Company: LBTYK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001193125-25-076819
Chunk: 44

Company: Liberty Global Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 44
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 multiple equity vehicles (PSUs, RSUs, SARs and units in our Ventures Incentive Plan (VIP)) with different performance, retention, risk and reward profiles; |

| • |     | spreading target incentive compensation over multiple and overlapping performance/service periods and permitting changes to the performance metrics, weighting and targets between our Annual Performance Bonus Awards and Long-Term Incentive Awards; |

The compensation committee observed that SARs, PSUs and RSUs, provide a retention mechanism and strong alignment with shareholders to realize a greater total shareholder return that is sustainable over a period of years, and that including forfeiture risks and potential reductions to performance equity awards provide greater accountability to each NEO for his performance against personally tailored performance goals. Long-Term Incentive Plan 2024. The company implemented a four-pronged long-term equity incentive program for our NEOs in 2024, comprised of a grant of PSUs, RSUs, SARs and VIP awards (collectively, the 2024 LTIP). The 2024 LTIP was designed to encourage long-term total shareholder return by increasing the economic ownership each NEO holds in the company. The grants made under the 2024 LTIP were significantly weighted in equity awards, the value of which is directly tied to share price performance. For instance, the performance metric used to determine payout of the PSUs issued in 2024 is relative total shareholder return, which is measured against a pool of domestic and international company peers, with payouts ranging from 0% to 200% of target, depending on the company’s total shareholder return compared to such peers over the applicable vesting period. The use of performance-based equity grants focuses management’s efforts on achieving sustainable share price appreciation over the long term and directly aligns their interests with those of our shareholders who, like our NEOs, see potential for long-term value creation through an ownership stake in the company. In addition, our NEOs received a grant of VIP awards in 2024 that will vest in 2027 (the 2024 VIP Grants). The VIP is based upon performance of the company’s Liberty Growth portfolio of investments over a three-year period. The 2024 VIP Grants are designed to incentivize management’s efforts to drive growth and value in the company’s ventures portfolio. The payout under the VIP is determined by changes (positive or negative) in the valuation of the portfolio over the performance period. The valuation of the portfolio is performed by a third-party auditor using detailed valuation principles. The earned portion of the VIP