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Liberty Global (LBTYA) awards new PSU and RSU equity grants to CFO

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BRACKEN CHARLES H R reported acquisition or exercise transactions in this Form 4 filing.

Liberty Global Ltd. granted new equity awards to EVP & CFO Charles H. R. Bracken. He received 102,631 Performance Share Units tied to Class A common shares and 102,631 tied to Class C common shares. These PSUs vest based on stock price hurdles over a three-year period from January 1, 2026 to December 31, 2028, with cliff vesting on February 15, 2029, assuming continued employment and performance results.

Bracken also received 82,105 Restricted Share Units linked to Class A common shares and 82,105 linked to Class C common shares. Each RSU represents a right to receive one share and will vest in three equal annual installments commencing on May 1, 2027.

Positive

  • None.

Negative

  • None.
Insider BRACKEN CHARLES H R
Role EVP & CFO
Type Security Shares Price Value
Grant/Award Performance Share Units A 102,631 $0.00 --
Grant/Award Performance Share Units C 102,631 $0.00 --
Grant/Award Restricted Share Units A 82,105 $0.00 --
Grant/Award Restricted Share Units C 82,105 $0.00 --
Holdings After Transaction: Performance Share Units A — 102,631 shares (Direct); Performance Share Units C — 102,631 shares (Direct); Restricted Share Units A — 82,105 shares (Direct); Restricted Share Units C — 82,105 shares (Direct)
Footnotes (1)
  1. Each Performance Share Unit ("PSU") represents a contingent right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be. PSUs are subject to performance conditions based upon achievement of stock price hurdles over a three-year period from January 1, 2026 to December 31, 2028 with "cliff" vesting on February 15, 2029, assuming continued employment. PSUs will vest from 0-100 percent, with an opportunity to earn more if there is overperformance, capped at 200 percent. Each Restricted Share Unit ("RSU") represents a right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be. The RSUs vest in three equal annual installments commencing on May 1, 2027.
Performance Share Units A 102,631 units PSUs linked to Class A common shares granted March 26, 2026
Performance Share Units C 102,631 units PSUs linked to Class C common shares granted March 26, 2026
Restricted Share Units A 82,105 units RSUs linked to Class A common shares granted March 26, 2026
Restricted Share Units C 82,105 units RSUs linked to Class C common shares granted March 26, 2026
PSU performance period January 1, 2026 to December 31, 2028 Three-year stock price hurdle measurement window
PSU vesting date February 15, 2029 Cliff vesting date assuming continued employment and performance
RSU vesting start May 1, 2027 First of three equal annual RSU vesting installments
PSU payout range 0–200% Vests 0–100% with overperformance opportunity capped at 200%
Performance Share Unit financial
"Each Performance Share Unit ("PSU") represents a contingent right to receive one share"
A performance share unit (PSU) is a form of executive or employee pay that promises shares (or the cash value of shares) only if the company meets specific performance targets over a set period. Think of it like a bonus cheque that only arrives if the company hits agreed goals — it aligns managers’ rewards with business results and signals to investors how leadership is being incentivized to grow value over time.
Restricted Share Unit financial
"Each Restricted Share Unit ("RSU") represents a right to receive one share"
A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.
cliff vesting financial
"with "cliff" vesting on February 15, 2029, assuming continued employment"
stock price hurdles financial
"subject to performance conditions based upon achievement of stock price hurdles over a three-year period"
"Stock price hurdles" are specific price levels that investors watch closely because reaching them can signal a potential change in the stock's future. Think of them like checkpoints in a video game; once the stock hits these levels, it might trigger new buying or selling activity, affecting whether the price goes up or down.
overperformance financial
"with an opportunity to earn more if there is overperformance, capped at 200 percent"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BRACKEN CHARLES H R
(Last)(First)(Middle)
1550 WEWATTA STREET, STE 1000
(Street)
DENVER COLORADO 80202
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Liberty Global Ltd. [ LBTY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Share Units A(1)03/26/2026A102,631 (1) (1)Class A Common Shares102,631$0102,631D
Performance Share Units C(1)03/26/2026A102,631 (1) (1)Class C Common Shares102,631$0102,631D
Restricted Share Units A(2)03/26/2026A82,105 (3) (3)Class A Common Shares82,105(2)82,105D
Restricted Share Units C(2)03/26/2026A82,105 (3) (3)Class C Common Shares82,105(2)82,105D
Explanation of Responses:
1. Each Performance Share Unit ("PSU") represents a contingent right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be. PSUs are subject to performance conditions based upon achievement of stock price hurdles over a three-year period from January 1, 2026 to December 31, 2028 with "cliff" vesting on February 15, 2029, assuming continued employment. PSUs will vest from 0-100 percent, with an opportunity to earn more if there is overperformance, capped at 200 percent.
2. Each Restricted Share Unit ("RSU") represents a right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be.
3. The RSUs vest in three equal annual installments commencing on May 1, 2027.
Remarks:
The trading symbols for the Issuer's classes of common shares are LBTYA, LBTYB, and LBTYK.
/s/ Colton Lyons, Attorney-in-Fact03/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Liberty Global (LBTYA) grant to its CFO?

Liberty Global granted EVP & CFO Charles H. R. Bracken new performance and restricted share units. He received 102,631 PSUs and 82,105 RSUs tied to Class A shares, and the same amounts tied to Class C shares, as part of his equity-based compensation.

How many Performance Share Units did the Liberty Global CFO receive?

The CFO received 102,631 Performance Share Units linked to Class A common shares and 102,631 linked to Class C common shares. Each PSU represents a contingent right to one share, subject to performance conditions and future vesting requirements over a defined period.

What are the performance conditions for Liberty Global’s new PSUs?

The PSUs are subject to stock price hurdles over a three-year period from January 1, 2026 to December 31, 2028. Vesting occurs on February 15, 2029, assuming continued employment, with payout ranging from 0–100% and up to 200% in cases of overperformance.

When do the Liberty Global PSUs granted to the CFO vest?

All granted PSUs feature cliff vesting on February 15, 2029. Vesting depends on meeting stock price hurdles measured over the three-year performance period from January 1, 2026 through December 31, 2028, and the executive remaining employed through the vesting date.

What Restricted Share Units did Liberty Global’s CFO receive?

The CFO received 82,105 Restricted Share Units tied to Class A shares and 82,105 tied to Class C shares. Each RSU entitles him to one underlying share, subject to time-based vesting in three equal annual installments beginning May 1, 2027.

How do the RSUs granted by Liberty Global vest over time?

The Restricted Share Units vest in three equal annual installments commencing on May 1, 2027. This means one-third of each RSU grant becomes payable each year over three years, contingent on the executive’s continued employment with Liberty Global.

Do the Liberty Global PSU awards allow for overperformance payouts?

Yes. The PSUs can vest from 0–100%, with an opportunity to earn more if there is overperformance, capped at 200%. This design links ultimate share delivery to Liberty Global’s stock price performance over the designated three-year measurement period.