Company: LBTYK
Filing Date: 2025-03-27
Form Type: 8-K
Source: 0001570585-25-000102
Chunk: 2

Company: Liberty Global Ltd.
Filing Date: 2025-03-27
Form: 8-K
Item: Item 5.02
Chunk 2
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 split-offs, mergers and similar corporate transactions. In addition the Committee may adjust the payout for force majeure type events such as natural disasters, acts of war or terrorism or other unanticipated events impacting the business that are outside of the Company’s control. A portion of the PSU award payout may be ‘banked’ upon the Company’s share price achieving and maintaining certain target price levels for a pre-defined period of time. The PSUs have

three year "cliff vesting", subject to certain limited exceptions such as retirement, and therefore would vest, if at all, on February 15, 2028. The PSUs are designed to be similar to stock appreciation rights, where value is only obtained if the share price appreciates.

Liberty Growth Incentive Plan (“ LGIP”)

Ten percent of each 2025 NEO’s target equity value award under the 2025 Long-Term Incentive Program is based upon the performance, over the Performance Period, of Liberty Growth, the Company’s venture capital investment portfolio, compared to such portfolio’s valuation as of December 31, 2024. The LGIP component of the 2025 Long-Term Incentive Program is designed to incentivize our management’s efforts in driving the growth in value of Liberty Growth. Performance is based upon changes (positive or negative) against the valuation of the portfolio over the performance period, which valuation is performed by an independent valuation firm. The earned portion of the LGIP awards will be paid at the end of the Performance Period. The LGIP awards may be settled in cash or shares at the Committee’s election.

Restricted Share Units (“ RSUs”)

Twenty percent of each 2025 NEO’s target equity value award under the 2025 Long-Term Incentive Program is in the form of RSUs that are subject to annual time-based vesting over a three-year service period, vesting on May 1 of each of 2026, 2027 and 2028, in equal installments. Time-based stock compensation encourages retention and directly aligns our executives’ performance with shareholder interests, encouraging management to take actions that will foster sustainable growth of the Company’s share price over time.

Item 9.01 Financial Statements and Exhibits.