Stock-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Schedule of options granted and weighted average grant date fair value |
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Years ended December 31, |
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2019 |
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2018 |
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2017 |
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Options |
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Weighted |
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Options |
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Weighted |
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Options |
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Weighted |
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granted |
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average |
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granted |
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average |
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granted |
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average |
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(000's) |
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GDFV |
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(000's) |
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GDFV |
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(000's) |
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GDFV |
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Series C Liberty SiriusXM common stock, Liberty employees and directors (1) |
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179 |
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$ |
11.62 |
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33 |
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$ |
11.09 |
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263 |
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$ |
10.39 |
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Series C Liberty SiriusXM common stock, Liberty CEO (2) |
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1,419 |
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$ |
11.23 |
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633 |
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$ |
11.56 |
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920 |
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$ |
8.50 |
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Series C Liberty Formula One common stock, Liberty employees and directors (1) |
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139 |
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$ |
12.70 |
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21 |
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$ |
8.99 |
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153 |
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$ |
9.42 |
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Series C Liberty Formula One common stock, Liberty CEO (2) |
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815 |
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$ |
11.67 |
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139 |
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$ |
8.80 |
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171 |
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$ |
8.96 |
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Series C Liberty Formula One common stock, Formula 1 employees (3) |
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2,005 |
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$ |
9.79 |
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1,888 |
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$ |
8.64 |
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2,015 |
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$ |
8.16 |
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Series C Liberty Braves common stock, Liberty employees and directors (1) |
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62 |
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$ |
7.33 |
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5 |
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$ |
7.14 |
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35 |
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$ |
6.14 |
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Series C Liberty Braves common stock, Liberty CEO (2) |
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320 |
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$ |
7.36 |
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46 |
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$ |
6.44 |
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149 |
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$ |
6.02 |
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| (1) |
Mainly vests between three and five years for employees and in one year for directors.
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| (2) |
Grants made in March 2019 mainly cliff vested in December 2019, and grants made in December 2019 in connection with the CEO’s new employment agreement cliff vest in December 2023. Grants in 2018 and 2017 mainly vested in December 2018 and December 2017, respectively. |
| (3) |
Vest monthly over one year.
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
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Volatility |
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2019 grants |
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Liberty options |
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21.8 |
% |
- |
27.5 |
% |
2018 grants |
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Liberty options |
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23.5 |
% |
- |
26.0 |
% |
2017 grants |
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Liberty options |
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22.6 |
% |
- |
29.8 |
% |
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| Liberty Sirius XM Group | Common Class A |
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| Schedule of stock awards activity |
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Series A |
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Weighted |
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Aggregate |
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average |
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intrinsic |
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Liberty |
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remaining |
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value |
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Awards (000's) |
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WAEP |
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life |
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(in millions) |
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Outstanding at January 1, 2019 |
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1,403 |
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$ |
19.84 |
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Granted |
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— |
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$ |
— |
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Exercised |
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(1,381) |
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$ |
19.79 |
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Forfeited/Cancelled |
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— |
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$ |
— |
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Outstanding at December 31, 2019 |
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22 |
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$ |
22.62 |
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0.4 |
years |
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$ |
1 |
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Exercisable at December 31, 2019 |
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22 |
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$ |
22.62 |
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0.4 |
years |
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$ |
1 |
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| Liberty Sirius XM Group | Common Class C |
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| Schedule of stock awards activity |
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Series C |
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Weighted |
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Aggregate |
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average |
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intrinsic |
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Liberty |
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remaining |
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value |
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Awards (000's) |
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WAEP |
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life |
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(in millions) |
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Outstanding at January 1, 2019 |
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11,495 |
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$ |
28.85 |
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Granted |
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1,598 |
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$ |
45.08 |
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Exercised |
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(2,923) |
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$ |
20.42 |
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Forfeited/Cancelled |
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(353) |
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$ |
31.69 |
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Outstanding at December 31, 2019 |
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9,817 |
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$ |
33.90 |
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3.6 |
years |
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$ |
140 |
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Exercisable at December 31, 2019 |
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7,997 |
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$ |
32.18 |
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3.2 |
years |
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$ |
128 |
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| Braves Group | Common Class A |
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| Schedule of stock awards activity |
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Series A |
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Weighted |
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Aggregate |
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average |
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intrinsic |
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Liberty |
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remaining |
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value |
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Awards (000's) |
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WAEP |
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life |
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(in millions) |
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Outstanding at January 1, 2019 |
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177 |
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$ |
11.44 |
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Granted |
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— |
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$ |
— |
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Exercised |
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(175) |
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$ |
11.43 |
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Forfeited/Cancelled |
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— |
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$ |
— |
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Outstanding at December 31, 2019 |
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2 |
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$ |
11.89 |
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2.5 |
years |
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$ |
— |
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Exercisable at December 31, 2019 |
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2 |
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$ |
11.89 |
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2.5 |
years |
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$ |
— |
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| Braves Group | Common Class C |
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| Schedule of stock awards activity |
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Series C |
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Weighted |
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Aggregate |
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average |
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intrinsic |
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Liberty |
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remaining |
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value |
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Awards (000's) |
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WAEP |
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life |
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(in millions) |
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Outstanding at January 1, 2019 |
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1,276 |
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$ |
16.58 |
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Granted |
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382 |
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$ |
28.93 |
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Exercised |
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(358) |
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$ |
11.37 |
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Forfeited/Cancelled |
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(33) |
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$ |
15.19 |
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Outstanding at December 31, 2019 |
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1,267 |
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$ |
21.82 |
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4.3 |
years |
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$ |
10 |
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Exercisable at December 31, 2019 |
|
815 |
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$ |
18.81 |
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3.1 |
years |
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$ |
9 |
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| Formula One Group | Common Class A |
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| Schedule of stock awards activity |
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Series A |
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Weighted |
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Aggregate |
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average |
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intrinsic |
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Liberty |
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remaining |
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value |
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Awards (000's) |
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WAEP |
|
life |
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(in millions) |
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Outstanding at January 1, 2019 |
|
360 |
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$ |
11.71 |
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Granted |
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— |
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$ |
— |
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Exercised |
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(359) |
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$ |
11.71 |
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Forfeited/Cancelled |
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— |
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$ |
— |
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Outstanding at December 31, 2019 |
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1 |
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$ |
12.63 |
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3.0 |
years |
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$ |
— |
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Exercisable at December 31, 2019 |
|
1 |
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$ |
12.63 |
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3.0 |
years |
|
$ |
— |
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| Formula One Group | Common Class C |
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| Schedule of stock awards activity |
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Series C |
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Weighted |
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Aggregate |
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|
average |
|
intrinsic |
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Liberty |
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remaining |
|
value |
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Awards (000's) |
|
WAEP |
|
life |
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(in millions) |
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Outstanding at January 1, 2019 |
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6,684 |
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$ |
26.92 |
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Granted |
|
2,959 |
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$ |
36.38 |
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Exercised |
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(1,273) |
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$ |
21.80 |
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Forfeited/Cancelled |
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(86) |
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$ |
19.26 |
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Outstanding at December 31, 2019 |
|
8,284 |
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$ |
31.16 |
|
4.9 |
years |
|
$ |
123 |
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Exercisable at December 31, 2019 |
|
6,427 |
|
$ |
29.61 |
|
4.5 |
years |
|
$ |
105 |
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