Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-03-26

Liberty Broadband (LBRDK)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,194,406
Martin Patterson total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against LBRDK
No companies currently name LBRDK as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Martin Patterson$0$166,145$1,028,236$0$0$0$25$1,194,406
President and Chief Executive Officer
Renee Wilm01,178,2870000201,178,307
Chief Legal Officer and Chief Administrative Officer
Brian Wendling0625,93900008625,947
Principal Financial Officer and Chief Accounting Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Martin Patterson$1,194,406
Renee Wilm1,178,3072,090,4923,619,018−912,185
Brian Wendling625,9471,141,0931,925,067−515,146

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Martin PattersonRSU2025-08-2116,722$1,028,236
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Martin Patterson$1,028,236$0$00.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
RecommendationOption1,427,0001,614,000
05

Incentive-plan design — the Compensation Discussion & Analysis

As a result of the management fee paid to Liberty Media, our compensation committee typically did not provide compensation to the executive officers other than the grant of the CEO RSUs granted to Mr. Patterson in connection with his appointment as our President and Chief Executive Officer, and typically does not expect to provide other compensation to the named executive officers.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
J. David WargoIndependent · Audit · Compensation$217,650$0$0$127,506$345,156
John E. Welsh IIIIndependent · Audit (Chair) · Nominating and Corporate Governance252,3930080,771333,164
Julie D. FristIndependent · Compensation · Nominating & Corporate Governance212,65000103,094315,744
Sue Ann R. HamiltonIndependent · Compensation · Nominating & Corporate Governance212,6500078,846291,496
Gregg L. EnglesIndependent · Audit · Nominating and Corporate Governance212,6500033,092245,742
Richard R. GreenIndependent · Compensation · Nominating & Corporate Governance212,650002,905215,555
John C. MaloneEmployee director · Board Chair · Executive0
Derek ChangNot independent
09

Board fee structure and ownership guideline

Annual cash retainer$187,650
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 15,000
Stock ownership guideline$562,950
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,320,643
Equity awards (grant-date value)$0
All other compensation$426,214
Total cost of the board$1,746,857

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Liberty Broadband2025Martin Patterson$0$1,028,236$0$0$1,194,406

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Martin PattersonDEF 14A2026-03-260001104659-26-035200Section “Summary Compensation Table”. As printed: 1,194,406. Filing ↗machine: r2 · c48 · span 785539–785548
2Section 01, Renee WilmDEF 14A2026-03-260001104659-26-035200Section “Summary Compensation Table”. As printed: 1,178,307. Filing ↗machine: r6 · c48 · span 807859–807868
3Section 01, Brian WendlingDEF 14A2026-03-260001104659-26-035200Section “Summary Compensation Table”. As printed: 625,947. Filing ↗machine: r3 · c48 · span 791250–791257
4Section 03, Martin Patterson RSUDEF 14A2026-03-260001104659-26-035200Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 782195–782204
5Section 08, J. David WargoDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 345,156. Filing ↗machine: span 611056–611063
6Section 08, John E. Welsh IIIDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 333,164. Filing ↗machine: span 615939–615946
7Section 08, Julie D. FristDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 315,744. Filing ↗machine: span 597511–597518
8Section 08, Sue Ann R. HamiltonDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 291,496. Filing ↗machine: span 606726–606733
9Section 08, Gregg L. EnglesDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 245,742. Filing ↗machine: span 592630–592637
10Section 08, Richard R. GreenDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 215,555. Filing ↗machine: span 601841–601848
11Section 08, John C. MaloneDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 0. Filing ↗
12Section 08, Derek ChangDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: —. Filing ↗
13Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
14Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
15Section 09b board cost (computed)ComputedcomputedCash 1,320,643 + equity 0 + all other 426,214 = 1,746,857, summed across the director compensation table rows.machine: formula: Σ = 1,746,857
16Liberty Broadband (subject), Section 10b CEO totalDEF 14A2026-03-260001104659-26-035200CEO total compensation as printed in Liberty Broadband's own proxy. As printed: 1,194,406. Filing ↗machine: r2 · c48 · span 785539–785548