Liberty Latin America Ltd.
For the period ended May 27, 2025. Filed Apr 9, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 27, 2025 · Filed Apr 9, 2025
Contents
Pay versus Performance Table
| Value of Initial Fixed $100 Investment Based on: | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year · Summary Compensation Table Total for PEO · Compensation Actually Paid to PEO · Average Summary Compensation Table Total for Non-PEO NEOs · Average Compensation Actually Paid to Non-PEO NEOs · Total Shareholder Return · Peer Group Total Shareholder Return · Net Income(in millions) · Consolidated Adjusted OFCF(in millions) | ||||||||||||||
| (a) · ($)(b) · ($)(c) · ($)(d)(1) · ($)(e) · LILA($)(f)(2) · LILAK($)(g)(2) · ($)(h)(2) · ($)(i) · ($)(j)(3) | ||||||||||||||
| 2024 | 18,487,068 | 14,639,298 | (4) | 4,465,213 | 3,790,153 | (5) | 34.98 | 34.63 | 108.78 | (627.3) | 897.9 | |||
| 2023 | 16,161,952 | 14,550,211 | 3,799,987 | 3,421,769 | 40.21 | 40.09 | 101.19 | (86.8) | 973.0 | |||||
| 2022 | 15,745,617 | 6,402,860 | 4,131,692 | 2,423,503 | 41.42 | 41.51 | 92.13 | (207.8) | 930.0 | |||||
| 2021 | 37,576,803 | 31,662,646 | 6,226,351 | 5,596,550 | 64.13 | 62.27 | 115.30 | (490.6) | 961.0 | |||||
| 2020 | 16,478,363 | 4,646,463 | 3,768,484 | 1,346,056 | 61.22 | 60.58 | 118.31 | (809.0) | 819.0 | |||||
(1)The dollar amounts reported in column (d) represent the average of the amounts reported for our named executive officers as a group (excluding Mr. Nair, who has served as our CEO since 2017) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Nair) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, 2023 and 2022, Christopher Noyes, Aamir Hussain, Rocio Lorenzo and John Winter; (ii) for 2021, Christopher Noyes, Betzalel Kenigsztein, Vivek Khemka, Rocio Lorenzo and John Winter; and (iii) for 2020, Christopher Noyes, Betzalel Kenigsztein, Vivek Khemka and John Winter.
(2)The total shareholder return (TSR) in columns (f), (g) and (h) compares the changes in the cumulative TSR on our LILA and LILAK shares from market close on December 31, 2019 to December 31 of each of 2020, 2021, 2022, 2023 and 2024, to the change in the cumulative TSR of the MSCI Emerging Markets NTR Index, which is our peer group index in the 2024 Form 10-K (assuming reinvestment of dividends, where applicable, and that $100 was invested at the market close on December 31, 2019).
(3)Consolidated adjusted OFCF is OFCF as adjusted each year in accordance with our annual bonus program and for certain other unbudgeted events that the compensation committee, in its discretion and consistent with past practice, determined distorted performance against the financial performance metrics. Historically, OFCF adjustments apply foreign currency exchange rates for the covered year to our OFCF for the immediately preceding year and include the impact of acquisitions, dispositions, volcanic activity, hurricanes, earthquakes and power outages. See Compensation Discussion and Analysis—Elements of Our Compensation Packages—Annual Performance Awards—Design of 2024 Annual Bonus Program and 2024 Performance for the definition of OFCF.
(4)The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Nair, as computed in accordance with Item 402(v) of Regulation S-K. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to Mr. Nair’s total compensation for
2024 to determine the compensation actually paid. With respect to equity award adjustments for 2024 as disclosed in the table below, the valuation assumptions used to calculate the fair values did not materially differ from those disclosed at the time of grant.
| 2024 ($) | |
| Summary Compensation Table (SCT) Total Compensation | 18,487,068 |
|---|---|
| Less: Stock Award Values Reported in SCT for the Covered Year | 5,643,692 |
| Less: Option Award Values Reported in SCT for the Covered Year | 8,186,170 |
| Plus: Incremental Share-based Compensation Expense Associated with the SAR Extensions | 3,106,236 |
| Plus: Fair Value of Equity Awards Granted in the Covered Year and Outstanding and Unvested at End of Covered Year | 10,696,862 |
| Plus: Fair Value as of Vesting Date of Equity Awards Granted and Vested in Covered Year | 697,164 |
| Plus/Less: Change in Fair Value of Outstanding Unvested Equity Awards from Prior Years | (1,323,273) |
| Plus/Less: Change in Fair Value of Equity Awards from Prior Years that Vested in the Covered Year | (3,194,897) |
| Less: Fair Value of Equity Awards Forfeited during the Covered Year | 0 |
| Plus: Value of Dividends or other Earnings Paid on Equity Awards | 0 |
| Compensation Actually Paid | 14,639,298 |
(5)The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs identified in footnote 1 as a group (excluding Mr. Nair), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to average total compensation for the NEOs as a group (excluding Mr. Nair) for 2024 to determine the compensation actually paid, using the same methodology described above in footnote 1. With respect to equity award adjustments for 2024 as disclosed in the table below, the valuation assumptions used to calculate the fair values did not materially differ from those disclosed at the time of grant.
| 2024 Average ($) | |
|---|---|
| SCT Total Compensation | 4,465,213 |
| Less: Stock Award Values Reported in SCT for the Covered Year | 1,531,469 |
| Less: Option Award Values Reported in SCT for the Covered Year | 1,765,218 |
| Plus: Incremental Share-based Compensation Expense Associated with the SAR Extensions | 567,145 |
| Plus: Fair Value of Equity Awards Granted in the Covered Year and Outstanding and Unvested at End of Covered Year | 2,875,337 |
| Plus: Fair Value as of Vesting Date of Equity Awards Granted and Vested in Covered Year | 300,971 |
| Plus/Less: Change in Fair Value of Outstanding Unvested Equity Awards from Prior Years | (380,302) |
| Plus/Less: Change in Fair Value of Equity Awards from Prior Years that Vested in the Covered Year | (457,951) |
| Less: Fair Value of Equity Awards Forfeited during the Covered Year | 0 |
| Plus: Value of Dividends or other Earnings Paid on Equity Awards | 0 |
| Compensation Actually Paid | 3,790,153 |
We believe our performance-based compensation program provides the opportunity to reward our NEOs and other senior management for contributing to annual and long-term financial, operational, and share price performance. The majority of our NEOs’ compensation is aligned with shareholder interests and delivered in the form of annual performance bonuses and multi-year performance-based equity incentive awards in the form of SARs and, in prior years, PSARs, which are tied to share price appreciation and to company or individual performance.
The financial performance measures used by our company to link compensation actually paid to our NEOs for 2024 to our performance were:
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.