Company: LILA
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001712184-25-000084
Chunk: 70

Company: Liberty Latin America Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 70
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730,013; Mr. Hussain - $675,938; Mr. Winter - $640,000; and Ms. Lorenzo - $618,000. The target annual bonuses for 2022, 2023, 2024 and 2025 for each of the Officers was $1.0 million. In addition, Ms. Lorenzo was also able to earn an additional $250,000 bonus, of which 50% was tied to CWP’s achievement of revenue, OFCF and government collection goals. There is no guaranteed bonus amount. The actual amount of the annual bonus paid to the Officers will depend on the achievement of qualitative and quantitative performance objectives, which will be determined each year by the compensation committee. The compensation committee has the discretion to annually increase or decrease each Officer’s target annual bonus.

In addition, each Officer will participate in our equity compensation programs. Pursuant to these programs, they will each be entitled to receive Annual Equity Awards in the form of PSUs, SARs, or other forms of equity as determined by the compensation committee, with the terms and conditions substantially the same as those for our other senior executive officers. For 2022, 2023, 2024 and 2025, the target value of these Annual Equity Awards was $2.5 million for Mr. Noyes, $2.25 million for Mr. Hussain, $2.0 million for Mr. Winter. Ms. Lorenzo’s target Annual Equity Award of $1.5 million for 2022 and 2023 was increased to $2.0 million for 2024 in connection with her appointment as Senior Vice President, General Manager of CWP and remains at $2.0 million for 2025. The compensation committee has the discretion to annually increase or decrease each Officer’s Annual Equity Award value.

Mr. Hussain’s employment agreement also provides for relocation and expatriate benefits, a housing allowance of $7,000 per month for five years, tuition support of $20,000 initially and an additional $18,000 per year per child for up to five years, medical coverage for Mr. Hussain’s family and reimbursement of reasonable attorney’s fees incurred in connection with the negotiation of his employment agreement, capped at $20,000. If he voluntarily resigns from our company or is terminated for cause between April 19, 2023 and April 17, 2025, Mr. Hussain will be required to reimburse us for half of his relocation expenses.

Ms.