Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-25

Liberty Global (LBTYA)

CEO Michael Fries was paid $37,717,946 in fiscal year 2025, ↓ down 17.5% from fiscal year 2024 (SEC filing 0001193125-26-191485 ↗): 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.

$37,717,946 ↓
Michael Fries total, FY2025
—
CEO pay percentile vs peers
383:1
CEO-to-median pay ratio
86.2%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Michael Fries (Chief Executive Officer & President), FY2025 total compensation $37,717,946 (base salary $3,000,000) [exec_comp, SEC accession 0001193125-26-191485, filed 2026-04-29]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

LBTYA's next annual pay disclosure, estimated May 19, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
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 Bracken1,292,49007,345,40204,000,0000213,33212,851,224
EVP & Chief Financial Officer
Enrique Rodriguez1,197,000011,213,47800297,05381,55812,789,089
EVP & Chief Technology Officer
Andrea Salvato1,064,55906,951,72403,500,0000139,44511,655,728
EVP & Chief Development Officer
Bryan Hall1,251,00005,056,00402,750,000292,57747,9569,397,537
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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Michael Fries$37,717,946$45,693,754—↓ −7,975,808
Charles Bracken12,851,22413,287,504—↓ −436,280
Enrique Rodriguez12,789,08913,088,3239,776,263↓ −299,234
Andrea Salvato11,655,72812,064,78911,018,554↓ −409,061
Bryan Hall9,397,5379,996,2499,336,747↓ −598,712

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 LBTYA
6 companies name LBTYA as a compensation peer

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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
Andrew J. ColeIndependent Director$380,617
Anthony G. WernerIndependent Director$380,978
Daniel E. SanchezIndependent Director$380,577
J David WargoIndependent Director$395,099
John C. MaloneFormer director (through FY2025)$3,050,296
Larry E. RomrellIndependent Director$413,942
Liberty Global Class AIndependent Director—
Marisa D. DrewIndependent Director$389,937
Miranda Curtis CMGIndependent Director$395,569
Paul A. GouldIndependent Director$469,657
Richard R. GreenIndependent Director$400,758
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
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——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——184,782—369,564
Liberty Global Class—2025-03-21——35,900—436,185
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
03b

Vehicle mix — grant-date fair value by award type

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Bryan HallRSU24,541—$273,387
Enrique RodriguezRSU52,794—588,125
Charles BrackenRSU52,794—588,125
Bryan HallRSU251,304—2,799,527
Andrea SalvatoRSU34,646—385,956
Enrique RodriguezRSU187,530—2,089,084
Charles BrackenOption219,75010.2—
Charles BrackenRSU36,090—402,043
Michael FriesRSU1,851,544—20,441,046
Michael FriesRSU1,280,590—14,137,714
Charles BrackenRSU369,564—4,116,943
Enrique RodriguezRSU369,564—4,116,943
Michael FriesOption1,522,07910.2—
Andrea SalvatoRSU354,782—3,952,271
Michael FriesRSU264,506—2,920,146
Michael FriesRSU248,784—2,746,575
Charles BrackenRSU187,530—2,089,084
Charles BrackenRSU185,766—2,050,857
Enrique RodriguezRSU185,766—2,050,857
Bryan HallOption150,8489.66—
Michael FriesRSU185,522—2,048,163
Andrea SalvatoRSU180,030—2,005,534
Andrea SalvatoRSU178,336—1,968,829
Enrique RodriguezOption70,59010.7—
Bryan HallRSU127,520—1,420,573
Bryan HallRSU126,320—1,394,573
Andrea SalvatoRSU50,683—564,609
Enrique RodriguezRSU36,090—402,043
Bryan HallRSU35,900—399,926
Charles BrackenRSU35,614—393,179
Andrea SalvatoRSU34,190—377,458
Enrique RodriguezRSU30,200—333,408
Bryan HallRSU24,218—267,367
Enrique RodriguezRSU21,314—237,438
Charles BrackenRSU17,808—198,381
Andrea SalvatoRSU17,095—190,438
Enrique RodriguezRSU15,100—168,214
Bryan HallRSU12,110—134,905
Bryan HallRSU4,225—47,067
Andrea SalvatoRSU2,466—27,471
Charles BrackenRSU2,445—27,237
Michael FriesOption860,34311.3—
Charles BrackenOption83,24310.7—
Charles BrackenOption221,8379.66—
Charles BrackenOption164,92011.3—
Bryan HallOption56,60710.7—
Bryan HallOption112,14611.3—
Bryan HallOption149,42910.2—
Enrique RodriguezOption221,8379.66—
Enrique RodriguezOption139,85311.3—
Enrique RodriguezOption219,75010.2—
Andrea SalvatoOption79,91210.7—
Andrea SalvatoOption212,9649.66—
Andrea SalvatoOption158,32011.3—
Andrea SalvatoOption210,96010.2—
05

Incentive-plan design — the Compensation Discussion & Analysis

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 consultantThe Croner Company
Clawback policytrue
Anti-hedgingFalse
Anti-pledgingFalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-23212,405,22133,998,2027,603,82186.2%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.

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

Meeting yearMeeting dateApproval — company's computation
20262026-06-2386.2%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.

07

CEO pay ratio

Ratio (CEO : median employee)383 : 1
CEO total compensation$37,717,946
Median employee compensation$98,575
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John C. MaloneNot independent · Departed during FY$0$0$0—$750,599$3,050,296
Paul A. GouldIndependent · Audit (Chair) · Compensation · Nominating Corporate Governance205,00034,030624—-7469,657
Larry E. RomrellIndependent · Compensation (Chair) · Nominating Corporate Governance180,00003,970—3,970413,942
Richard R. GreenIndependent · Compensation · Nominating Corporate Governance (Chair)41,3405,161594—41,939400,758
Miranda Curtis CMGIndependent · Audit · Nominating Corporate Governance165,0000229,972—597395,569
J David WargoIndependent · Audit150,00014,472624—629395,099
Marisa D. DrewIndependent · People Planet Progress · Treasury150,0009,311-9—-7389,937
Anthony G. WernerIndependent · Audit75,0120975—75,992380,978
Andrew J. ColeIndependent · Compensation · Nominating Corporate Governance150,000114,998115,000—604380,617
Daniel E. SanchezIndependent · People Planet Progress150,0000574—579380,577
Michael T. FriesEmployee director · Board Chair · Treasury—————0
Liberty Global Class AIndependent000———
09

Board fee structure and ownership guideline

Annual cash retainer$150,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,266,352
Equity awards (grant-date value)$177,972
All other compensation$874,895
Total cost of the board$2,319,219

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

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Limit Risk-Taking
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 Global2025Michael 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.

10d

Frequently asked questions

Who was the highest-paid executive at Liberty Global in fiscal 2025?
As disclosed, Michael Fries (Chief Executive Officer & President) was the highest-paid executive at Liberty Global in fiscal 2025, with total compensation of $37,717,946.
What is Liberty Global's CEO-to-median employee pay ratio?
As disclosed, Liberty Global's CEO-to-median employee pay ratio was 383:1.
How did shareholders vote on Liberty Global's executive compensation?
As disclosed, 86.2% of shareholders supported Liberty Global's executive compensation in the latest say-on-pay vote.
How much does Liberty Global spend in total on board compensation for fiscal 2025?
As disclosed, Liberty Global reported total board compensation of $2,319,219 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'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, Michael FriesDEF 14A2026-04-290001193125-26-191485Section “Summary Compensation Table” · page 44. As printed: 37,717,946. Filing ↗machine: t136 · r2 · c35 · span 584468–584478
2Section 01, Charles BrackenDEF 14A2026-04-290001193125-26-191485Section “Summary Compensation Table” · page 44. As printed: 12,851,224. Filing ↗machine: t136 · r7 · c35 · span 592110–592120
3Section 01, Enrique RodriguezDEF 14A2026-04-290001193125-26-191485Section “Summary Compensation Table” · page 44. As printed: 12,789,089. Filing ↗machine: t136 · r17 · c35 · span 607027–607037
4Section 01, Andrea SalvatoDEF 14A2026-04-290001193125-26-191485Section “Summary Compensation Table” · page 44. As printed: 11,655,728. Filing ↗machine: t136 · r22 · c35 · span 614623–614633
5Section 01, Bryan HallDEF 14A2026-04-290001193125-26-191485Section “Summary Compensation Table” · page 44. As printed: 9,397,537. Filing ↗machine: t136 · r12 · c35 · span 599594–599603
6Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r36 · c39 · span 705214–705219
7Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r52 · c31 · span 729394–729401
8Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r36 · c39 · span 705214–705219
9Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r56 · c39 · span 735743–735749
10Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r40 · c39 · span 711249–711255
11Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r64 · c39 · span 748147–748153
12Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r60 · c39 · span 741947–741952
13Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r28 · c31 · span 692661–692668
14Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r64 · c39 · span 748147–748153
15Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r12 · c35 · span 668272–668281
16Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r18 · c43 · span 677629–677638
17Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r14 · c39 · span 671309–671315
18Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r56 · c39 · span 735743–735749
19Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r14 · c39 · span 671309–671315
20Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r6 · c35 · span 658810–658819
21Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r22 · c35 · span 683482–683491
22Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r46 · c35 · span 720380–720389
23Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r40 · c39 · span 711249–711255
24Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r60 · c39 · span 741947–741952
25Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r32 · c39 · span 699175–699181
26Section 03, Liberty Global Class DEF 14A2026-04-290001193125-26-191485Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r32 · c39 · span 699175–699181
27Section 07, pay ratioDEF 14A2026-04-290001193125-26-191485Section “CEO Pay Ratio”. As printed: 383 : 1. Filing ↗machine: span 1438487–1438490
28Section 08, John C. MaloneDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 3,050,296. Filing ↗
29Section 08, Paul A. GouldDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 469,657. Filing ↗machine: span 1572578–1572585
30Section 08, Larry E. RomrellDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 413,942. Filing ↗machine: span 1583996–1584003
31Section 08, Richard R. GreenDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 400,758. Filing ↗machine: span 1578291–1578298
32Section 08, Miranda Curtis CMGDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 395,569. Filing ↗
33Section 08, J David WargoDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 395,099. Filing ↗machine: span 1595579–1595586
34Section 08, Marisa D. DrewDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 389,937. Filing ↗
35Section 08, Anthony G. WernerDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 380,978. Filing ↗machine: span 1601337–1601344
36Section 08, Andrew J. ColeDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 380,617. Filing ↗
37Section 08, Daniel E. SanchezDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 380,577. Filing ↗machine: span 1589852–1589859
38Section 08, Michael T. FriesDEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: 0. Filing ↗
39Section 08, Liberty Global Class ADEF 14A2026-04-290001193125-26-191485Section “Director Compensation”. As printed: —. Filing ↗
40Section 06, 2026 voteForm 8-K2026-06-250001570585-26-000094Item 5.07 · say-on-pay result. As reported: 86.2% (votes for as printed: 212,405,221). Filing ↗
41Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
42Section 09b board cost (computed)Computed——Cash 1,266,352 + equity 177,972 + all other 874,895 = 2,319,219, summed across the director compensation table rows.machine: formula: Σ = 2,319,219
43Liberty Global (subject), Section 10b CEO totalDEF 14A2026-04-290001193125-26-191485CEO total compensation as printed in Liberty Global's own proxy. As printed: 37,717,946. Filing ↗machine: t136 · r2 · c35 · span 584468–584478

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