Company: LBRDK
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001104659-25-029085
Chunk: 35

Company: Liberty Broadband Corp
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 35
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 to our company was 23% or $3,910,000. The portions of Mr. Maffei’s aggregate target bonus amount allocated to each of Liberty Media, QVC Group, Liberty TripAdvisor and Atlanta Braves Holdings pursuant to the amended services agreements were 54% (or $9,180,000), 10% (or $1,700,000), 5% (or $850,000) and 8% (or $1,360,000), respectively. Messrs. Maffei and Wendling and Ms. Wilm were assigned in March 2024 a maximum bonus opportunity under the performance-based bonus program, which would be allocated to each of our company, Liberty Media, QVC Group, Liberty TripAdvisor and Atlanta Braves Holdings in the same percentage as the allocation for Mr. Maffei’s target bonus opportunity (the Maximum Performance Bonus ). The portion of the Maximum Performance Bonus allocated to the Liberty Broadband program was $7,820,000, $1,650,000 and $3,000,000 for Messrs. Maffei and Wendling and Ms. Wilm, respectively (the Liberty Broadband Maximum Performance Bonus ). The Liberty Broadband Maximum Performance Bonus amounts are up to 200% of Mr. Maffei’s target annual bonus allocated to our company under the 2019 Maffei Employment Agreement and our company’s allocable portion of up to 200% of base pay for each of Mr. Wendling and Ms. Wilm. The portion of the Maximum Performance Bonus allocated to Liberty Media, QVC Group, Liberty TripAdvisor and Atlanta Braves Holdings was $18,360,000, $3,400,000, $1,700,000 and $2,720,000, respectively, for Mr. Maffei, $891,000, $165,000, $82,500 and $132,000, respectively, for Mr. Wendling and $1,620,000, $300,000, $150,000 and $240,000, respectively, for Ms. Wilm. Each participant was entitled to receive from our company an amount (the Liberty Broadband Maximum Individual Bonus ) equal to 60% of the Liberty Broadband Maximum Performance Bonus for that participant. The Liberty Broadband Maximum Individual Bonus was subject to reduction based on a determination of the participant’s achievement of qualitative criteria established with respect to the services to be performed by the participant on behalf of our company. Under the corollary program of Liberty Media