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Companies Liberty Latin America

Liberty Latin America (LILAK): executive pay, fiscal 2025

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CEO total pay$16,885,852CEO Balan Nair · source
Say-on-pay support92.9%Latest vote · source
CEO vs. named peers60th pct.Of 12 peer CEOs
CEO pay ratio322:1To the median employee · source

CEO pay, last three years

  • $16,161,952FY2023
  • $5,095,795FY2024
  • $16,885,852FY2025

CEO total pay was $16,885,852 in fiscal 2025, up from $5,095,795 in fiscal 2024.

FY2025: salary $1,500,000 · bonus $0 · stock awards $5,888,225 · option awards $5,327,633

Executives and directors

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 60th 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, 92.9% 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 $890,015 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.

Full detail

Every table from the filing. Open any section.

Summary compensation table
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 Noyes5,375,2824,196,2044,065,878↑ +1,179,078
John Winter4,802,6504,258,9713,741,255↑ +543,679
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.

Incentive-plan design — the Compensation Discussion & Analysis

The compensation program is designed to motivate executives to maximize contributions, attract and retain superior talent, and align executive interests with shareholders by emphasizing long-term value creation through performance-based compensation and significant equity ownership.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
Equity grants and outstanding awards

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

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.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
John WinterRSU16,583—$144,355
Aamir HussainRSU18,656—162,400
Christopher NoyesRSU20,729—180,446
John WinterOption32,0437.81—
John WinterRSU33,167—290,875
Aamir HussainOption36,0497.81—
Aamir HussainRSU37,313—327,235
Christopher NoyesOption40,0547.81—
Christopher NoyesRSU41,459—363,595
John WinterRSU41,994—365,558
Aamir HussainRSU47,244—411,259
Christopher NoyesRSU52,492—456,943
John WinterRSU59,818—520,716
Balan NairRSU60,116—523,310
John WinterOption64,0877.78—
Aamir HussainRSU67,295—585,803
Aamir HussainOption72,0987.78—
Christopher NoyesRSU74,773—650,899
John WinterOption79,4826.16—
Christopher NoyesOption80,1087.78—
John WinterRSU83,988—736,575
Aamir HussainOption89,4186.16—
Aamir HussainRSU94,488—828,660
Christopher NoyesOption99,3546.16—
Christopher NoyesRSU104,986—920,727
John WinterOption110,1936.69—
Balan NairOption116,1587.81—
John WinterRSU119,636—1,049,208
Balan NairRSU120,232—1,054,435
Aamir HussainOption123,9676.69—
Aamir HussainRSU134,591—1,180,363
Christopher NoyesOption137,7416.69—
Christopher NoyesRSU149,545—1,311,510
Balan NairPSU156,250—1,612,500
Balan NairRSU157,480—1,370,863
John WinterOption158,9666.22—
Aamir HussainOption178,8366.22—
Christopher NoyesOption198,7086.22—
John WinterOption220,3856.66—
Balan NairRSU231,795—2,017,775
Balan NairOption232,3167.78—
Aamir HussainOption247,9336.66—
Christopher NoyesOption275,4826.66—
Balan NairOption298,0626.16—
Balan NairRSU314,960—2,762,199
Balan NairOption426,9976.69—
Balan NairRSU463,591—4,065,693
Balan NairOption596,1246.22—
Balan NairOption853,9946.66—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael T. FriesIndependent · Executive Committee$0$0$0—$0$473,797
Paul A. GouldIndependent · Audit (Chair) · Compensation · Nominating Corporate Governance130,00050—0288,958
Miranda CurtisIndependent · Audit · Compensation (Chair) · Nominating Corporate Governance130,00000—0279,615
Alfonso de Angoitia NoriegaIndependent · Audit · Nominating Corporate Governance110,00040—0262,252
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

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)—
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$890,000
Equity awards (grant-date value)$15
All other compensation$0
Total cost of the board$890,015

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

Peer group, and who names Liberty Latin America as a peer

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.

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.

WOW WideOpenWest, Inc.CNSL Consolidated Communications Holdings, Inc.IDT IDT CorporationWBD Warner Bros. Discovery, Inc. VEON Ltd.ATUS Altice USA, Inc. DISH Network CorporationCABO Cable One, Inc.FYBR Shaw Communications Inc. Telephone and Data Systems, Inc. United States Cellular CorporationLBTYA Liberty Global plc

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 Global plc2025Michael Fries3,000,00018,042,057013,000,00037,717,946
3Liberty Latin America2025Balan Nair1,500,0005,888,2255,327,6333,757,25016,885,852
4Cable One, Inc.2025Julia Laulis945,0008,566,8810526,93210,159,056
5WideOpenWest, Inc.2024Teresa Elder894,348223,58801,519,2732,637,209
6IDT Corporation2026Shmuel Jonas495,00079,420001,452,045
—Consolidated Communications Holdings, Inc.——————not in coverage universe
—Altice USA, Inc.——————not in coverage universe
—Shaw Communications 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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Liberty Latin Americanot disclosedRSU 60 · SAR 40not 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 Corporationnot disclosednot disclosednot disclosednot disclosed
Liberty Global plc112.2%PSU 70 · RSU 20 · LTIP Units 10NoThe Croner Company
Shaw Communications Inc.not disclosednot disclosednot disclosednot disclosed
Warner Bros. Discovery, Inc.116.9%PSU 100NoPay Governance
WideOpenWest, Inc.not disclosedPRSU 75 · RSU 25not disclosedAon plc

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.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-2141,872,4133,167,29032,41692.9%Passed
20212021-05-1236,644,74620,066,287581,48563.96%Passed
20182018-05-1753,874,044377,190241,60398.86%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
20242024-05-2192.9%a
20212021-05-1263.96%b
20182018-05-1798.86%c

a. Approved under the standard stated in the filing — “Approval of each of the auditors appointment proposal and the say-on-pay proposal requires the affirmative vote of the holders of a majority of the combined voting power of the issued and outstanding common shares that are present in person or represented by proxy at the AGM, and entitled to vote on the subject matter, voting together as a single class.”.

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. Approved under the standard stated in the filing — “Approval of each of the auditors appointment proposal and the say-on-pay proposal requires the affirmative vote of the holders of a majority of the combined voting power of the issued and outstanding common shares that are present in person or by proxy at the AGM, and entitled to vote on the subject matter, voting together as a single class.”.

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.

CEO pay ratio

Ratio (CEO : median employee)322 : 1
CEO total compensation$16,885,852
Median employee compensation$52,437
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (47 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, Balan Nair. DEF 14A, filed 2026-04-29. Section “2025 Summary Compensation” · page 50. As printed: 16,885,852. View filing ↗
  • Section 01, Christopher Noyes. DEF 14A, filed 2026-04-29. Section “2025 Summary Compensation” · page 50. As printed: 5,375,282. View filing ↗
  • Section 01, John Winter. DEF 14A, filed 2026-04-29. Section “2025 Summary Compensation” · page 50. As printed: 4,802,650. View filing ↗
  • Section 01, Aamir Hussain. DEF 14A, filed 2026-04-29. Section “2025 Summary Compensation” · page 50. As printed: 4,469,941. View filing ↗
  • Section 03, Christopher Noyes PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher Noyes OPTION. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, John Winter OPTION. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Aamir Hussain PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Aamir Hussain OPTION. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Balan Nair PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, John Winter RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, John Winter PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher Noyes RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Balan Nair PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Balan Nair RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Balan Nair RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher Noyes RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher Noyes OPTION. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Aamir Hussain OPTION. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Aamir Hussain RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Aamir Hussain RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, John Winter RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Balan Nair OPTION. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Balan Nair OPTION. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, John Winter OPTION. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-29. Section “CEO Pay Ratio”. As printed: 322 : 1. View filing ↗
  • Section 08, Michael T. Fries. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 473,797. View filing ↗
  • Section 08, Paul A. Gould. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 288,958. View filing ↗
  • Section 08, Miranda Curtis. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 279,615. View filing ↗
  • Section 08, Alfonso de Angoitia Noriega. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 262,252. View filing ↗
  • Section 08, Brendan Paddick. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 259,615. View filing ↗
  • Section 08, Eric L. Zinterhofer. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 259,615. View filing ↗
  • Section 08, Roberta S. Jacobson. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 249,615. View filing ↗
  • Section 08, Charles H.R. Bracken. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 249,615. View filing ↗
  • Section 08, Daniel E. Sanchez. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 249,615. View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-23. Item 5.07 · say-on-pay result. As reported: 92.9% (votes for as printed: 41,872,413). View filing ↗
  • Section 06, 2021 vote. Form 8-K, filed 2021-05-14. Item 5.07 · say-on-pay result. As reported: 63.96% (votes for as printed: 36,644,746). View filing ↗
  • Section 06, 2018 vote. Form 8-K, filed 2018-05-17. Item 5.07 · say-on-pay result. As reported: 98.86% (votes for as printed: 53,874,044 (98.86%)). 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 890,000 + equity 15 + all other 0 = 890,015, summed across the director compensation table rows.
  • Warner Bros. Discovery, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Warner Bros. Discovery, Inc.'s own proxy. As printed: 165,009,366. View filing ↗
  • Liberty Global plc, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Liberty Global plc's own proxy. As printed: 37,717,946. View filing ↗
  • Liberty Latin America (subject), Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Liberty Latin America's own proxy. As printed: 16,885,852. View filing ↗
  • Cable One, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Cable One, Inc.'s own proxy. As printed: 10,159,056. View filing ↗
  • WideOpenWest, Inc., Section 10b CEO total. DEF 14A, filed 2025-03-27. CEO total compensation as printed in WideOpenWest, Inc.'s own proxy. As printed: 2,637,209. View filing ↗
  • IDT Corporation, Section 10b CEO total. DEF 14A, filed 2026-10-23. CEO total compensation as printed in IDT Corporation's own proxy. As printed: 1,452,045. View filing ↗
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