Company: LBTYK
Filing Date: 2025-03-27
Form Type: 8-K
Source: 0001570585-25-000102
Chunk: 1

Company: Liberty Global Ltd.
Filing Date: 2025-03-27
Form: 8-K
Item: Item 5.02
Chunk 1
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the “2025 NEOs”) will participate in the 2025 Performance Award program. The target 2025 Performance Award is $13.0 million for our CEO, Michael T. Fries, and range from $2.75 million to $4.0 million for each of the other 2025 NEOs.

2025 Long-Term Incentive Program

Pursuant to the Liberty Global 2023 Incentive Plan (as amended and restated effective November 23, 2023), on March 21, 2025, the Committee approved the Company’s 2025 long-term incentive program (the “2025 Long-Term Incentive Program”).

The 2025 Long-Term Incentive Program has approximately 550 participants across the Company, including each of the 2025 NEOs. Multi-year, long-term incentive awards substantially based in equity have long represented a majority of our senior management’s compensation, helping to ensure that our employee participants have a continuing stake in the Company’s success and aligning employee and shareholder interests. As described below, the actual value of the long-term equity-based compensation awards under the 2025 Long-Term Incentive Program depends almost exclusively upon the Company’s share price performance. The 2025 Long-Term Incentive Program included a grant of awards made on March 21, 2025 to each of our 2025 NEOs, whose target annual equity values are: Mr. Fries $16,000,000, Mr. Bracken $6,250,000, Mr. Rodriguez $6,250,000, Mr. Salvato $6,000,000 and Mr. Hall $4,250,000. Under the 2025 Long-Term Incentive Program, each of our 2025 NEOs received PSU, LGIP, and RSU awards (each as described below)

Performance Share Units (“ PSUs”)

Seventy percent of each 2025 NEO’s target equity value award under the 2025 Long-Term Incentive Program is in the form of PSUs, which cover fiscal years 2025 through 2027 (the “ Performance Period”). The Committee selected absolute share price performance as the sole metric for the PSUs issued under the 2025 Long-Term Incentive Program, with a payout based upon achieving share price growth tied to certain pre-established price levels, as adjusted by the Committee for events such as acquisitions, dispositions, spin-offs,