Salvato Andrea 4

4 · Liberty Global Ltd. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

Liberty Global (LBTY) EVP Andrea Salvato Receives Stock Award

What Happened

Andrea Salvato, EVP & Chief Development Officer of Liberty Global Ltd. (tickers LBTYA/LBTYB/LBTYK), was reported as the recipient of two equity awards on Feb 13, 2026: 45,008 and 44,584 derivative units (total 89,592). No cash price is reported (N/A) because these are restricted/performance-based equity awards rather than open-market trades.
Footnotes clarify that these include Restricted Share Units (RSUs) (each representing the right to one share) and Performance Share Units (PSUs) granted March 27, 2024. As of the 2025 performance test, 50% of the PSUs were earned and converted into time-vesting RSUs; those RSUs (and any earned PSU portion) vest in full on February 15, 2027, assuming continued employment. The remaining PSUs will be tested again at year-end 2026 for potential vesting.

Key Details

Transaction date: 2026-02-13; Filing date (Form 4): 2026-02-18.
Awards: 45,008 units and 44,584 units (derivative awards); total = 89,592 units. Price per share: N/A (award).
Vesting: RSUs vest in full on February 15, 2027 (per footnote). PSUs: 50% converted to RSUs after 2025 test; remaining PSUs subject to year-end 2026 test and may vest 2/15/2027 if performance met.
Shares owned after transaction: not stated in the filing provided.
Filing timeliness: Form 4 was filed on Feb 18, 2026. Given the Feb 13 transaction and the Feb 16 federal holiday, this appears to have been filed one business day late (Form 4s are normally due within two business days).
Transaction code: A = Award/Grant; derivative nature explained in footnotes F1–F3.

Context

These were compensation awards, not open-market purchases or sales; they reflect standard executive long-term incentive pay rather than an immediate buy/sell signal. PSUs are performance-based (here tied to relative total shareholder return) and may convert to shares only if performance conditions and service requirements are met.

Form 4

Period: 2026-02-13

EVP, Chief Development Officer

Transactions

Award
Restricted Share Units A
[F1][F2][F3]
2026-02-13+45,008→ 45,008 total
→ Class A Common Shares (45,008 underlying)
Award
Restricted Share Units C
[F1][F2][F3]
2026-02-13+44,584→ 44,584 total
→ Class C Common Shares (44,584 underlying)

Footnotes (3)

[F1]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.
[F2]The reporting person was granted Performance Share Units (PSUs) on March 27, 2024, which are earned upon satisfaction of performance conditions based on achievement of stock price hurdles over a three-year period from May 10, 2024, to December 31, 2026. The PSUs vest on February 15, 2027, assuming the performance conditions are met. Under their terms, the performance conditions are tested at year end 2025 and at year end 2026. As a result of the Issuer's performance against a relative total shareholder return as of year end 2025, 50% of these PSUs were earned against that performance condition and therefore converted into time-vesting RSUs. These RSUs will vest on February 15, 2027, assuming continued employment. The remaining PSUs will be tested at year end 2026 and if the performance conditions are met, will also vest on February 15, 2027.
[F3]The RSUs will vest in full on February 15, 2027.

Signature

/s/ Cory Smith, Attorney-in-Fact|2026-02-18

1 file