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.
Each company listed discloses LBTYA 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 LBTYA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Michael Fries | $3,000,000 | $0 | $18,042,057 | $0 | $13,000,000 | $0 | $3,675,889 | $37,717,946 |
| Chief Executive Officer & President | ||||||||
| Charles Bracken | 1,292,490 | 0 | 7,345,402 | 0 | 4,000,000 | 0 | 213,332 | 12,851,224 |
| EVP & Chief Financial Officer | ||||||||
| Enrique Rodriguez | 1,197,000 | 0 | 11,213,478 | 0 | 0 | 297,053 | 81,558 | 12,789,089 |
| EVP & Chief Technology Officer | ||||||||
| Andrea Salvato | 1,064,559 | 0 | 6,951,724 | 0 | 3,500,000 | 0 | 139,445 | 11,655,728 |
| EVP & Chief Development Officer | ||||||||
| Bryan Hall | 1,251,000 | 0 | 5,056,004 | 0 | 2,750,000 | 292,577 | 47,956 | 9,397,537 |
| EVP, General Counsel and Secretary | ||||||||
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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Michael Fries | $37,717,946 | $45,693,754 | — | −7,975,808 |
| Charles Bracken | 12,851,224 | — | — | — |
| Enrique Rodriguez | 12,789,089 | — | 9,776,263 | — |
| Andrea Salvato | 11,655,728 | — | 11,018,554 | — |
| Bryan Hall | 9,397,537 | 9,996,249 | 9,336,747 | −598,712 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Liberty Global Class | — | 2025-03-21 | — | — | 184,782 | — | $369,564 |
| Liberty Global Class | — | 2025-03-21 | — | — | 2,445 | — | 29,853 |
| Liberty Global Class | — | 2025-03-21 | — | — | 125,652 | — | 251,304 |
| Liberty Global Class | — | 2025-03-21 | — | — | 35,900 | — | 436,185 |
| Liberty Global Class | — | 2025-03-21 | — | — | 2,445 | — | 28,509 |
| Liberty Global Class | — | 2025-03-21 | — | — | 15,056 | — | 173,295 |
| Liberty Global Class | — | 2025-03-21 | — | — | 52,794 | — | 641,447 |
| Liberty Global Class | — | 2025-03-21 | — | — | 35,900 | — | 418,953 |
| Liberty Global Class | — | 2025-03-21 | — | — | 4,225 | — | 51,587 |
| Liberty Global Class | — | 2025-03-21 | — | — | 925,772 | — | 1,851,544 |
| Liberty Global Class | — | 2025-03-21 | — | — | 264,506 | — | 3,213,748 |
| Liberty Global Class | — | 2025-03-21 | — | — | 77,159 | — | 928,223 |
| Liberty Global Class | — | 2025-03-21 | — | — | 15,056 | — | 181,124 |
| Liberty Global Class | — | 2025-03-21 | — | — | 77,159 | — | 888,100 |
| Liberty Global Class | — | 2025-03-21 | — | — | — | — | 8,043,750 |
| Liberty Global Class | — | 2025-03-21 | — | — | — | — | 2,475,000 |
| Liberty Global Class | — | 2025-03-21 | — | — | — | — | 1,701,563 |
| Liberty Global Class | — | 2025-03-21 | — | — | 52,794 | — | 616,106 |
| Liberty Global Class | — | 2025-03-21 | — | — | 4,225 | — | 49,264 |
| Liberty Global Class | — | 2025-03-21 | — | — | 22,583 | — | 259,930 |
| Liberty Global Class | — | 2025-03-21 | — | — | 22,583 | — | 271,673 |
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Andrea Salvato | RSU | 354,782 | — | $3,952,271 |
| Charles Bracken | RSU | 2,445 | — | 27,237 |
| Michael Fries | RSU | 264,506 | — | 2,920,146 |
| Andrea Salvato | RSU | 178,336 | — | 1,968,829 |
| Michael Fries | RSU | 1,851,544 | — | 20,441,046 |
| Enrique Rodriguez | RSU | 30,200 | — | 333,408 |
| Bryan Hall | RSU | 251,304 | — | 2,799,527 |
| Enrique Rodriguez | RSU | 187,530 | — | 2,089,084 |
| Enrique Rodriguez | RSU | 185,766 | — | 2,050,857 |
| Enrique Rodriguez | RSU | 52,794 | — | 588,125 |
| Andrea Salvato | RSU | 50,683 | — | 564,609 |
| Bryan Hall | RSU | 35,900 | — | 399,926 |
| Andrea Salvato | RSU | 34,646 | — | 385,956 |
| Bryan Hall | RSU | 24,541 | — | 273,387 |
| Enrique Rodriguez | Option | 219,750 | 10.2 | — |
| Andrea Salvato | RSU | 2,466 | — | 27,471 |
| Charles Bracken | Option | 219,750 | 10.2 | — |
| Charles Bracken | RSU | 369,564 | — | 4,116,943 |
| Enrique Rodriguez | RSU | 21,314 | — | 237,438 |
| Michael Fries | RSU | 185,522 | — | 2,048,163 |
| Andrea Salvato | RSU | 180,030 | — | 2,005,534 |
| Bryan Hall | RSU | 127,520 | — | 1,420,573 |
| Bryan Hall | RSU | 126,320 | — | 1,394,573 |
| Andrea Salvato | RSU | 34,190 | — | 377,458 |
| Bryan Hall | RSU | 24,218 | — | 267,367 |
| Charles Bracken | RSU | 17,808 | — | 198,381 |
| Andrea Salvato | RSU | 17,095 | — | 190,438 |
| Bryan Hall | RSU | 12,110 | — | 134,905 |
| Michael Fries | Option | 860,343 | 11.3 | — |
| Charles Bracken | Option | 83,243 | 10.7 | — |
| Andrea Salvato | Option | 79,912 | 10.7 | — |
| Charles Bracken | RSU | 187,530 | — | 2,089,084 |
| Charles Bracken | RSU | 36,090 | — | 402,043 |
| Enrique Rodriguez | RSU | 369,564 | — | 4,116,943 |
| Bryan Hall | Option | 149,429 | 10.2 | — |
| Bryan Hall | RSU | 4,225 | — | 47,067 |
| Charles Bracken | RSU | 35,614 | — | 393,179 |
| Enrique Rodriguez | RSU | 15,100 | — | 168,214 |
| Bryan Hall | Option | 150,848 | 9.66 | — |
| Andrea Salvato | Option | 210,960 | 10.2 | — |
| Charles Bracken | Option | 164,920 | 11.3 | — |
| Bryan Hall | Option | 56,607 | 10.7 | — |
| Bryan Hall | Option | 112,146 | 11.3 | — |
| Enrique Rodriguez | Option | 139,853 | 11.3 | — |
| Enrique Rodriguez | Option | 70,590 | 10.7 | — |
| Andrea Salvato | Option | 158,320 | 11.3 | — |
| Charles Bracken | RSU | 52,794 | — | 588,125 |
| Enrique Rodriguez | RSU | 36,090 | — | 402,043 |
| Enrique Rodriguez | Option | 221,837 | 9.66 | — |
| Charles Bracken | RSU | 185,766 | — | 2,050,857 |
| Michael Fries | RSU | 248,784 | — | 2,746,575 |
| Andrea Salvato | Option | 212,964 | 9.66 | — |
| Michael Fries | RSU | 1,280,590 | — | 14,137,714 |
| Charles Bracken | Option | 221,837 | 9.66 | — |
| Michael Fries | Option | 1,522,079 | 10.2 | — |
The compensation committee has three primary objectives with respect to executive compensation--motivation, retention and value creation for our shareholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | The Croner Company |
| Clawback policy | True |
| Anti-hedging | False |
| Anti-pledging | False |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-23 | 212,405,221 | 33,998,202 | 7,603,821 | 86.2% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-23 | 86.2%a |
a. Approved under the standard stated in the filing — “Abstentions will also have no effect on the outcome of the auditor appointment proposal and the say-on-pay proposal because each of these proposals is decided by a majority of the votes cast.”.
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.
| Ratio (CEO : median employee) | 383 : 1 |
|---|---|
| CEO total compensation | $37,717,946 |
| Median employee compensation | $98,575 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John C. MaloneNot independent · Not standing for re-election · Departed during FY | $0 | $0 | $2,299,697 | — | $750,599 | $3,050,296 |
| Paul A. GouldIndependent · Lead Independent Director · Audit (Chair) · Compensation | 205,000 | 114,998 | 115,000 | — | 629 | 469,657 |
| Larry E. RomrellIndependent · Nominating/Governance · Compensation | 180,000 | 0 | 229,972 | — | 3,970 | 413,942 |
| Richard R. GreenIndependent · Compensation (Chair) | 123,660 | 114,998 | 115,000 | — | 41,939 | 400,758 |
| Miranda Curtis CMGIndependent · Nominating/Governance (Chair) · Audit | 165,000 | 0 | 229,972 | — | 597 | 395,569 |
| J David WargoIndependent · Treasury | 150,000 | 114,998 | 115,000 | — | 629 | 395,099 |
| Marisa D. DrewIndependent · Audit | 150,000 | 114,998 | 115,000 | — | 628 | 389,937 |
| Anthony G. WernerIndependent · People Planet Progress | 74,988 | 114,998 | 115,000 | — | 75,992 | 380,978 |
| Andrew J. ColeIndependent · Audit · Compensation | 150,000 | 114,998 | 115,000 | — | 604 | 380,617 |
| Daniel E. SanchezIndependent · Nominating/Governance | 150,000 | 114,998 | 115,000 | — | 579 | 380,577 |
| Michael T. FriesEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $150,000 |
|---|---|
| Annual equity retainer | $229,998 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 55,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,348,648 |
| Equity awards (grant-date value) | $804,986 |
| All other compensation | $876,166 |
| Total cost of the board | $3,029,800 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 Global | 2025 | Michael Fries | $3,000,000 | $18,042,057 | $0 | $13,000,000 | $37,717,946 |
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Michael Fries | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Summary Compensation Table” · page 44. As printed: 37,717,946. Filing ↗machine: t136 · r2 · c35 · span 584468–584478 |
| 2 | Section 01, Charles Bracken | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Summary Compensation Table” · page 44. As printed: 12,851,224. Filing ↗machine: t136 · r7 · c35 · span 592110–592120 |
| 3 | Section 01, Enrique Rodriguez | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Summary Compensation Table” · page 44. As printed: 12,789,089. Filing ↗machine: t136 · r17 · c35 · span 607027–607037 |
| 4 | Section 01, Andrea Salvato | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Summary Compensation Table” · page 44. As printed: 11,655,728. Filing ↗machine: t136 · r22 · c35 · span 614623–614633 |
| 5 | Section 01, Bryan Hall | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Summary Compensation Table” · page 44. As printed: 9,397,537. Filing ↗machine: t136 · r12 · c35 · span 599594–599603 |
| 6 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r28 · c31 · span 692661–692668 |
| 7 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r36 · c39 · span 705214–705219 |
| 8 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r52 · c31 · span 729394–729401 |
| 9 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r64 · c39 · span 748147–748153 |
| 10 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r36 · c39 · span 705214–705219 |
| 11 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r56 · c39 · span 735743–735749 |
| 12 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r40 · c39 · span 711249–711255 |
| 13 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r64 · c39 · span 748147–748153 |
| 14 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r60 · c39 · span 741947–741952 |
| 15 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r12 · c35 · span 668272–668281 |
| 16 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r18 · c43 · span 677629–677638 |
| 17 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r14 · c39 · span 671309–671315 |
| 18 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r56 · c39 · span 735743–735749 |
| 19 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r14 · c39 · span 671309–671315 |
| 20 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r6 · c35 · span 658810–658819 |
| 21 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r22 · c35 · span 683482–683491 |
| 22 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r46 · c35 · span 720380–720389 |
| 23 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r40 · c39 · span 711249–711255 |
| 24 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r60 · c39 · span 741947–741952 |
| 25 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r32 · c39 · span 699175–699181 |
| 26 | Section 03, Liberty Global Class | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r32 · c39 · span 699175–699181 |
| 27 | Section 07, pay ratio | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “CEO Pay Ratio”. As printed: 383 : 1. Filing ↗machine: span 1438487–1438492 |
| 28 | Section 08, John C. Malone | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 3,050,296. Filing ↗machine: t205 · r2 · c31 · span 1549391–1549400 |
| 29 | Section 08, Paul A. Gould | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 469,657. Filing ↗machine: t205 · r14 · c31 · span 1572578–1572585 |
| 30 | Section 08, Larry E. Romrell | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 413,942. Filing ↗machine: t205 · r20 · c31 · span 1583996–1584003 |
| 31 | Section 08, Richard R. Green | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 400,758. Filing ↗machine: t205 · r17 · c31 · span 1578291–1578298 |
| 32 | Section 08, Miranda Curtis CMG | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 395,569. Filing ↗machine: t205 · r8 · c31 · span 1561026–1561033 |
| 33 | Section 08, J David Wargo | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 395,099. Filing ↗machine: t205 · r26 · c31 · span 1595579–1595586 |
| 34 | Section 08, Marisa D. Drew | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 389,937. Filing ↗machine: t205 · r11 · c31 · span 1566834–1566841 |
| 35 | Section 08, Anthony G. Werner | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 380,978. Filing ↗machine: r29 · c31 · span 1601337–1601344 |
| 36 | Section 08, Andrew J. Cole | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 380,617. Filing ↗machine: t205 · r5 · c31 · span 1555243–1555250 |
| 37 | Section 08, Daniel E. Sanchez | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 380,577. Filing ↗machine: t205 · r23 · c31 · span 1589852–1589859 |
| 38 | Section 08, Michael T. Fries | DEF 14A | 2026-04-29 | 0001193125-26-191485 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 39 | Section 06, 2026 vote | Form 8-K | 2026-06-25 | 0001570585-26-000094 | Item 5.07 · say-on-pay result. As reported: 86.2% (votes for as printed: 212,405,221). Filing ↗ |
| 40 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 41 | Section 09b board cost (computed) | Computed | — | computed | Cash 1,348,648 + equity 804,986 + all other 876,166 = 3,029,800, summed across the director compensation table rows.machine: formula: Σ = 3,029,800 |
| 42 | Liberty Global (subject), Section 10b CEO total | DEF 14A | 2026-04-29 | 0001193125-26-191485 | CEO total compensation as printed in Liberty Global's own proxy. As printed: 37,717,946. Filing ↗machine: t136 · r2 · c35 · span 584468–584478 |