Company: LILA
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001712184-25-000084
Chunk: 44

Company: Liberty Latin America Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 44
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 (iii) governance objectives, weighted 15%.

The 2024 target achievable performance award was $4.5 million for our CEO, representing a $250,000 increase as provided by Mr. Nair’s employment agreement with our company, which was renewed in July 2022 (the 2022 Nair Agreement ), and $1.0 million for each of the other NEOs. Additionally, each participant is eligible for the Recognition Bonus Program, which could increase the 2024 annual bonus to up to 130% of the annual bonus result.

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Growth was determined by comparing 2023 actual results, as adjusted for foreign currency exchange rates, for the applicable metric to the amount budgeted for that metric in the 2024 audited consolidated financial statements as approved by our Board. The payout schedule for each financial metric is based on the percentage achievement against the target set at the March 2024 compensation committee meeting, as adjusted for events during the performance period that affect comparability, such as acquisitions, natural disasters, the impact of unforeseen changes in laws and regulations and changes in foreign currency exchange rates and accounting principles or policies.

The revenue growth target for Messrs. Nair, Noyes, Hussain and Winter was based on attainment of budgeted revenue of $4,671 million calculated based on a weighted sum of the parts determined using the weighted 2024 absolute revenue contribution from each of our operating companies (in each case, with a maximum contribution of 150% and a requirement to achieve at least 25% at minimum). To the extent an operation misses the minimum floor, their contribution would be set to zero but would not be negative. Similarly, if they exceed the maximum contribution, their contribution to the metric will be capped at 150%. Ms. Lorenzo’s revenue growth target was based on CWP’s local revenue target.

The OFCF growth target was company-wide for all bonus participants and was based on attainment of budgeted OFCF of $1,093 million calculated using a weighted sum of the parts determined using the weighted 2024 absolute OFCF growth contribution from each of our operating companies (in each case, with a maximum contribution of 150% and a requirement to achieve at least 25% at minimum). The negative contribution of an operating company with negative OFCF was capped at zero in determining achievement of our OFCF target. Similarly, if any operation exceeds the maximum contribution, their contribution to the metric will be capped at 150%.

The