Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 163

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 163
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s:Class A:Outstanding3,281,173 $16.34 4.2$1.4 Exercisable2,828,005 $17.09 3.6$0.7 Class C: Outstanding6,426,281 $16.32 4.2$2.5 Exercisable5,543,696 $16.96 3.6$1.3 Number of awardsWeighted average grant-date fair value per shareWeighted average remaining contractual termin yearsOutstanding RSUs and PSUs:Class A:RSUs138,847 $10.52 0.7PSUs4,281 $8.87 2.1Class C:RSUs268,070 $11.05 0.7PSUs4,241 $9.33 2.1

II-114

LIBERTY GLOBAL LTD.Notes to Consolidated Financial Statements — (Continued)December 31, 2024, 2023 and 2022

(16)    Defined Benefit Plans

Certain of our subsidiaries maintain various funded and unfunded defined benefit plans for their employees. The table below provides summary information on our defined benefit plans:December 31,202420232022 in millionsFair value of plan assets (a)$274.9 $256.9 $215.4 Projected benefit obligation$255.2 $242.4 $203.8 Net asset$19.7 $14.5 $11.6 _______________ (a)At December 31, 2024, the fair value of all plan assets was based on Level 1 of the fair value hierarchy (as further described in note 9). Our plan assets comprise investments in debt securities, equity securities, hedge funds, insurance contracts and certain other assets.Our net periodic pension cost was $21.0 million, $19.6 million and $17.8 million during 2024, 2023 and 2022, respectively, including $21.5 million, $19.8 million and $17.9 million, respectively, representing the service cost component. During 2024, our subsidiaries’ contributions to their respective defined benefit plans aggregated $21.8 million. Based on December 31, 2024 exchange rates and information available as of that date, we expect this amount to be $22.2 million in 2025.

(17)