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

Liberty Broadband (LBRDK)

CEO Martin Patterson was paid $1,194,406 in fiscal year 2025 (SEC filing 0001104659-26-035200 ↗): 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
81.11%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Martin Patterson (President and Chief Executive Officer), FY2025 total compensation $1,194,406 (base salary $0) [exec_comp, SEC accession 0001104659-26-035200, filed 2026-03-26]

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LBRDK's next annual pay disclosure, estimated March 24, 2027.est. Filing ↗

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 FY2024→2025
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.

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Companies that benchmark against LBRDK

Each company listed discloses LBRDK in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Brian WendlingExecutive$625,947
Renee WilmGeneral Counsel$1,178,307
Martin PattersonCEO$1,194,406
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Gregg L. EnglesIndependent Director$245,742
J. David WargoIndependent Director$345,156
John C. MaloneChair of the Board—
John E. Welsh IIIIndependent Director$333,164
Julie D. FristIndependent Director$315,744
Richard R. GreenIndependent Director$215,555
Sue Ann R. HamiltonIndependent Director$291,496
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 PattersonRSU2025-08-21——16,722—$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
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-06-1029,004,2866,753,205113,97781.11%Passed
20212021-05-2633,307,34113,603,66741,84171%Passed
20182018-05-2435,190,9049,675,45974,15578.43%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20242024-06-1081.11%a
20212021-05-2671%b
20182018-05-2478.43%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

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 Governance252,39300—80,771333,164
Julie D. FristIndependent · Compensation · Nominating & Corporate Governance212,65000—103,094315,744
Sue Ann R. HamiltonIndependent · Compensation · Nominating & Corporate Governance212,65000—78,846291,496
Gregg L. EnglesIndependent · Audit · Nominating and Corporate Governance212,65000—33,092245,742
Richard R. GreenIndependent · Compensation · Nominating & Corporate Governance212,65000—2,905215,555
John C. MaloneEmployee director · Board Chair · Executive—————0
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.

10d

Frequently asked questions

Who was the highest-paid executive at Liberty Broadband in fiscal 2025?
As disclosed, Martin Patterson (President and Chief Executive Officer) was the highest-paid executive at Liberty Broadband in fiscal 2025, with total compensation of $1,194,406.
How did shareholders vote on Liberty Broadband's executive compensation?
As disclosed, 81.11% of shareholders supported Liberty Broadband's executive compensation in the latest say-on-pay vote.
How much does Liberty Broadband spend in total on board compensation for fiscal 2025?
As disclosed, Liberty Broadband reported total board compensation of $1,746,857 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. 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. View filing ↗
2Section 01, Renee WilmDEF 14A2026-03-260001104659-26-035200Section “Summary Compensation Table”. As printed: 1,178,307. View filing ↗
3Section 01, Brian WendlingDEF 14A2026-03-260001104659-26-035200Section “Summary Compensation Table”. As printed: 625,947. View filing ↗
4Section 03, Martin Patterson RSUDEF 14A2026-03-260001104659-26-035200Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
5Section 08, J. David WargoDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 345,156. View filing ↗
6Section 08, John E. Welsh IIIDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 333,164. View filing ↗
7Section 08, Julie D. FristDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 315,744. View filing ↗
8Section 08, Sue Ann R. HamiltonDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 291,496. View filing ↗
9Section 08, Gregg L. EnglesDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 245,742. View filing ↗
10Section 08, Richard R. GreenDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 215,555. View filing ↗
11Section 08, John C. MaloneDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: 0. View filing ↗
12Section 08, Derek ChangDEF 14A2026-03-260001104659-26-035200Section “Director Compensation”. As printed: —. View filing ↗
13Section 06, 2024 voteForm 8-K2024-06-130001611983-24-000022Item 5.07 · say-on-pay result. As reported: 81.11% (votes for as printed: 29,004,286). View filing ↗
14Section 06, 2021 voteForm 8-K2021-05-270001611983-21-000018Item 5.07 · say-on-pay result. As reported: 71% (votes for as printed: 33,307,341). View filing ↗
15Section 06, 2018 voteForm 8-K2018-05-290001611983-18-000012Item 5.07 · say-on-pay result. As reported: 78.43% (votes for as printed: 35,190,904). View filing ↗
16Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
17Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
18Section 09b board cost (computed)Computed——Cash 1,320,643 + equity 0 + all other 426,214 = 1,746,857, summed across the director compensation table rows.
19Liberty 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. View filing ↗