Salvato Andrea 4

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.