Daniel Sanchez
Liberty Latin AmericaAbout Daniel Sanchez
Daniel E. Sanchez, age 62, is an independent director of Liberty Latin America Ltd. (LILA) and has served on the Board since December 2019. He holds a B.A. in Art History and Philosophy, a J.D., and an LL.M. in federal taxation; he retired from private law practice in 2020. He serves as a director of Rocketship Public Schools (Business Committee) and Ensemble Learning (Strategy Committee), and joined the Malone Family Land Preservation Foundation’s board in June 2024 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Discovery, Inc. | Director | May 2017 – Apr 2022 | Media/telecom experience supporting board strategy |
| Lions Gate Entertainment Corp. | Director | Sep 2018 – May 2021 | Media industry oversight |
| Starz | Director | Jan 2013 – Dec 2016 | Content/media governance |
| Private law practice | Attorney | Retired 2020 | Legal expertise; tax specialization (LL.M.) |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| Warner Bros. Discovery Inc. | Director | Since Oct 2024 | Not disclosed |
| Liberty Global & predecessor | Director | Since Mar 2022 | Not disclosed |
| Rocketship Public Schools | Director | Since Dec 2022 | Business Committee |
| Ensemble Learning | Director | Since 2024 | Strategy Committee |
| Malone Family Land Preservation Foundation | Director | Since Jun 2024 | Not disclosed |
Board Governance
- Committee assignments: Chair, Nominating & Corporate Governance; not listed on Audit or Compensation .
- Independence: Listed among current independent directors .
- Attendance: Board met 5x in 2024; Audit 6x; Compensation 4x; Nominating 1x; Executive 3x. Each director attended ≥75% of meetings; 9 of 10 directors attended the 2024 AGM .
- Executive sessions: Independent directors held two executive sessions in 2024 .
- Board leadership: Executive Chairman (Michael T. Fries) separate from CEO; risk oversight distributed across committees (Audit: financial/conflict/cyber; Compensation: comp risk; Nominating: independence) .
Fixed Compensation
| Component (2024) | Amount | Notes |
|---|---|---|
| Annual cash retainer | $100,000 | Paid quarterly; directors may elect shares in lieu |
| Committee chair/member fees | $0 | Audit/Comp chair $20k; members $10k; no fees for Nominating & Corporate Governance (Sanchez chairs N&CG) |
| Equity awards (RSUs) – LILA | $48,504 (grant-date FV) | Director RSUs granted in 1:2 LILA:LILAK ratio; vest next Mar 15 |
| Equity awards (RSUs) – LILAK | $97,953 (grant-date FV) | Combined RSU grant target $150,000 for non-exec directors |
| Total reported 2024 director compensation | $246,457 | As disclosed in Director Compensation table |
Performance Compensation
Directors receive time-based RSUs; no performance metrics apply to director equity. RSUs generally vest in full on March 15 of the following year .
| Grant/Conversion | Class | Date | Shares | Vest/Settlement | Citation |
|---|---|---|---|---|---|
| RSU Award | LILA (A) | 2024-03-12 | 7,874 | Vests 2025-03-15 | |
| RSU Award | LILAK (C) | 2024-03-12 | 15,748 | Vests 2025-03-15 | |
| RSU Vested → Common | LILA (A) | 2025-03-15 | 7,874 | Converted to common | |
| RSU Vested → Common | LILAK (C) | 2025-03-15 | 15,748 | Converted to common | |
| RSU Award | LILA (A) | 2025-03-14 | 7,477 | Vests 2026-03-15 | |
| RSU Award | LILAK (C) | 2025-03-14 | 14,954 | Vests 2026-03-15 |
Other Directorships & Interlocks
- Shared directorship at Warner Bros. Discovery: Sanchez (since Oct 2024) and LILA director Paul A. Gould (since Apr 2022) both serve on WBD’s board, indicating a governance interlock .
- Liberty Global network ties: Sanchez is a Liberty Global director; LILA’s Executive Chairman (Fries) is Liberty Global CEO/President and LILA director, and LILA director Bracken is Liberty Global CFO—connections that may influence information flow and strategy alignment .
Expertise & Qualifications
- Legal and tax expertise (J.D.; LL.M. in federal taxation); media/telecom industry experience across multiple public boards. Board biography cites contributions to strategic and operational understanding in media/telecom .
- Education sector governance: committees at Rocketship Public Schools and Ensemble Learning .
Equity Ownership
| Metric | As of Feb 28, 2025 | As of Mar 15, 2025 (post-vesting) |
|---|---|---|
| LILA (Class A) – Beneficial ownership (shares) | 23,562; <1% of class, <1% voting power | 23,562 (post-transaction holdings) |
| LILAK (Class C) – Beneficial ownership (shares) | 44,759; <1% of class (non-voting) | 44,759 (post-transaction holdings) |
| Unvested director RSUs at 12/31/2024 | 7,874 (LILA); 15,748 (LILAK) | Vested 2025-03-15 (see above) |
| Options outstanding | None disclosed for Sanchez | — |
- Pledging: Proxy footnotes disclose pledging for another director (Zinterhofer); no pledge footnote appears for Sanchez .
- Insider trading policy: Pre-clearance required; short sales prohibited; hedging permitted subject to pre-clearance (no blanket prohibition), which investors may view as a potential alignment risk if used .
Governance Assessment
- Board effectiveness: Sanchez chairs the Nominating & Corporate Governance Committee, central to director selection, board evaluation, and independence oversight—positive for governance quality .
- Independence and engagement: Classified as independent; attended ≥75% of meetings alongside peers; independent directors held executive sessions (2x) in 2024—supports effective oversight .
- Compensation alignment: Director pay is modest cash ($100k) with equity RSUs that vest annually and no meeting fees or N&CG chair fees; equity promotes alignment without performance gaming risk .
- Interlocks/network: Overlapping boards with WBD and Liberty Global (and significant shareholder John C. Malone network) warrant monitoring for potential conflicts or preferential transactions, though no Sanchez-specific related-party transactions are disclosed .
- Perquisites optics: Non-employee directors may use company aircraft for personal flights subject to policy; while permitted, such perks can be perceived as shareholder-unfriendly if excessive (no Sanchez-specific usage disclosed) .
- RED FLAGS to monitor: Hedging permitted with pre-clearance ; cross-board interlocks with WBD and Liberty Global . No pledging or related-party dealings disclosed for Sanchez .
Insider Trades (Form 4 Summary)
| Date | Type | Class | Shares | Post-Transaction Holdings | Source |
|---|---|---|---|---|---|
| 2025-03-15 | RSU vested → common (M-Exempt) | LILAK | 15,748 | 44,759 | |
| 2025-03-15 | RSU vested → common (M-Exempt) | LILA | 7,874 | 23,562 | |
| 2025-03-14 | RSU award (A-Award) | LILAK | 14,954 | — | |
| 2025-03-14 | RSU award (A-Award) | LILA | 7,477 | — | |
| 2024-03-12 | RSU award (A-Award) | LILAK | 15,748 | — | |
| 2024-03-12 | RSU award (A-Award) | LILA | 7,874 | — | |
| 2024-03-15 | RSU vested → common (M-Exempt) | LILAK | 12,438 | 29,011 | |
| 2024-03-15 | RSU vested → common (M-Exempt) | LILA | 6,219 | 15,688 |
Notes and References
- Director biography, age, education, external boards and independence .
- Committee membership and meeting counts/attendance .
- Executive sessions .
- Director compensation structure and RSU vesting policy .
- 2024 director compensation amounts (Sanchez) and outstanding RSUs .
- Beneficial ownership (as of Feb 28, 2025) .
- Hedging/Insider Trading policy .
- Aircraft policy (applies to directors) .
- Related-party transactions section (no Sanchez-specific item disclosed) .