Liberty Global (LBTYA) CTO Enrique Rodriguez receives new PSU and RSU equity grants

Rhea-AI Filing Summary

Rodriguez Enrique reported acquisition or exercise transactions in this Form 4 filing.

Liberty Global Ltd. executive vice president and chief technology officer Enrique Rodriguez reported compensation-related equity grants, not open-market trades. He received 128,289 Performance Share Units tied to Class A common shares and 128,289 Performance Share Units tied to Class C common shares.

Each PSU represents a contingent right to one share and depends 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. Payouts can range from 0–100% with overperformance capped at 200%.

Rodriguez was also granted 102,631 Restricted Share Units linked to Class A common shares and 102,631 RSUs linked to Class C common shares. Each RSU represents a right to one share and vests in three equal annual installments commencing on May 1, 2027.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Rodriguez Enrique

Role EVP, Chief Technology 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: 128,289 units PSUs Class C: 128,289 units RSUs Class A: 102,631 units +5 more

8 metrics

PSUs Class A 128,289 units Performance Share Units referencing Class A common shares granted March 26, 2026

PSUs Class C 128,289 units Performance Share Units referencing Class C common shares granted March 26, 2026

RSUs Class A 102,631 units Restricted Share Units referencing Class A common shares granted March 26, 2026

RSUs Class C 102,631 units Restricted Share Units referencing Class C common shares granted March 26, 2026

PSU performance period January 1, 2026 to December 31, 2028 Three-year stock price hurdle period for PSUs

PSU cliff vesting date February 15, 2029 Cliff vesting date for Performance Share Units, assuming continued employment

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

PSU payout range 0–200 percent PSUs vest from 0–100% with overperformance capped at 200%

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

"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^*

Rodriguez Enrique

(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 Technology 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 insider transaction did Liberty Global (LBTYA) report for Enrique Rodriguez?

Liberty Global reported that EVP and CTO Enrique Rodriguez received grants of Performance Share Units and Restricted Share Units. These are compensation awards, not open-market purchases or sales, and give him the right to receive Class A and Class C common shares over time.

How many Performance Share Units did Enrique Rodriguez receive at Liberty Global (LBTYA)?

Enrique Rodriguez received 128,289 Performance Share Units tied to Class A shares and 128,289 tied to Class C shares. Each PSU can convert into one share, subject to stock price performance conditions and a multi-year vesting schedule ending with cliff vesting on February 15, 2029.

What are the vesting conditions for Liberty Global (LBTYA) Performance Share Units?

The Performance Share Units vest based on stock price hurdles over a three-year period from January 1, 2026 to December 31, 2028. They feature cliff vesting on February 15, 2029, assuming continued employment, and can pay out from 0–100% with overperformance capped at 200%.

How do the Restricted Share Units granted to Enrique Rodriguez at Liberty Global (LBTYA) vest?

Each Restricted Share Unit represents a right to receive one Class A or Class C common share. The RSUs vest in three equal annual installments, commencing on May 1, 2027, meaning the award is spread over three years assuming Rodriguez remains employed during the vesting period.

Are Enrique Rodriguez’s Liberty Global (LBTYA) equity awards tied to Class A or Class C shares?

Rodriguez’s awards are split between both classes. He received PSUs and RSUs referencing Class A common shares and separate PSUs and RSUs referencing Class C common shares. Each unit, whether PSU or RSU, represents a right to receive one share of the corresponding class.

Do the Liberty Global (LBTYA) Performance Share Units guarantee shares to Enrique Rodriguez?

The Performance Share Units do not guarantee shares. Each PSU is a contingent right that depends on meeting stock price hurdles between 2026 and 2028. Vesting occurs on February 15, 2029, and the final payout can range from 0% up to 200% of the target amount.