Company: LBTYK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001193125-25-076819
Chunk: 45

Company: Liberty Global Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 45
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15,724 |     |                | 15,724 |     |                |   263,849 |     |                |   275,170 |

Adjustments to equity awards previously granted. We concluded the Spin-offof Sunrise on November 8, 2024. In the ordinary course of business and under the terms of the Liberty Global 2023 Incentive Plan (the 2023 Plan), equity awards held by our employees and directors have been adjusted to reflect the distribution made in the Spin-off.As a result of these adjustments, all of our Liberty Global Class A common shares and Liberty Global Class C common shares, as applicable, underlying the outstanding share options, SARs, PSUs and certain RSUs and the exercise prices of the share options and SARs, in each case, were adjusted to preserve the intrinsic value of such securities pre-and post-Spin-off.All other RSUs were given a ‘basket’ treatment, such that, at the time of the Spin-off,holders of Liberty Global RSUs were issued Sunrise RSUs in the same ratio that holders of Liberty Global shares received Sunrise shares, and thus no adjustment was necessary. For the company’s executive officers, the exact number of SARs and their exercise prices are reflected in the Outstanding Equity Awards table below. 38

Share Ownership Policy Our compensation committee has established an Executive Share Ownership Policy for our executive officers and senior officers. This policy helps to ensure that members of our senior management have a significant stake in maximizing shareholder returns.

| Position                                           |     | Guideline |                     |
| Chief Executive Officer                            |     |           | 5 times base salary |
| Executive Vice Presidents                          |     |           | 4 times base salary |
| All other members of the Executive Leadership Team |     |           | 3 times base salary |

As of March 15, 2025, the value of the common shares owned by our CEO, as calculated in accordance with the policy, significantly exceeded 5 times his base salary. In addition, as of the filing of this proxy statement, all employees subject to the policy have been deemed to be in compliance with the terms of the policy. In November 2024, the company effected the Spin-off,delivering an approximately $9.00 share distribution to shareholders, including executive and senior officers. In order to fairly address the impact of the Spin-offon the company’s share ownership policy, the compensation committee made an adjustment to the policy. As a result of the Spin-off,our executives’ sharehold