Stock-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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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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2023 |
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2022 |
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2021 |
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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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19 |
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$ |
8.98 |
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42 |
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$ |
13.31 |
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66 |
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$ |
14.54 |
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Series C Liberty SiriusXM common stock, Liberty CEO (2) |
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370 |
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$ |
10.34 |
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212 |
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$ |
14.45 |
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257 |
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$ |
13.73 |
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Series C Liberty Formula One common stock, Liberty employees and directors (1) |
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246 |
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$ |
25.78 |
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34 |
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$ |
23.94 |
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55 |
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$ |
18.79 |
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Series C Liberty Formula One common stock, Liberty CEO (2) |
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— |
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$ |
— |
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181 |
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$ |
21.31 |
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— |
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$ |
— |
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Series C Liberty Formula One common stock, Formula 1 employees (3) |
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71 |
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$ |
30.70 |
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86 |
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$ |
21.31 |
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718 |
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$ |
15.96 |
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Series C Liberty Live common stock, Liberty employees and directors (1) |
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74 |
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$ |
13.71 |
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NA |
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NA |
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NA |
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NA |
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Series C Liberty Braves common stock, Liberty employees and directors (1) |
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3 |
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$ |
14.24 |
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10 |
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$ |
12.40 |
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23 |
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$ |
9.93 |
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Series C Liberty Braves common stock, Liberty CEO (2) |
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— |
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$ |
— |
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95 |
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$ |
9.16 |
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— |
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$ |
— |
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| (1) |
Mainly vests between one and three years for employees and in one year for directors.
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| (2) |
Grant made in March 2023 cliff vested in December 2023. Grants made in March 2022 cliff vested in December 2022. Grant made in March 2021 cliff vested in December 2021. See discussion in note 13 regarding the compensation agreement with the Company’s CEO. |
| (3) |
Grants made in 2023, 2022 and 2021 vested in equal quarterly installments 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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2023 grants |
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25.5 |
% |
- |
37.3 |
% |
2022 grants |
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25.5 |
% |
- |
37.4 |
% |
2021 grants |
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30.9 |
% |
- |
37.4 |
% |
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| Liberty SiriusXM Group |
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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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Options (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, 2023 |
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6,862 |
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$ |
39.83 |
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Granted |
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389 |
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$ |
31.03 |
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Exercised |
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(263) |
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$ |
30.84 |
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Forfeited/Cancelled |
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(1,292) |
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$ |
31.16 |
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Reclassification adjustment |
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167 |
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$ |
28.88 |
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Outstanding at December 31, 2023 |
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5,863 |
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$ |
29.13 |
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2.8 |
years |
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$ |
6 |
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Exercisable at December 31, 2023 |
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5,051 |
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$ |
29.08 |
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2.6 |
years |
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$ |
6 |
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| Formula One Group |
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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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Options (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, 2023 |
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7,086 |
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$ |
36.18 |
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Granted |
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317 |
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$ |
65.84 |
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Exercised |
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(891) |
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$ |
30.30 |
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Forfeited/Cancelled |
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— |
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$ |
— |
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Formula One Distribution adjustment |
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188 |
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$ |
36.36 |
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Reclassification adjustment |
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(101) |
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$ |
38.36 |
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Outstanding at December 31, 2023 |
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6,599 |
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$ |
37.62 |
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3.2 |
years |
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$ |
169 |
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Exercisable at December 31, 2023 |
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5,717 |
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$ |
35.94 |
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2.9 |
years |
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$ |
156 |
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| Liberty Live Group |
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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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Options (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, 2023 |
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NA |
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NA |
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Granted |
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74 |
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$ |
33.97 |
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Exercised |
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— |
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$ |
— |
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Forfeited/Cancelled |
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(25) |
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$ |
38.94 |
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Reclassification adjustment |
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1,603 |
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$ |
42.69 |
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Outstanding at December 31, 2023 |
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1,652 |
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$ |
42.36 |
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3.0 |
years |
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$ |
3 |
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Exercisable at December 31, 2023 |
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1,348 |
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$ |
42.86 |
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2.6 |
years |
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$ |
2 |
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| Braves Group |
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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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Options (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, 2023 |
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3,108 |
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$ |
26.17 |
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Granted |
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3 |
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$ |
37.50 |
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Exercised |
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(151) |
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$ |
18.42 |
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Forfeited/Cancelled |
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(4) |
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$ |
22.75 |
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Split-Off |
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(2,956) |
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$ |
26.59 |
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Outstanding at December 31, 2023 |
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— |
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$ |
— |
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NA |
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NA |
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Exercisable at December 31, 2023 |
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— |
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$ |
— |
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NA |
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NA |
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