Liberty Global (LBTYA) EVP granted shares and RSUs, with tax withholding

Rhea-AI Filing Summary

Liberty Global Ltd.’s EVP and Chief Development Officer, Andrea Salvato, received equity compensation tied to the company’s 2025 Annual Performance Award. On March 6, 2026, he was granted 4,117 Restricted Share Units A and 4,117 Restricted Share Units C, each RSU representing one corresponding common share. He also received 32,942 Class A and 32,942 Class C common shares as part of the award, with 15,484 Class A shares valued at $12.54 and 15,484 Class C shares valued at $12.36 delivered back to cover tax obligations. Following these transactions, he directly holds 162,335 Class A and 160,057 Class C common shares. The RSUs equal to 12.5% of the shares received will vest on March 1, 2027 if he retains the related bonus shares through that date.

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)
03/06/2026

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	03/06/2026		A		32,942(1)	A	(1)	177,819	D
Class A Common Shares	03/06/2026		F		15,484	D	$12.54	162,335	D
Class C Common Shares	03/06/2026		A		32,942(1)	A	(1)	175,541	D
Class C Common Shares	03/06/2026		F		15,484	D	$12.36	160,057	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
Restricted Share Units A	(2)	03/06/2026		A		4,117		(3)	(3)	Class A Common Shares	4,117	(2)	4,117	D
Restricted Share Units C	(2)	03/06/2026		A		4,117		(3)	(3)	Class C Common Shares	4,117	(2)	4,117	D

Explanation of Responses:

1. Class A and Class C common shares of the Issuer received by the Reporting Person pursuant to the Issuer's 2025 Annual Performance Award for employees (which was paid in part in shares), subject to applicable tax withholding.

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. Based on the Reporting Person's receipt of shares as part of the 2025 Annual Performance Award described in footnote 1, the Reporting Person also received RSUs equal to 12.5% of such shares received pursuant to the shareholding incentive program of the 2025 Annual Performance Award program. These RSUs will vest in full on March 1, 2027, provided that the Reporting Person does not sell, transfer or otherwise dispose of the Bonus Shares through such date.

Remarks:

The trading symbols for the Issuer's classes of common shares are LBTYA, LBTYB, and LBTYK.

	/s/ Cory Smith, Attorney-in-Fact	03/10/2026
	** 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).
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FAQ

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

Andrea Salvato received equity compensation, including Class A and Class C common shares and Restricted Share Units, under Liberty Global’s 2025 Annual Performance Award. The grants increase his direct holdings and add RSUs that vest in the future, subject to retention conditions.

How many Liberty Global Class A and Class C shares were granted to Andrea Salvato?

Andrea Salvato was granted 32,942 Class A common shares and 32,942 Class C common shares as part of the 2025 Annual Performance Award. These share grants formed the basis for additional RSUs equal to 12.5% of the shares he received under that program.

What are the details of the Restricted Share Units granted to Andrea Salvato at Liberty Global (LBTYA)?

He received 4,117 Restricted Share Units A and 4,117 Restricted Share Units C. Each RSU represents one corresponding common share. These RSUs relate to Liberty Global’s 2025 Annual Performance Award shareholding incentive program and vest based on future service and holding conditions.

When will Andrea Salvato’s Liberty Global RSUs vest and what conditions apply?

The RSUs granted under the 2025 Annual Performance Award will vest in full on March 1, 2027. Vesting requires that Andrea Salvato does not sell, transfer, or otherwise dispose of the related bonus shares he received as part of the award before that date.

Why did Liberty Global shares appear as dispositions in Andrea Salvato’s Form 4?

The Form 4 shows dispositions coded as “F,” meaning shares were delivered to cover tax liabilities on equity compensation. Specifically, 15,484 Class A and 15,484 Class C shares were used for tax withholding, rather than sold in open-market transactions.

What are Andrea Salvato’s Liberty Global shareholdings after these transactions?

After the March 6, 2026 transactions, Andrea Salvato directly holds 162,335 Class A common shares and 160,057 Class C common shares of Liberty Global. These figures reflect the grants received and the shares delivered to satisfy tax withholding obligations on the awards.