Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 202

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 202
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$7.96 $9.49 PSUs$5.90 $8.00 $6.11 As of December 31, 2024, we have $81 million of total unrecognized compensation expense related to awards held by our employees that is expected to be recognized as a future expense over a weighted-average period of approximately 1.6 years.For the amount of share-based compensation and other Employee Incentive Plan-related expense recognized during each period presented, see note 18.2024 ModificationIn October 2024, the compensation committee of our board of directors approved an extension of the legal life of outstanding SARs from a seven-year term to a ten-year term for SARs granted during 2018, 2019 and 2020. Prior to 2021, awards granted under the Employee Incentive Plan expired seven years after the grant date. This modification resulted in the recognition of aggregate incremental share-based compensation expense during 2024 totaling $14 million and impacted over 200 grantees.

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Liberty Latin America Ltd.Notes to Consolidated Financial Statements – (Continued)December 31, 2024, 2023 and 2022

Share-based Incentive Award ActivityThe following tables summarize share-based incentive award activity during 2024 with respect to Liberty Latin America awards held by our employees and our Directors.Number ofsharesWeightedaveragebase priceWeightedaverageremainingcontractualtermAggregate intrinsic valueSARs – Class A shares in millions in yearsin millions Outstanding at January 1, 202410.0 $12.34 Granted 2.2 $6.17 Forfeited (0.6)$16.79 Exercised(0.2)$9.36 Outstanding at December 31, 202411.4 $10.97 6.2$0.4 Exercisable at December 31, 20247.5 $12.96 4.9$— Number ofsharesWeightedaveragebase priceWeightedaverageremainingcontractualtermAggregate intrinsic valueSARs – Class C shares in millions in yearsin millions Outstanding at January 1, 202420.1 $12.34 Granted 4.4 $6.23 Forfeited (1.2)$16.92  Exercised(0.4)$9.43 Out