SEC Form 4 · accession 0001724412-26-000006
Liberty Latin America Ltd. · LILA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Winter
Officer — SVP, CLO AND SECRETARY
Period of report
Jun 17, 2026
Accepted (ET)
Jul 17, 2026 · 8:12 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 | — | Jun 17, 2026 | J | 6,298 | A | Mar 15, 2027 | Mar 15, 2027 | Series A Preference Shares | 6,298 | 6,298 | D |
| Restricted Share Units PF2,F1,F3 | — | Jun 17, 2026 | J | 11,962 | A | — | — | Series A Preference Shares | 11,962 | 11,962 | D |
| Restricted Share Units PF2,F1,F4 | — | Jun 17, 2026 | J | 15,483 | A | — | — | Series A Preference Shares | 15,483 | 15,483 | D |
| Share Appreciation Rights AF5,F6 | $15.10 | holding | — | — | — | — | Jan 2, 2028 | Class A Common Shares | 16,951 | 16,951 | D |
| Share Appreciation Rights CF5,F7 | $14.56 | holding | — | — | — | — | Jan 2, 2028 | Class C Common Shares | 34,850 | 34,850 | D |
| Share Appreciation Rights AF5,F8 | $13.03 | holding | — | — | — | — | May 1, 2028 | Class A Common Shares | 34,480 | 34,480 | D |
| Share Appreciation Rights CF5,F9 | $12.41 | holding | — | — | — | — | May 1, 2028 | Class C Common Shares | 70,889 | 70,889 | D |
| Share Appreciation Rights AF5,F10 | $13.93 | holding | — | — | — | — | May 1, 2029 | Class A Common Shares | 33,778 | 33,778 | D |
| Share Appreciation Rights CF5,F11 | $13.63 | holding | — | — | — | — | May 1, 2029 | Class C Common Shares | 69,445 | 69,445 | D |
| Share Appreciation Rights AF5,F12 | $7.29 | holding | — | — | — | — | Mar 16, 2030 | Class A Common Shares | 60,702 | 60,702 | D |
| Share Appreciation Rights CF5,F13 | $7.13 | holding | — | — | — | — | Mar 16, 2030 | Class C Common Shares | 124,800 | 124,800 | D |
| Share Appreciation Rights AF5,F14 | $9.80 | holding | — | — | — | — | Mar 16, 2031 | Class A Common Shares | 86,178 | 86,178 | D |
| Share Appreciation Rights CF5,F15 | $9.60 | holding | — | — | — | — | Mar 16, 2031 | Class C Common Shares | 177,179 | 177,179 | D |
| Share Appreciation Rights AF5,F16 | $9.80 | holding | — | — | — | — | Mar 16, 2031 | Class A Common Shares | 143,000 | 143,000 | D |
| Share Appreciation Rights CF5,F17 | $9.60 | holding | — | — | — | — | Mar 16, 2031 | Class C Common Shares | 294,000 | 294,000 | D |
| Share Appreciation Rights AF5,F18 | $6.78 | holding | — | — | — | — | Mar 11, 2032 | Class A Common Shares | 132,315 | 132,315 | D |
| Share Appreciation Rights CF5,F19 | $6.56 | holding | — | — | — | — | Mar 11, 2032 | Class C Common Shares | 272,032 | 272,032 | D |
| Share Appreciation Rights AF5,F20 | $5.47 | holding | — | — | — | — | Mar 20, 2033 | Class A Common Shares | 137,467 | 137,467 | D |
| Share Appreciation Rights CF5,F21 | $5.30 | holding | — | — | — | — | Mar 20, 2033 | Class C Common Shares | 282,625 | 282,625 | D |
| Share Appreciation Rights AF22,F23 | $4.31 | holding | — | — | — | — | Mar 12, 2034 | Class A Common Shares | 170,491 | 170,491 | D |
| Share Appreciation Rights CF22,F24 | $4.24 | holding | — | — | — | — | Mar 12, 2034 | Class C Common Shares | 350,521 | 350,521 | D |
| Share Appreciation Rights AF25,F26 | $4.68 | holding | — | — | — | — | Mar 14, 2035 | Class A Common Shares | 157,575 | 157,575 | D |
| Share Appreciation Rights CF25,F27 | $4.54 | holding | — | — | — | — | Mar 14, 2035 | Class C Common Shares | 323,965 | 323,965 | D |
| Share Appreciation Rights AF28,F29 | $5.31 | holding | — | — | — | — | Mar 13, 2036 | Class A Common Shares | 139,512 | 139,512 | D |
| Share Appreciation Rights CF28,F30 | $5.29 | holding | — | — | — | — | Mar 13, 2036 | Class C Common Shares | 286,829 | 286,829 | 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 23,621 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.
- F11This SAR was previously reported as a SAR relating to 47,242 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.
- F12This SAR was previously reported as a SAR relating to 42,449 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.
- F13This SAR was previously reported as a SAR relating to 84,898 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.
- F14This SAR was previously reported as a SAR relating to 60,265 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.
- F15This SAR was previously reported as a SAR relating to 120,530 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.
- F16This SAR was previously reported as a SAR relating to 100,000 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.
- F17This SAR was previously reported as a SAR relating to 200,000 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.
- F18This SAR was previously reported as a SAR relating to 92,528 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.
- F19This SAR was previously reported as a SAR relating to 185,056 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.
- 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 96,131 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.
- F21This SAR was previously reported as a SAR relating to 192,262 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.
- F22The SARs vest in full on March 15 of 2027.
- F23This SAR was previously reported as a SAR relating to 119,225 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.
- F24This SAR was previously reported as a SAR relating to 238,450 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.
- F25The SARs vest in two equal annual installments on March 15 of 2027 and 2028.
- F26This SAR was previously reported as a SAR relating to 110,193 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.
- F27This SAR was previously reported as a SAR relating to 220,385 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.
- F28The Share Appreciation Rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029.
- F29This SAR was previously reported as a SAR relating to 97,561 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.
- F3The RSUs vest in two equal annual installments on March 15 of 2027 and 2028.
- F30This SAR was previously reported as a SAR relating to 195,122 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 three equal annual installments on March 15 of 2027, 2028 and 2029.
- F5The derivative security is fully vested.
- F6This share appreciation right award ("SAR") was previously reported as a SAR relating to 11,854 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.
- F7This SAR was previously reported as a SAR relating to 23,708 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.
- F8This SAR was previously reported as a SAR relating to 24,112 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.
- F9This SAR was previously reported as a SAR relating to 48,224 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.
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.