Salvato Andrea 4

What Happened
Andrea Salvato, EVP and Chief Development Officer of Liberty Global (LBTY), was issued equity awards following the completion of a three‑year performance period. The Form 4 reports two grants (code A) of 23,587 shares each on March 13, 2026, and two tax‑withholding transactions (code F) in which 11,086 shares were surrendered/withheld at $12.18 (proceeds $135,027) and 11,086 shares at $11.91 (proceeds $132,034). The withheld shares generated approximately $267,061 in proceeds. These transactions reflect issuance of performance awards and routine tax withholding rather than an open‑market sale.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (filed within the 2 business‑day requirement).
• Grants reported: two A entries of 23,587 shares (award).
• Tax withholding reported: two F entries of 11,086 shares each at $12.18 and $11.91 (proceeds $135,027 and $132,034).
• Shares owned after the transactions: not disclosed in this filing.
• Footnote (F1): Shares were issued at the discretion of the compensation committee after completion of the 2023 Ventures Incentive Plan performance period (Jan 1, 2023 – Dec 31, 2025).
• Trading symbols noted in the filing: LBTYA, LBTYB, LBTYK.

Context
These entries are awards and company tax withholding (code A and F). Withholding of shares to cover taxes is a common, administrative step and is not the same as an open‑market sale (which would be coded S). The grants were performance‑based, vested upon the end of the plan’s three‑year performance period.