, 2028 and 2029.
- F6The derivative security is fully vested.
- F7This SAR was previously reported as a SAR relating to 200,000 shares of the Issuer's common stock at a base price of $21.58 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F8This SAR was previously reported as a SAR relating to 400,000 shares of the Issuer's common stock at a base price of $21.39 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F9This share appreciation right award ("SAR") was previously reported as a SAR relating to 115,740 shares of the Issuer's common stock at a base price of $18.63 and was adjusted as a result of the Dividend. In connection with the Dividend, all SARs held by the reporting person with respect to the Issuer's common stock were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the number of shares subject to, and the base price of, such SAR were adjusted. These adjustments were approved by the compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
Remarks
On May 21, 2026, the Issuer announced that an authorized committee of the Issuer's board of directors declared a special dividend on each of its outstanding common shares payable on June 16, 2026 to all holders of record as of 5:00 p.m., New York City time, on June 1, 2026 consisting of a special dividend of 0.10 shares of newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preferred Shares (the "Series A Preference Shares"), having an initial liquidation price of $25 per Preferred Share (the "Dividend"). The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK, and the trading symbol for the Issuer's Series A Preference Shares is LILAP.