Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 152

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 152
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 (Continued)December 31, 2024, 2023 and 2022

(e)Represents the share-based compensation expense associated with Telenet’s share-based incentive awards prior to the Telenet Takeover Bid. In addition, €7.6 million ($8.2 million at the applicable rate) was expensed during the fourth quarter of 2023 related to the reimbursement of certain employee income taxes associated with the ESOP 2019 and the ESOP 2020, each as defined and described below. As of December 31, 2024, $129.8 million of total unrecognized compensation cost related to our Liberty Global share-based incentive awards is expected to be recognized by our company over a weighted-average period of approximately 1.9 years. The following table summarizes certain information related to the share-based incentive awards granted and exercised with respect to Liberty Global common shares (includes amounts related to awards held by employees of our discontinued operations, unless otherwise noted): Year ended December 31, 202420232022Assumptions used to estimate fair value of options and SARs granted:Risk-free interest rate3.39 - 4.11%3.12 - 4.10%2.27 - 3.09%Expected life3.7 - 6.2 years3.7 - 6.2 years3.7 - 6.2 yearsExpected volatility28.9 - 31.4%29.0 - 33.1%33.5 - 38.1%Expected dividend yieldnonenonenoneWeighted average grant-date fair value per share of awards granted:Options$6.57 $7.18 $9.90 SARs$5.06 $5.85 $7.50 RSUs - prior to the Sunrise Distribution$17.39 $18.59 $25.51 RSUs - subsequent to the Sunrise Distribution$12.95 (a)(a)PSUs$17.20 $16.60 (b)Total intrinsic value of awards exercised (in millions):Options(c)(c)$0.5 SARs$23.0 $4.6 $7.0 PSARs(c)(c)$0.2 Cash received from exercise of options (in millions)$— $1.2 $13.0 Income tax benefit (expense) related to share-based compensation of our continuing operations