Company: LBRDK
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001104659-25-029085
Chunk: 62

Company: Liberty Broadband Corp
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 62
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 entitled to certain severance benefits and the vesting of certain equity awards in connection with certain terminations of employment that occurred during the term of the 2019 Maffei Employment Agreement, Mr. Maffei’s departure occurred after the close of business, and as a result, he did not receive any severance payments in connection with stepping down; however, under the 2019 Maffei Employment Agreement, Mr. Maffei’s vested options remain exercisable for the remainder of their term. For purposes of this disclosure, based on the closing market price of LBRDK, which was $74.76 as of December 31, 2024, Mr. Maffei’s vested options had an aggregate value of $3,397,556. OUR COMPANY’S OTHER NAMED EXECUTIVE OFFICERS The following table sets forth the potential payments to our named executive officers other than Mr. Maffei if their employment had terminated or a change in control had occurred, in each case, as of December 31, 2024, which was the last day of our last completed fiscal year. In the event of such a termination or change in control, the actual amounts may be different due to various factors. In addition, we may enter into new arrangements or modify these arrangements from time to time. The amounts provided in the table are based on the closing market price on December 31, 2024 for LBRDK, which was $74.76. All outstanding option awards held by the named executive officers, whether vested or unvested, had an exercise price that was more than the closing market price of LBRDK on December 31, 2024, and therefore have been excluded from the table below. The value of the RSUs shown in the table is based on the applicable closing market price and the number of unvested RSUs that would have vested in the applicable termination scenario according to the terms of the applicable award. Each of our named executive officers has received awards and payments under our incentive plans. VOLUNTARY TERMINATION Each of the named executive officers holds equity and cash awards that were issued under our existing incentive plans. Additionally, the equity-based awards with respect to GCI Liberty common stock held by our named executive officers assumed by our company and converted into Liberty Broadband awards in connection with the combination were issued under the GCI Liberty 2018 incentive plan. Under these plans and the related award agreements, in the event of a voluntary termination of his or her employment with our company