Liberty Global (LBTYA) EVP receives performance share awards with tax withholding

Rhea-AI Filing Summary

Liberty Global Ltd. executive Andrea Salvato reported stock-based compensation tied to the company’s 2023 Ventures Incentive Plan. On March 13, 2026, he received 23,587 Class A Common Shares and 23,587 Class C Common Shares at no cost, following completion of a three-year performance period that ran from January 1, 2023 through December 31, 2025.

To satisfy tax obligations on these awards, 11,086 Class A shares were withheld at $12.18 per share and 11,086 Class C shares were withheld at $11.91 per share. After these compensation grants and related tax withholding, Salvato directly holds 174,836 Class A Common Shares and 172,558 Class C Common Shares.

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

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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 CO 80202

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Class A Common Shares	03/13/2026		A		23,587	A	(1)	185,922	D
Class A Common Shares	03/13/2026		F		11,086	D	$12.18	174,836	D
Class C Common Shares	03/13/2026		A		23,587	A	(1)	183,644	D
Class C Common Shares	03/13/2026		F		11,086	D	$11.91	172,558	D

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

Explanation of Responses:

1. The shares (subject to applicable tax withholding) were issued to the Reporting Person at the discretion of the Issuer's compensation committee following the completion of the three-year performance period of the Issuer's 2023 Ventures Incentive Plan, which performance period began on January 1, 2023 and ended on December 31, 2025.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney. The trading symbols for the Issuer's classes of common shares are LBTYA, LBTYB, and LBTYK.

	/s/ Colton Lyons, Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Liberty Global (LBTYA) executive Andrea Salvato report in this Form 4?

Andrea Salvato reported performance-based stock awards from Liberty Global. He received Class A and Class C common shares under the 2023 Ventures Incentive Plan, with a portion of each award withheld in shares to cover associated tax obligations.

How many Liberty Global Class A shares did Andrea Salvato receive and retain?

Salvato was granted 23,587 Class A Common Shares at no cost. To cover taxes, 11,086 shares were withheld at $12.18 per share, leaving him with 174,836 Class A shares directly owned after the reported transactions.

How many Liberty Global Class C shares did Andrea Salvato receive and retain?

He was also granted 23,587 Class C Common Shares. For tax withholding, 11,086 Class C shares were withheld at $11.91 per share, resulting in direct ownership of 172,558 Class C shares following the compensation-related transactions.

What plan governed the Liberty Global stock awards to Andrea Salvato?

The awards were issued under Liberty Global’s 2023 Ventures Incentive Plan. The plan’s performance period lasted three years, beginning January 1, 2023 and ending December 31, 2025, after which the compensation committee determined the shares to be issued.

Were Andrea Salvato’s Liberty Global share transactions open-market buys or sells?

No, the transactions were compensation-related. Shares were granted as awards, and the dispositions were F-code tax-withholding events, where shares were withheld by the issuer to satisfy tax liabilities rather than sold in the open market.

What is Andrea Salvato’s position at Liberty Global (LBTYA)?

Andrea Salvato serves as Executive Vice President and Chief Development Officer at Liberty Global. The Form 4 filing reports his direct ownership changes in Liberty Global’s Class A and Class C Common Shares following performance-based stock awards and related tax withholding.