Form 4: Liberty Global CTO Awarded Shares Post-Performance Plan

Liberty Global's EVP and Chief Technology Officer, Enrique Rodriguez, received Class A and Class C common shares following the completion of a three-year performance period.

Summary

• Enrique Rodriguez, EVP, Chief Technology Officer of Liberty Global Ltd., was awarded 20,835 Class A Common Shares and 20,835 Class C Common Shares on March 13, 2026.
• These shares were issued following the successful completion of the three-year performance period (January 1, 2023, to December 31, 2025) of the Issuer's 2023 Ventures Incentive Plan.
• Concurrently, Rodriguez disposed of 11,568 Class A Common Shares at $12.18 per share and 11,568 Class C Common Shares at $11.91 per share to cover applicable tax withholding obligations.
• Following these transactions, Rodriguez beneficially owns 365,158 Class A Common Shares and 575,943 Class C Common Shares indirectly through the Enrique Rodriguez Management Trust.
• He also directly owns 100,209 Class A Common Shares and 106,085 Class C Common Shares, and indirectly owns 15,892 Class C Common Shares via a 401(k) Plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the successful achievement of performance targets by a key executive and reinforcing alignment with shareholder interests, despite the routine tax-related share disposition.

Positives

• Enrique Rodriguez was awarded 20,835 Class A and 20,835 Class C Common Shares, indicating successful achievement of performance targets under the 2023 Ventures Incentive Plan.
• The completion of the three-year performance period (January 1, 2023 December 31, 2025) suggests positive operational outcomes for the company during that timeframe.
• Increased alignment of executive interests with shareholder value through equity awards.

Negatives

• A portion of the awarded shares (11,568 Class A and 11,568 Class C) were immediately disposed of to cover tax withholding, reducing the net increase in beneficial ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that executive equity awards tied to performance plans are a standard practice across the technology and telecommunications sectors, aiming to align management incentives with long-term shareholder value creation. This specific award reflects the successful conclusion of a multi-year incentive program, which is a positive signal regarding the company's performance during that period.

Related Party Transactions

• The shares are held by the Enrique Rodriguez Management Trust, of which the Reporting Person is the trustee, indicating an indirect beneficial ownership structure.

Stakeholder Impact

• Shareholders: The award of shares to a key executive aligns management incentives with shareholder interests, potentially leading to better long-term performance. The disposition for tax withholding is a minor, routine dilution.
• Employees: The successful completion of a performance plan and subsequent equity award can serve as a positive example for other employees regarding the company's compensation structure and performance culture.

Key Dates

Keywords

Liberty Global, LBTY, Enrique Rodriguez, EVP, Chief Technology Officer, SEC Form 4, Insider Transaction, Stock Award, Executive Compensation, Performance Plan, Equity Grant, Class A Common Shares, Class C Common Shares