Company: LILA
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001712184-25-000084
Chunk: 46

Company: Liberty Latin America Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 46
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) third-party costs directly associated with successful and unsuccessful acquisitions and dispositions, including legal, advisory and due diligence fees, as applicable, and (iii) other acquisition-related items, such as gains and losses on the settlement of contingent consideration.

(3) With respect to achievement of improvements in our business process controls, we did not achieve zero material weaknesses but had no more than one significant deficiency as of December 31, 2024. With respect to achievement of improvements in our GITC controls, there were no user access material weaknesses in four of the target systems of our control onboarding markets, and for the control execution markets, there was more than one material weakness in new systems implemented and no material weaknesses or significant deficiencies in the legacy systems.

(4) To determine the final total bonus payout, the payout based on financial and operational performance is then multiplied by each NEO’s target achievable performance award and reduced by 3.0% for Mr. Nair and 1.0% for the other NEOs, as approved by the compensation committee. In the case of Ms. Lorenzo, who was awarded a recognition bonus award for her performance in 2024 as described above in — Assessing NEO Performance , such result was multiplied by 1.30.

2024 CWP Incentive. In February 2024, the compensation committee approved an additional $250,000 performance incentive ( 2024 CWP Incentive ) for Ms. Lorenzo in connection with her appointment as Senior Vice President, General Manager of CWP. Vesting for half of the award was conditioned on continued employment in

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her new role as Senior Vice President, General Manager of CWP through June 30, 2024, which was paid and delivered in the form of 4,006 LILA shares and 7,944 LILAK shares on August 1, 2024. The remaining half would be earned if CWP achieved its 2024 budgeted revenue ($767.5 million) and OFCF ($175.0 million) targets and 90% of its collection target for Panamanian government receivables ($120.0 million). Each of these performance metrics were equally weighted. In February 2025, the committee reviewed CWP’s achievement of $763.2 million in 2024 revenue, $164.9 million in 2024 OFCF and $133.2 million in collections from the Panamanian government in 2024 and determined to vest the