Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 77

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 77
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 actual U.S. dollar amount of our share repurchases during the remainder of 2025 will be determined by the actual transaction date share prices during the year and could differ significantly from this amount. 

35

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)March 31, 2025(unaudited)

(13)    Share-based Compensation

Our share-based compensation expense primarily relates to the share-based incentive awards issued by Liberty Global to its employees and employees of its subsidiaries. A summary of our aggregate share-based compensation expense is set forth below:  Three months endedMarch 31, 20252024 in millionsLiberty Global (a):Non-performance based incentive awards$21.8 $28.3 Performance-based incentive awards5.5 2.1 Other (b)6.1 7.4 Total Liberty Global33.4 37.8 Other— 1.2 Total$33.4 $39.0 Included in:Other operating expense$2.9 $4.6 SG&A expense30.5 34.4 Total$33.4 $39.0 _______________(a)Amounts include share-based compensation expense related to certain Telenet Replacement Awards.(b)Represents annual incentive compensation and defined contribution plan liabilities that have been or are expected to be settled with Liberty Global common shares. In the case of annual incentive compensation, shares have been or will be issued to senior management and key employees pursuant to a shareholding incentive program. The shareholding incentive program allows these employees to elect to receive up to 100% of their annual incentive compensation in common shares of Liberty Global in lieu of cash.

36

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)March 31, 2025(unaudited)

The following table provides the aggregate number of options, SARs and performance-based share appreciation rights (PSARs) with respect to awards issued by Liberty Global that were (i) outstanding and (ii) exercisable as of March 31, 2025: Class AClass CGross number of shares underlying option, SAR and PSAR awards (a)Weighted average exercise or base priceGross number of shares underlying option, SAR and PSAR awards (a)Weighted average exercise or base priceHeld by Liberty Global employees:Outstanding40,413,510 $14.28