Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

Liberty Latin America (LILAK)

CEO Balan Nair was paid $16,885,852 in fiscal year 2025, ↑ up 231.4% from fiscal year 2024, the 67th percentile of its disclosed peer group (SEC filing 0001712184-26-000065 ↗): 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.

$16,885,852 ↑
Balan Nair total, FY2025
67th
CEO pay percentile vs peers
322:1
CEO-to-median pay ratio
92.97%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Balan Nair (Chief Executive Officer & President), FY2025 total compensation $16,885,852 (base salary $1,500,000) [exec_comp, SEC accession 0001712184-26-000065, 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.

LILAK'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
Balan Nair$1,500,000$0$5,888,225$5,327,633$3,757,250$44,205$368,539$16,885,852
Chief Executive Officer & President
Christopher Noyes726,469608,3441,496,2011,718,592791,000034,6765,375,282
Senior Vice President & Chief Financial Officer
John Winter629,583533,3331,196,9581,374,8721,028,30015,21324,3914,802,650
Senior Vice President, Chief Legal Officer & Secretary
Aamir Hussain669,23501,346,5801,546,730791,0000116,3964,469,941
Senior Vice President & Chief Technology and Product 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
Balan Nair$16,885,852$5,095,795$16,161,952↑ +11,790,057
Christopher Noyes5,375,2824,196,2044,331,487↑ +1,179,078
John Winter4,802,650—3,741,255—
Aamir Hussain4,469,9414,309,8804,065,878↑ +160,061

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 LILAK
No companies currently name LILAK as a compensation peer in their most recent disclosure.

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

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
Aamir HussainSVP$4,469,941
Balan NairCEO$16,885,852
John WinterGeneral Counsel$4,802,650
Christopher NoyesCFO$5,375,282
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
Alfonso de Angoitia NoriegaIndependent Director$262,252
Brendan PaddickIndependent Director$259,615
Charles H.R. BrackenIndependent Director$249,615
Daniel E. SanchezIndependent Director$249,615
Eric L. ZinterhoferIndependent Director$259,615
Michael T. FriesIndependent Director$473,797
Miranda CurtisIndependent Director$279,615
Paul A. GouldIndependent Director$288,958
Roberta S. JacobsonIndependent Director$249,615
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
Christopher NoyesPSU2025-03-14—————
Christopher NoyesOPTION2025-03-14——275,482—1,142,902
John WinterOPTION2025-03-14——220,385—914,319
Aamir HussainPSU2025-03-14—————
Aamir HussainOPTION2025-03-14——123,967—518,122
Balan NairPSU2024-03-12—156,250——1,250,000
John WinterRSU2025-03-14——119,636—796,776
John WinterPSU2025-03-14—————
Christopher NoyesRSU2025-03-14——74,773—500,231
Balan NairPSU2025-03-14—————
Balan NairRSU2025-03-14——463,591—3,087,516
Balan NairRSU2025-03-14——231,795—1,550,709
Christopher NoyesRSU2025-03-14——149,545—995,970
Christopher NoyesOPTION2025-03-14——137,741—575,690
Aamir HussainOPTION2025-03-14——247,933—1,028,608
Aamir HussainRSU2025-03-14——134,591—896,376
Aamir HussainRSU2025-03-14——67,295—450,204
John WinterRSU2025-03-14——59,818—400,182
Balan NairOPTION2025-03-14——426,997—1,784,639
Balan NairOPTION2025-03-14——853,994—3,542,994
John WinterOPTION2025-03-14——110,193—460,553
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher Noyes$1,496,201$0$1,718,5920.0%
John Winter1,196,95801,374,8720.0%
Aamir Hussain1,346,58001,546,7300.0%
Balan Nair4,638,2251,250,0005,327,63311.1%

% 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
Balan NairRSU463,591—$4,065,693
Balan NairRSU231,795—2,017,775
Balan NairRSU314,960—2,762,199
Balan NairRSU156,250—1,612,500
Balan NairRSU157,480—1,370,863
Christopher NoyesRSU149,545—1,311,510
Aamir HussainRSU134,591—1,180,363
Balan NairRSU120,232—1,054,435
John WinterRSU119,636—1,049,208
Christopher NoyesRSU104,986—920,727
John WinterRSU83,988—736,575
Aamir HussainRSU94,488—828,660
Christopher NoyesRSU74,773—650,899
Aamir HussainRSU67,295—585,803
Balan NairRSU60,116—523,310
John WinterRSU59,818—520,716
Christopher NoyesRSU52,492—456,943
Aamir HussainRSU47,244—411,259
John WinterRSU41,994—365,558
Christopher NoyesRSU41,459—363,595
Aamir HussainRSU37,313—327,235
John WinterRSU33,167—290,875
Christopher NoyesRSU20,729—180,446
Aamir HussainRSU18,656—162,400
John WinterRSU16,583—144,355
Balan NairOption116,1587.81—
Balan NairOption298,0626.16—
Balan NairOption426,9976.69—
Balan NairOption232,3167.78—
Balan NairOption596,1246.22—
Balan NairOption853,9946.66—
Christopher NoyesOption40,0547.81—
Christopher NoyesOption99,3546.16—
Christopher NoyesOption137,7416.69—
Christopher NoyesOption80,1087.78—
Christopher NoyesOption198,7086.22—
Christopher NoyesOption275,4826.66—
Aamir HussainOption36,0497.81—
Aamir HussainOption89,4186.16—
Aamir HussainOption123,9676.69—
Aamir HussainOption72,0987.78—
Aamir HussainOption178,8366.22—
Aamir HussainOption247,9336.66—
John WinterOption32,0437.81—
John WinterOption79,4826.16—
John WinterOption110,1936.69—
John WinterOption158,9666.22—
John WinterOption64,0877.78—
John WinterOption220,3856.66—
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-2141,872,4133,167,29032,41692.97%Passed
20212021-05-1236,644,74620,066,287581,48563.96%Passed
20182018-05-1753,874,044377,190241,60399.3%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
20242024-05-2192.97%a
20212021-05-1263.96%b
20182018-05-1799.3%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions will have no effect on the election of each director nominee but will have the same effect as a vote " AGAINST " each of the auditors appointment proposal, the say-on-pay proposal and the incentive plan proposal because each of these proposals require an affirmative vote from a majority of the combined voting power of the issued and outstanding common shares that are present in person via the live audio-only webcast or by proxy at the AGM, and entitled to vote on the subject matter, voting together as a single class, and an abstention is not counted as an affirmative vote.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)322 : 1
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael T. FriesIndependent · Executive Committee$0$0$0—$473,797$473,797
Paul A. GouldIndependent · Audit (Chair) · Compensation · Nominating Corporate Governance130,00050—9,343288,958
Miranda CurtisIndependent · Audit · Compensation (Chair) · Nominating Corporate Governance130,00000—0279,615
Alfonso de Angoitia NoriegaIndependent · Audit · Nominating Corporate Governance110,00040—2,637262,252
Brendan PaddickIndependent · Audit · Compensation · Nominating Corporate Governance110,00060—0259,615
Eric L. ZinterhoferIndependent110,00000—0259,615
Roberta S. JacobsonIndependent · Nominating Corporate Governance100,00000—0249,615
Charles H.R. BrackenIndependent · Audit · Nominating Corporate Governance100,00000—0249,615
Daniel E. SanchezIndependent · Compensation · Nominating Corporate Governance (Chair)100,00000—0249,615
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 15,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$890,000
Equity awards (grant-date value)$15
All other compensation$485,777
Total cost of the board$1,375,792

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.

WBD Warner Bros. Discovery, Inc. DISH Network CorporationATUS Altice USA, Inc.IDT IDT CorporationCABO Cable One, Inc.CNSL Consolidated Communications Holdings, Inc.WOW WideOpenWest, Inc.
10a

Peer reciprocity

Of the companies Liberty Latin America names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

— Warner Bros. Discovery, Inc. (WBD)46 Altice USA, Inc. (ATUS) IDT Corporation (IDT)— Cable One, Inc. (CABO)47 Consolidated Communications Holdings, Inc. (CNSL) WideOpenWest, Inc. (WOW)

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Liberty Latin America.

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
1Warner Bros. Discovery, Inc.2025David Zaslav$3,000,000$22,597,744$109,593,181$25,726,018$165,009,366
2Liberty Latin America2025Balan Nair1,500,0005,888,2255,327,6333,757,25016,885,852
3Cable One, Inc.2025Julia Laulis945,0008,566,8810526,93210,159,056
4IDT Corporation2025Shmuel Jonas495,0000300,00301,479,253
—Altice USA, Inc.——————not in coverage universe
—Consolidated Communications Holdings, Inc.——————not in coverage universe
—WideOpenWest, Inc.——————not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Liberty Latin Americanot disclosednot disclosednot disclosednot disclosed
Altice USA, Inc.not disclosednot disclosednot disclosednot disclosed
Cable One, Inc.not disclosedPSU 60 · RSU 40not disclosedPearl Meyer & Partners, LLC
Consolidated Communications Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
IDT CorporationBonuses ranged from 16.9% to 138% of base salary. Management recommended bonuses approximately 12.65% higher than Fiscal 2024.%not disclosednot disclosednot disclosed
Warner Bros. Discovery, Inc.116.9%PSU 100NoPay Governance
WideOpenWest, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Liberty Latin America in fiscal 2025?
As disclosed, Balan Nair (Chief Executive Officer & President) was the highest-paid executive at Liberty Latin America in fiscal 2025, with total compensation of $16,885,852.
How does Liberty Latin America's chief executive pay compare to its disclosed peer group?
As disclosed, Balan Nair's total compensation ranked at the 67th percentile of Liberty Latin America's disclosed peer group.
What is Liberty Latin America's CEO-to-median employee pay ratio?
As disclosed, Liberty Latin America's CEO-to-median employee pay ratio was 322:1.
How did shareholders vote on Liberty Latin America's executive compensation?
As disclosed, 92.97% of shareholders supported Liberty Latin America's executive compensation in the latest say-on-pay vote.
How much does Liberty Latin America spend in total on board compensation for fiscal 2025?
As disclosed, Liberty Latin America reported total board compensation of $1,375,792 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, Balan NairDEF 14A2026-04-290001712184-26-000065Section “2025 Summary Compensation” · page 50. As printed: 16,885,852. Filing ↗machine: r3 · c54 · span 684546–684556
2Section 01, Christopher NoyesDEF 14A2026-04-290001712184-26-000065Section “2025 Summary Compensation” · page 50. As printed: 5,375,282. Filing ↗machine: span 697092–697101
3Section 01, John WinterDEF 14A2026-04-290001712184-26-000065Section “2025 Summary Compensation” · page 50. As printed: 4,802,650. Filing ↗machine: span 720445–720454
4Section 01, Aamir HussainDEF 14A2026-04-290001712184-26-000065Section “2025 Summary Compensation” · page 50. As printed: 4,469,941. Filing ↗machine: span 708272–708281
5Section 03, Christopher Noyes PSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
6Section 03, Christopher Noyes OPTIONDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 823194–823203
7Section 03, John Winter OPTIONDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 868877–868884
8Section 03, Aamir Hussain PSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, Aamir Hussain OPTIONDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 839052–839059
10Section 03, Balan Nair PSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 793359–793368
11Section 03, John Winter RSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 865123–865130
12Section 03, John Winter PSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
13Section 03, Christopher Noyes RSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Balan Nair PSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
15Section 03, Balan Nair RSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 798168–798177
16Section 03, Balan Nair RSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 783780–783789
17Section 03, Christopher Noyes RSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 819440–819447
18Section 03, Christopher Noyes OPTIONDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 815508–815515
19Section 03, Aamir Hussain OPTIONDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 848489–848498
20Section 03, Aamir Hussain RSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 843860–843867
21Section 03, Aamir Hussain RSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
22Section 03, John Winter RSUDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
23Section 03, Balan Nair OPTIONDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 788411–788420
24Section 03, Balan Nair OPTIONDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 802799–802808
25Section 03, John Winter OPTIONDEF 14A2026-04-290001712184-26-000065Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 861190–861197
26Section 07, pay ratioDEF 14A2026-04-290001712184-26-000065Section “CEO Pay Ratio”. As printed: 322 : 1. Filing ↗machine: span 1439850–1439853
27Section 08, Michael T. FriesDEF 14A2026-04-290001712184-26-000065Section “Director Compensation”. As printed: 473,797. Filing ↗machine: span 1527067–1527335
28Section 08, Paul A. GouldDEF 14A2026-04-290001712184-26-000065Section “Director Compensation”. As printed: 288,958. Filing ↗machine: span 1548055–1548257
29Section 08, Miranda CurtisDEF 14A2026-04-290001712184-26-000065Section “Director Compensation”. As printed: 279,615. Filing ↗machine: span 1543799–1544091
30Section 08, Alfonso de Angoitia NoriegaDEF 14A2026-04-290001712184-26-000065Section “Director Compensation”. As printed: 262,252. Filing ↗machine: span 1530594–1530821
31Section 08, Brendan PaddickDEF 14A2026-04-290001712184-26-000065Section “Director Compensation”. As printed: 259,615. Filing ↗machine: span 1559409–1559611
32Section 08, Eric L. ZinterhoferDEF 14A2026-04-290001712184-26-000065Section “Director Compensation”. As printed: 259,615. Filing ↗machine: span 1572302–1572544
33Section 08, Roberta S. JacobsonDEF 14A2026-04-290001712184-26-000065Section “Director Compensation”. As printed: 249,615. Filing ↗machine: span 1555157–1555449
34Section 08, Charles H.R. BrackenDEF 14A2026-04-290001712184-26-000065Section “Director Compensation”. As printed: 249,615. Filing ↗machine: span 1538386–1538628
35Section 08, Daniel E. SanchezDEF 14A2026-04-290001712184-26-000065Section “Director Compensation”. As printed: 249,615. Filing ↗machine: span 1566514–1566806
36Section 06, 2024 voteForm 8-K2024-05-230001712184-24-000163Item 5.07 · say-on-pay result. As reported: 92.97% (votes for as printed: 41,872,413). Filing ↗
37Section 06, 2021 voteForm 8-K2021-05-140001712184-21-000133Item 5.07 · say-on-pay result. As reported: 63.96% (votes for as printed: 36,644,746). Filing ↗
38Section 06, 2018 voteForm 8-K2018-05-170001712184-18-000174Item 5.07 · say-on-pay result. As reported: 99.3% (votes for as printed: 53,874,044 (98.86%)). Filing ↗
39Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
40Section 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).machine: formula: sums + PSU ratio
41Section 09b board cost (computed)Computed——Cash 890,000 + equity 15 + all other 485,777 = 1,375,792, summed across the director compensation table rows.machine: formula: Σ = 1,375,792
42Warner Bros. Discovery, Inc., Section 10b CEO totalDEF 14A2026-04-300001437107-26-000046CEO total compensation as printed in Warner Bros. Discovery, Inc.'s own proxy. As printed: 165,009,366. Filing ↗machine: span 1634526–1634537
43Liberty Latin America (subject), Section 10b CEO totalDEF 14A2026-04-290001712184-26-000065CEO total compensation as printed in Liberty Latin America's own proxy. As printed: 16,885,852. Filing ↗machine: r3 · c54 · span 684546–684556
44Cable One, Inc., Section 10b CEO totalDEF 14A2026-04-070001632127-26-000015CEO total compensation as printed in Cable One, Inc.'s own proxy. As printed: 10,159,056. Filing ↗machine: r2 · c48 · span 888077–888087
45IDT Corporation, Section 10b CEO totalDEF 14A2025-10-300001493152-25-020225CEO total compensation as printed in IDT Corporation's own proxy. As printed: 1,479,253. Filing ↗machine: r16 · c27 · span 526242–526251
46Section 10a, Warner Bros. Discovery, Inc. reciprocityDEF 14A—0001437107-26-000046Warner Bros. Discovery, Inc.'s most recent proxy was read; its disclosed peer group does not include Liberty Latin America. Filing ↗
47Section 10a, Cable One, Inc. reciprocityDEF 14A—0001632127-26-000015Cable One, Inc.'s most recent proxy was read; its disclosed peer group does not include Liberty Latin America. Filing ↗