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Liberty Global Ltd.·4

Mar 10, 8:17 PM ET

Salvato Andrea 4

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Liberty Global (LBTY) EVP Andrea Salvato Receives Award, Sells Shares

What Happened
Andrea Salvato, Executive Vice President & Chief Development Officer at Liberty Global, received shares and restricted share units (RSUs) under the company's 2025 Annual Performance Award on March 6, 2026. The filing shows grants of 32,942 Class A and 32,942 Class C common shares (total 65,884 shares) and RSUs equal to 12.5% of those shares (4,117 RSUs tied to each class; total ~8,234 RSUs). To satisfy tax withholding related to the award, 15,484 shares were surrendered at $12.54 (value $194,169) and another 15,484 shares at $12.36 (value $191,382), for a total of 30,968 shares withheld valued at $385,551. The RSUs vest in full on March 1, 2027, subject to the hold requirement described in the filing.

Key Details

  • Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (filing appears late by one business day).
  • Grant types: Award/Grant (code A) for shares and RSUs; Tax withholding (code F) for share surrender to cover taxes.
  • Shares granted: 32,942 Class A + 32,942 Class C = 65,884 shares (issued as part of 2025 Annual Performance Award).
  • RSUs granted: 4,117 RSUs per class (total ~8,234 RSUs). Each RSU equals one share and vests March 1, 2027 if holding conditions are met.
  • Shares withheld for taxes: 15,484 shares @ $12.54 ($194,169) and 15,484 shares @ $12.36 ($191,382); total withheld = 30,968 shares for $385,551.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Trading symbols: LBTYA, LBTYB, LBTYK (per filing remarks).

Context

  • The primary activity is receipt of performance award shares and associated RSUs (an acquisition/compensation event), not an open-market purchase or voluntary sale.
  • The share dispositions here are tax-withholding transactions (common when awards are paid in shares); they are routine and do not necessarily indicate a change in personal investment view.
  • RSUs are a derivative award: they represent rights to receive shares at vesting (March 1, 2027) and are subject to the issuer’s holding requirements described in the filing.