Company: LBTYK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001193125-25-076819
Chunk: 82

Company: Liberty Global Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 82
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 of the end of the applicable year; (iii) for awards granted in prior years that vested in the applicable year, the amount equal to the change in fair value as of the vesting date (from the end of the prior fiscal year); and (iv) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year. Time-vested RSUs are valued at the closing prices of the applicable class of the company’s common shares on each applicable valuation date. Time-vested SARs are valued using the Black-Scholes option pricing model, and for each valuation date, the fair value was determined using the closing price of the applicable class of the company’s common shares on such date, the volatility and risk-free rate assumptions that were in effect for the given year and the expected life assumption that was in effect on the original grant date of the SARs, less the time that has elapsed since the grant date. Time-vested PSUs are valued at the closing prices of the applicable class of the company’s common shares on each applicable valuation date and adjusted to reflect the performance factor as calculated at the applicable valuation date. |

| (2) | Dollar amounts reported represent the average of the reported “Total” amounts for our NEOs as a group (excluding our CEO) in the Summary Compensation Table above. |

| (3) | TSR is cumulative for the measurement periods beginning on December 19, 2019 and ending on the last day of each of fiscal year 2024, 2023, 2022, 2021 and 2020. The company’s share prices prior to November 13, 2024 have been adjusted to give effect to theSpin-off. |

In accordance with applicable SEC rules, the peer group used in this table is the same peer group that we utilized in our Annual Report on Form 10-K for the year ended December 31, 2024 to prepare our stock performance graph in such Annual Report.

| (4) | The company’s compensation committee and board of directors considersAdjusted EBITDA less Property and Equipment Additions for Compensation Purposesto have been the most important financial metric used in determining executive compensation in 2024. We define Adjusted EBITDA less P&E Additions for Compensation Purposes as our proportionate (including with respect to ournon-consolidatedjoint ventures) Adjusted EBITDA less