Liberty Global Ltd. (LBTYA) grants new PSU and RSU awards to EVP Andrea Salvato

Rhea-AI Filing Summary

Salvato Andrea reported acquisition or exercise transactions in this Form 4 filing.

Liberty Global Ltd. executive Andrea Salvato, EVP and Chief Development Officer, received new equity awards in the form of performance share units (PSUs) and restricted share units (RSUs). The awards cover both Class A and Class C common shares.

On March 26, 2026, Salvato was granted 128,289 PSUs tied to Class A shares and 128,289 PSUs tied to Class C shares. These PSUs depend on stock price hurdles measured over a three-year period from January 1, 2026 to December 31, 2028, and cliff-vest on February 15, 2029, ranging from 0–100% of target with a maximum of 200% for overperformance. Salvato also received 102,631 RSUs linked to Class A shares and 102,631 RSUs linked to Class C shares, which vest in three equal annual installments starting on May 1, 2027, providing long-term, stock-based compensation rather than an immediate cash transaction.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Salvato Andrea

Role EVP, Chief Development Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance Share Units A	128,289	$0.00	--
Grant/Award	Performance Share Units C	128,289	$0.00	--
Grant/Award	Restricted Share Units A	102,631	$0.00	--
Grant/Award	Restricted Share Units C	102,631	$0.00	--

Holdings After Transaction: Performance Share Units A — 128,289 shares (Direct); Performance Share Units C — 128,289 shares (Direct); Restricted Share Units A — 102,631 shares (Direct); Restricted Share Units C — 102,631 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.

Key Figures

PSUs Class A granted: 128,289 units PSUs Class C granted: 128,289 units RSUs Class A granted: 102,631 units +5 more

8 metrics

PSUs Class A granted 128,289 units Performance Share Units A granted on March 26, 2026

PSUs Class C granted 128,289 units Performance Share Units C granted on March 26, 2026

RSUs Class A granted 102,631 units Restricted Share Units A granted on March 26, 2026

RSUs Class C granted 102,631 units Restricted Share Units C granted on March 26, 2026

PSU performance period January 1, 2026–December 31, 2028 Three-year PSU stock price hurdle measurement window

PSU vesting date February 15, 2029 Cliff vesting date for performance share units

RSU vesting start May 1, 2027 RSUs vest in three equal annual installments starting this date

PSU payout range 0–200% of target 0–100% standard vesting, up to 200% for overperformance

Key Terms

Performance Share Unit, Restricted Share Unit, cliff vesting, stock price hurdles, +1 more

5 terms

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

"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 4

UNITED 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^*

Salvato Andrea

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Development Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Units A	(1)	03/26/2026		A		128,289		(1)	(1)	Class A Common Shares	128,289	$0	128,289	D
Performance Share Units C	(1)	03/26/2026		A		128,289		(1)	(1)	Class C Common Shares	128,289	$0	128,289	D
Restricted Share Units A	(2)	03/26/2026		A		102,631		(3)	(3)	Class A Common Shares	102,631	(2)	102,631	D
Restricted Share Units C	(2)	03/26/2026		A		102,631		(3)	(3)	Class C Common Shares	102,631	(2)	102,631	D

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-Fact	03/30/2026
	** Signature of Reporting Person	Date
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)

FAQ

What equity awards did Liberty Global (LBTYA) grant to Andrea Salvato?

Liberty Global granted Andrea Salvato performance share units and restricted share units linked to Class A and Class C shares. The awards total 128,289 PSUs of each class and 102,631 RSUs of each class, forming a substantial long-term stock-based compensation package.

How do the Liberty Global (LBTYA) performance share units for Andrea Salvato vest?

Each performance share unit represents a right to one Class A or Class C share and vests based on stock price hurdles over three years. Vesting occurs on February 15, 2029, on a cliff basis, from 0–100% of target, with potential payout capped at 200% for overperformance.

What are the vesting terms for Andrea Salvato’s RSUs at Liberty Global (LBTYA)?

Each restricted share unit gives the right to one Class A or Class C share. These RSUs vest in three equal annual installments beginning May 1, 2027, spreading the realization of equity compensation over time and encouraging longer-term retention and alignment with shareholder interests.

Does Andrea Salvato’s Form 4 for Liberty Global (LBTYA) show any share sales?

The Form 4 shows only acquisitions via grants of PSUs and RSUs, with no reported share sales. All four transactions are coded as awards, meaning they are compensation-related grants rather than open-market purchases or dispositions of Liberty Global shares.

What performance period applies to Liberty Global (LBTYA) PSUs granted to Andrea Salvato?

The performance share units measure stock price-based performance from January 1, 2026 to December 31, 2028. Results over this three-year window determine how many units vest on February 15, 2029, within a 0–100% target range and a 200% maximum for strong overperformance.