Liberty Global Ltd.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
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Item 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Our independent registered public accounting firm is KPMG LLP, Denver, COAuditor Firm ID: 185
We intend to file our definitive proxy statement for our 2026 Annual Meeting of Shareholders with the Securities and Exchange Commission on or before April 29, 2026.
Insider Trading Policy
Liberty Globalhas an insider trading policy governing the purchase, sale, and other dispositions of Liberty Global’s securities that applies to all Liberty Global personnel, including directors, officers and employees. Liberty Global also follows procedures for the repurchase of its securities. We believe our insider trading policy and repurchase procedures are reasonably designed to promote compliance with insider trading laws, rules and regulations, and listing standards applicable to Liberty Global. A copy of Liberty Global’s insider trading policy is filed as Exhibit 19.1 to this Annual Report on Form 10-K.
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Securities Authorized for Issuance Under Equity Compensation Plans
The following table sets forth information as of December 31, 2025 with respect to our common shares that are authorized for issuance under our equity compensation plans.
Equity Compensation Plan Information
| Plan Category | Number ofsecurities to beissued uponexercise ofoutstandingoptions, warrantsand rights (1)(2) | Weighted average exercise price of outstanding options, warrants and rights (1)(2) | Number ofsecuritiesavailable forfuture issuanceunder equitycompensationplans (excluding securities reflected in the first column) |
|---|---|---|---|
| Equity compensation plans approved by security holders: | |||
| Liberty Global 2023 Incentive Plan (3): | 62,996,261 | ||
| Liberty Global Class A common shares | 5,864,322 | $9.68 | |
| Liberty Global Class C common shares | 9,278,229 | $10.31 | |
| Liberty Global 2014 Incentive Plan (4): | |||
| Liberty Global Class A common shares | 33,835,853 | $14.76 | |
| Liberty Global Class C common shares | 77,659,332 | $14.63 | |
| Liberty Global 2014 Nonemployee Director Incentive Plan (4): | |||
| Liberty Global Class A common shares | 796,901 | $15.24 | |
| Liberty Global Class C common shares | 4,084,414 | $13.70 | |
| Equity compensation plans not approved by security holders: | |||
| None | — | — | |
| Totals: | |||
| Total common shares available for issuance | 62,996,261 | ||
| Liberty Global Class A common shares | 40,497,076 | ||
| Liberty Global Class C common shares | 91,021,975 | ||
(1)This table includes (i) SARs and PSARs with respect to 34,225,710 and 5,109,591 Liberty Global Class A common shares, respectively, and 75,531,037 and 9,947,722 Liberty Global Class C common shares, respectively. Upon exercise, the appreciation of a SAR, which is the difference between the base price of the SAR and the then-market value of the respective underlying class of common shares or in certain cases, if lower, a specified price, may be paid in shares of the applicable class of common shares. Based upon the respective market prices of Liberty Global Class A and Class C common shares at December 31, 2025 and excluding any related tax effects, 1,486,174 and 1,922,807 Liberty Global Class A and Liberty Global Class C common shares, respectively, would have been issued if all outstanding and in-the-money SARs had been exercised on December 31, 2025. For further information, see note 15 to our consolidated financial statements.
(2)In addition to the option, SAR and PSAR information included in this table, there are outstanding RSU and PSU awards under the various incentive plans with respect to an aggregate of 7,976,721 and 10,840,139, Liberty Global Class A and Liberty Global Class C common shares, respectively.
(3)The Liberty Global 2023 Incentive Plan permits grants of, or with respect to, Liberty Global Class A, Class B, or Class C common shares subject to a single aggregate limit of 72,448,191 shares (as adjusted for the Spin-off), subject to anti-dilution adjustments. As of December 31, 2025, an aggregate of 62,996,261 common shares were available for issuance pursuant to the incentive plan. For further information, see note 15 to our consolidated financial statements.
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(4)On June 14, 2023, our shareholders approved the Liberty Global 2023 Incentive Plan and, accordingly, no further awards will be granted under the Liberty Global 2014 Incentive Plan or the Liberty Global 2014 Nonemployee Director Incentive Plan.
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Part IV
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