Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 156

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 156
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. Awards under the Ventures Incentive Plans are liability classified due to the fact that the final payout under these plans will be denominated in cash and may be settled in a variable number of shares. The estimated fair value of the final payouts under our Ventures Incentive Plans as of December 31, 2024 are shown below:

II-107

LIBERTY GLOBAL LTD.Notes to Consolidated Financial Statements — (Continued)December 31, 2024, 2023 and 2022

Performance periodVesting dateEstimated fair value of final payoutin millions2022 Ventures Incentive Plan12/31/2021 - 12/31/2024March 15, 2025$8.8 2023 Ventures Incentive Plan12/31/2022 - 12/31/2025March 15, 202610.9 2023 Tech Ventures Incentive Plan12/31/2022 - 12/31/2025March 15, 20260.6 2024 Ventures Incentive Plan12/31/2023 - 12/31/2026March 15, 202713.5 2024 Tech Ventures Incentive Plan12/31/2023 - 12/31/2026March 15, 20270.7 Total$34.5 The 2021 Ventures Incentive Plan vested on March 15, 2024. Participants earned 108.5% of their targeted payout which was settled in 442,221 shares of Liberty Global Class A and 442,221 Class C common shares. Performance Awards The following is a summary of the material terms and conditions with respect to our performance based awards for certain executive officers and key employees. 2024 PSUsIn May 2024, the compensation committee of our board of directors approved the grant of PSUs to executive officers and other key employees (the 2024 PSUs). The performance metric for the 2024 PSUs is based on Liberty Global’s relative total shareholder return (rTSR) during the performance period commencing May 10, 2024 and ending December 31, 2026, calculated based on a comparison of Liberty Global’s total shareholder return (TSR) compared to the TSR of a comparator group of companies, which comprises all companies continuously listed in the NASDAQ Telecommunications Index or the Stoxx Europe 600 Telecom Index during the performance period. The market condition related to