Companies Liberty Broadband Corp
Liberty Broadband (LBRDK): executive pay, fiscal 2025
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CEO pay, last three years
- $1,194,406FY2025
CEO total pay was $1,194,406 in fiscal 2025; the brief holds no earlier figure for this CEO.
FY2025: salary $0 · bonus $166,145 · stock awards $1,028,236 · option awards $0
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Executives and directors
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Martin Patterson | $0 | $166,145 | $1,028,236 | $0 | $0 | $0 | $25 | $1,194,406 |
| President and Chief Executive Officer | ||||||||
| Renee Wilm | 0 | 1,178,287 | 0 | 0 | 0 | 0 | 20 | 1,178,307 |
| Chief Legal Officer and Chief Administrative Officer | ||||||||
| Brian Wendling | 0 | 625,939 | 0 | 0 | 0 | 0 | 8 | 625,947 |
| 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Martin Patterson | $1,194,406 | — | — | — |
| Renee Wilm | 1,178,307 | 2,090,492 | 3,619,018 | ↓ −912,185 |
| Brian Wendling | 625,947 | 1,141,093 | 1,925,067 | ↓ −515,146 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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 policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Martin Patterson | RSU | 2025-08-21 | — | — | 16,722 | — | $1,028,236 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Martin Patterson | $1,028,236 | $0 | $0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Martin Patterson | RSU | 414 | — | $20,120 |
| Martin Patterson | Option | 1,143 | 71.17 | — |
| Brian Wendling | RSU | 1,461 | — | 71,005 |
| Martin Patterson | Option | 2,040 | 72.31 | — |
| Renee Wilm | RSU | 2,850 | — | 138,510 |
| Brian Wendling | Option | 4,033 | 71.17 | — |
| Renee Wilm | Option | 7,869 | 71.17 | — |
| Brian Wendling | Option | 8,846 | 72.31 | — |
| Renee Wilm | Option | 15,979 | 72.31 | — |
| Martin Patterson | RSU | 16,722 | — | 812,689 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| J. David WargoIndependent · Audit · Compensation | $217,650 | $0 | $0 | — | $127,506 | $345,156 |
| John E. Welsh IIIIndependent · Audit (Chair) · Nominating and Corporate Governance | 252,393 | 0 | 0 | — | 80,771 | 333,164 |
| Julie D. FristIndependent · Compensation · Nominating & Corporate Governance | 212,650 | 0 | 0 | — | 103,094 | 315,744 |
| Sue Ann R. HamiltonIndependent · Compensation · Nominating & Corporate Governance | 212,650 | 0 | 0 | — | 78,846 | 291,496 |
| Gregg L. EnglesIndependent · Audit · Nominating and Corporate Governance | 212,650 | 0 | 0 | — | 33,092 | 245,742 |
| Richard R. GreenIndependent · Compensation · Nominating & Corporate Governance | 212,650 | 0 | 0 | — | 2,905 | 215,555 |
| John C. MaloneEmployee director · Board Chair · Executive | — | — | — | — | — | 0 |
| Derek ChangNot independent | — | — | — | — | — | — |
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 |
Total cost of the board
| Component | FY2025 |
|---|---|
| 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.
Peer group, and who names Liberty Broadband as a peer
Companies that benchmark against LBRDK
1 company names LBRDK as a compensation peer
- AST SpaceMobile, Inc.ASTSFY2025
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. Two companies are therefore absent by design: one that named LBRDK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Liberty Broadband Corp | 2025 | Martin 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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-06-10 | 29,004,286 | 6,753,205 | 113,977 | 81.11% | Passed |
| 2021 | 2021-05-26 | 33,307,341 | 13,603,667 | 41,841 | 71% | Passed |
| 2018 | 2018-05-24 | 35,190,904 | 9,675,459 | 74,155 | 78.43% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2024 | 2024-06-10 | 81.11%a |
| 2021 | 2021-05-26 | 71%b |
| 2018 | 2018-05-24 | 78.43%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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (19 citations)
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.
- Section 01, Martin Patterson. DEF 14A, filed 2026-03-26. Section “Summary Compensation Table”. As printed: 1,194,406. View filing ↗
- Section 01, Renee Wilm. DEF 14A, filed 2026-03-26. Section “Summary Compensation Table”. As printed: 1,178,307. View filing ↗
- Section 01, Brian Wendling. DEF 14A, filed 2026-03-26. Section “Summary Compensation Table”. As printed: 625,947. View filing ↗
- Section 03, Martin Patterson RSU. DEF 14A, filed 2026-03-26. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 08, J. David Wargo. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 345,156. View filing ↗
- Section 08, John E. Welsh III. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 333,164. View filing ↗
- Section 08, Julie D. Frist. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 315,744. View filing ↗
- Section 08, Sue Ann R. Hamilton. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 291,496. View filing ↗
- Section 08, Gregg L. Engles. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 245,742. View filing ↗
- Section 08, Richard R. Green. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 215,555. View filing ↗
- Section 08, John C. Malone. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Derek Chang. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-13. Item 5.07 · say-on-pay result. As reported: 81.11% (votes for as printed: 29,004,286). View filing ↗
- Section 06, 2021 vote. Form 8-K, filed 2021-05-27. Item 5.07 · say-on-pay result. As reported: 71% (votes for as printed: 33,307,341). View filing ↗
- Section 06, 2018 vote. Form 8-K, filed 2018-05-29. Item 5.07 · say-on-pay result. As reported: 78.43% (votes for as printed: 35,190,904). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 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).
- Section 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.
- Liberty Broadband Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Liberty Broadband Corp's own proxy. As printed: 1,194,406. View filing ↗