SEC Form 4 · accession 0001725072-26-000003
Liberty Latin America Ltd. · LILA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Noyes
Officer — SVP, CHIEF FINANCIAL OFFICER
Period of report
Jun 16, 2026
Accepted (ET)
Jul 17, 2026 · 8:14 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001712184
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series A Preference SharesF1 | Jun 16, 2026 | J | 88,634 | $0.00 | A | 88,634 | D | |
| Series A Preference SharesF1 | Jun 16, 2026 | J | 4,075 | $0.00 | A | 4,075 | I | By IRA |
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 PF3,F2,F4 | — | Jun 17, 2026 | J | 7,873 | A | — | — | Series A Preference Shares | 7,873 | 7,873 | D |
| Restricted Share Units PF3,F2,F5 | — | Jun 17, 2026 | J | 14,953 | A | — | — | Series A Preference Shares | 14,953 | 14,953 | D |
| Restricted Share Units PF3,F2,F6 | — | Jun 17, 2026 | J | 19,354 | A | — | — | Series A Preference Shares | 19,354 | 19,354 | D |
| Share Appreciation Rights AF7,F8 | $15.10 | holding | — | — | — | — | Jan 2, 2028 | Class A Common Shares | 16,951 | 16,951 | D |
| Share Appreciation Rights CF7,F9 | $14.56 | holding | — | — | — | — | Jan 2, 2028 | Class C Common Shares | 34,850 | 34,850 | D |
| Share Appreciation Rights AF7,F10 | $13.03 | holding | — | — | — | — | May 1, 2028 | Class A Common Shares | 41,377 | 41,377 | D |
| Share Appreciation Rights CF7,F11 | $12.41 | holding | — | — | — | — | May 1, 2028 | Class C Common Shares | 85,068 | 85,068 | D |
| Share Appreciation Rights AF7,F12 | $13.93 | holding | — | — | — | — | May 1, 2029 | Class A Common Shares | 40,533 | 40,533 | D |
| Share Appreciation Rights CF7,F13 | $13.63 | holding | — | — | — | — | May 1, 2029 | Class C Common Shares | 83,334 | 83,334 | D |
| Share Appreciation Rights AF7,F14 | $7.29 | holding | — | — | — | — | Mar 16, 2030 | Class A Common Shares | 72,842 | 72,842 | D |
| Share Appreciation Rights CF7,F15 | $7.13 | holding | — | — | — | — | Mar 16, 2030 | Class C Common Shares | 149,760 | 149,760 | D |
| Share Appreciation Rights AF7,F16 | $9.80 | holding | — | — | — | — | Mar 16, 2031 | Class A Common Shares | 143,000 | 143,000 | D |
| Share Appreciation Rights CF7,F17 | $9.60 | holding | — | — | — | — | Mar 16, 2031 | Class C Common Shares | 294,000 | 294,000 | D |
| Share Appreciation Rights AF7,F18 | $9.80 | holding | — | — | — | — | Mar 16, 2031 | Class A Common Shares | 107,723 | 107,723 | D |
| Share Appreciation Rights CF7,F19 | $9.60 | holding | — | — | — | — | Mar 16, 2031 | Class C Common Shares | 221,473 | 221,473 | D |
| Share Appreciation Rights AF7,F20 | $6.78 | holding | — | — | — | — | Mar 11, 2032 | Class A Common Shares | 165,393 | 165,393 | D |
| Share Appreciation Rights CF7,F21 | $6.56 | holding | — | — | — | — | Mar 11, 2032 | Class C Common Shares | 340,040 | 340,040 | D |
| Share Appreciation Rights AF7,F22 | $5.47 | holding | — | — | — | — | Mar 20, 2033 | Class A Common Shares | 171,833 | 171,833 | D |
| Share Appreciation Rights CF7,F23 | $5.30 | holding | — | — | — | — | Mar 20, 2033 | Class C Common Shares | 353,279 | 353,279 | D |
| Share Appreciation Rights AF24,F25 | $4.31 | holding | — | — | — | — | Mar 12, 2034 | Class A Common Shares | 213,114 | 213,114 | D |
| Share Appreciation Rights CF24,F26 | $4.24 | holding | — | — | — | — | Mar 12, 2034 | Class C Common Shares | 438,151 | 438,151 | D |
| Share Appreciation Rights AF27,F28 | $4.68 | holding | — | — | — | — | Mar 14, 2035 | Class A Common Shares | 196,969 | 196,969 | D |
| Share Appreciation Rights CF27,F29 | $4.54 | holding | — | — | — | — | Mar 14, 2035 | Class C Common Shares | 404,958 | 404,958 | D |
| Share Appreciation Rights AF30,F31 | $5.31 | holding | — | — | — | — | Mar 13, 2036 | Class A Common Shares | 174,389 | 174,389 | D |
| Share Appreciation Rights CF30,F32 | $5.29 | holding | — | — | — | — | Mar 13, 2036 | Class C Common Shares | 358,535 | 358,535 | D |
Explanation of responses
- F1On 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 "Preferred Shares"), having an initial liquidation price of $25 per Preferred Share (the "Dividend"). As a result of the Dividend, the reporting person directly received 88,634 Preferred Shares.
- F10This share appreciation right award ("SAR") was previously reported as a SAR relating to 28,935 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.
- F11This SAR was previously reported as a SAR relating to 57,870 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.
- F12This SAR was previously reported as a SAR relating to 28,345 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.
- F13This SAR was previously reported as a SAR relating to 56,690 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.
- F14This SAR was previously reported as a SAR relating to 50,939 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.
- F15This SAR was previously reported as a SAR relating to 101,878 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.
- 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 75,331 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.
- F19This SAR was previously reported as a SAR relating to 150,662 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.
- F2Each Restricted Share Unit P ("RSU") represents a right to receive one share of the Issuer's Series A Preference Shares at settlement.
- F20This SAR was previously reported as a SAR relating to 115,660 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.
- F21This SAR was previously reported as a SAR relating to 231,320 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.
- F22This SAR was previously reported as a SAR relating to 120,163 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.
- F23This SAR was previously reported as a SAR relating to 240,326 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.
- F24The SARs vest fully on March 15 2027.
- F25This SAR was previously reported as a SAR relating to 149,031 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.
- F26This SAR was previously reported as a SAR relating to 298,062 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.
- F27The Share Appreciation Rights vest in two equal annual installments commencing on March 15 2027 and 2028.
- F28This SAR was previously reported as a SAR relating to 137,741 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.
- F29This SAR was previously reported as a SAR relating to 275,482 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.
- F3In connection with the Dividend, 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 compensation committee of the Issuer's board of directors pursuant to Rule 16b-3.
- F30The Share Appreciation Rights vest in three equal annual installments on March 15 of 2027, 2028 and 2029.
- F31This SAR was previously reported as a SAR relating to 121,951 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.
- F32This SAR was previously reported as a SAR relating to 243,902 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 Restricted Share Units vest in full on March 15, 2027.
- F5The RSUs vest in two equal annual installments on March 15 of 2027 and 2028.
- F6The RSUs vest in three equal annual installments on March 15 of 2027, 2028 and 2029.
- F7The derivative security is fully vested.
- F8This 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.
- F9This 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.
Remarks
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.