Company: LBTYK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001193125-25-076819
Chunk: 35

Company: Liberty Global Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 35
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 vest approximately one year after the grant date, provided the employee holds all of the shares issued as part of the SHIP through such vesting period. The number of common shares granted is based on the closing prices of our Liberty Global Class A and Liberty Global Class C shares on the date the bonus is paid and, in 2024, was delivered on a one-to-oneratio between our Liberty Global Class A and Liberty Global Class C shares. The compensation committee may also elect to issue Liberty Global Class B shares under the SHIP to one or more employees in the SHIP. Additionally, certain employees, including our NEOs, receive company shares under the SHIP to the extent that such NEO’s annual bonus payout exceeds their target bonus amount. Design of 2024 Annual Bonus Program. As a geographically diverse company, we provide our operating companies with greater autonomy to define their own bonus programs within a reward governance framework set by the company (the Reward Framework). Under the Reward Framework, our operating companies may design their bonus programs around certain financial and non-financialmetrics, weighting them as appropriate to compete for talent in their specific country or region. In the case of the VodafoneZiggo JV and the VMO2 JV, the Reward Framework was designed in alignment with our joint venture partners. Our NEOs participated in the company’s central 2024 annual performance bonus program (the 2024 Annual Bonus Program). In approving the 2024 Annual Bonus Program, the compensation committee followed the general design of the 2023 annual performance bonus program, but refined the weighting of our metrics to better align with those of our operating companies’ bonus plans and adjusted our PPP metric. The 2024 target achievable performance bonus awards for our NEO’s were $2.75 million for Mr. Hall, $3.5 million for Mr. Salvato, $3.6 million for Mr. Rodriguez and $4.0 million for Mr. Bracken. At Mr. Fries’ direction, his target remained at $16.0 million. The key elements of the 2024 Annual Bonus Program were:

| • |     | Relative achievement of four performance metrics, including two financial and two non-financial performance metrics, as follows: |

| ◾ |     | 2024 budgeted revenue on a proportionate basis (35%); |

| ◾ |     | 2024 budgeted Adjusted EBITDA less P&E Additions for Compensation Purposes (as defined below) (55%); |

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