Company: LBRDK
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001104659-25-029085
Chunk: 44

Company: Liberty Broadband Corp
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 44
---
. Chief Performance-based RSU Awards. Our compensation committee granted 3,663 and 7,146 LBRDK performance-based RSUs to Mr. Wendling and Ms. Wilm, respectively, on March 6, 2024 (collectively, the 2024 Chief RSUs ), which would vest subject to the satisfaction of the performance objectives described below. Our compensation committee adopted an annual, performance-based program for payment of the 2024 Chief RSUs and reviewed each named executive officer’s performance against that performance program to determine which portion of the award would be paid. Our compensation committee reviewed the 2024 personal performance of Mr. Wendling and Ms. Wilm, and approved vesting in full of the 2024 Chief RSUs previously granted to Mr. Wendling and Ms. Wilm based on their assessment of individual performance against the goals established in connection with the performance cash bonus program along with general observations of their leadership and executive performance. Multiyear Awards 2024 Multiyear Cash Awards. In August 2024, each of Mr. Wendling and Ms. Wilm was granted a multiyear cash award (the 2024 Chief Cash Awards ) that vested 50% on December 11, 2024 and will vest 50% on December 11, 2025, subject to the continued service of each of Mr. Wendling’s and Ms. Wilm’s respective employment through such date. Prior Year Multiyear Equity Awards. Our compensation committee makes larger equity award grants (equaling approximately three to four years’ value of the named executive officer’s annual grants) that vest over such years, rather than making annual grants over the same period. These multiyear grants may provide for delayed vesting and, when granted as stock options, generally expire seven years after grant to encourage executives to remain with our company over the long-term and to better align their interests with those of the stockholders. In December 2023, Mr. Wendling and Ms. Wilm each received a multiyear stock option award (the 2023 Chief Multiyear Options ) and a multiyear RSU award (the 2023 Chief Multiyear RSUs ), which collectively equaled the value of the annual grants that were expected to be granted to each of Mr. Wendling and Ms. Wilm for the period from January 1, 2024 through December 31, 2026. In order to supplement the intended value of the 2023 Chief Multiyear Options and 2023 Chief Multi