Company: LBTYK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001193125-25-076819
Chunk: 34

Company: Liberty Global Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 34
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 rates, benefits, complexity of the position and salary at prior place of employment, among other considerations. 2024 Base Salaries. In February 2024, consistent with the annual salary increases for corporate-level employees in general, our compensation committee approved a 3.5% increase in the base salaries for certain NEOs, resulting in a base salary of £981,000 ($1,253,514) for Mr. Bracken, $1,251,000 for Mr. Hall, $1,197,000 for Mr. Rodriguez and £808,000 ($1,032,456) for Mr. Salvato, each becoming effective on April 1, 2024. At Mr. Fries’ direction, he did not receive a salary increase in 2024, and, as a result, his salary remained unchanged at $2,563,000. 31

Annual Performance Bonus Awards General. Annual performance bonus awards are designed to motivate our executives to achieve our annual business goals and reward them for superior individual performance. At the outset of each fiscal year, the compensation committee approves the terms of the annual performance bonus program for that year, including the performance goals for our CEO and each of the other NEOs for the coming year. Annual bonus target amounts for each NEO are subject to yearly review by the compensation committee. The compensation committee adjusts the company-wide targets and the individual NEO performance objectives for each year in order to provide appropriate “stretch” targets to incentivize performance. The compensation committee, together with our CEO, reviews and assesses the achievement of company performance metrics, as well as our NEOs’ individual performance objectives. The committee then makes annual performance bonus payout determinations following the end of each fiscal year. The compensation committee also determines, in private session without the presence of management, whether our CEO has met his individual performance goals for the year, as well as the amount to be paid as his annual bonus. In connection with our annual performance bonus program, we encourage increased share ownership among senior management, including our NEOs, to align their incentives with those of our shareholders. Pursuant to our shareholding incentive plan ( SHIP), members of our senior management may elect to receive up to 100% of their annual bonus in common shares of Liberty Global in lieu of cash. Employees who elect to receive shares in respect to all or a portion of their annual bonus will also receive RSUs equal to 12.5% of the gross number of shares earned under the annual bonus. These RSUs will