Stock-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2020 |
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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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2020 |
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2019 |
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2018 |
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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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372 |
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$ |
12.12 |
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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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Series C Liberty SiriusXM common stock, Liberty CEO (2) |
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1,053 |
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$ |
11.03 |
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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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Series C Liberty Formula One common stock, Liberty employees and directors (1) |
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305 |
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$ |
14.29 |
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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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Series C Liberty Formula One common stock, Liberty CEO (2) |
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791 |
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$ |
12.42 |
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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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Series C Liberty Formula One common stock, Formula 1 employees (3) |
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1,435 |
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$ |
7.55 |
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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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Series C Liberty Braves common stock, Liberty employees and directors (1) |
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146 |
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$ |
7.79 |
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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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Series C Liberty Braves common stock, Liberty CEO (2) |
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489 |
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$ |
7.26 |
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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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Series C Liberty Braves common stock, Braves employees (4) |
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1,585 |
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$ |
8.52 |
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— |
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$ |
— |
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— |
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$ |
— |
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| (1) |
Mainly vests between two and five years for employees and in one year for directors.
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| (2) |
Grants made in March 2020 cliff vested in December 2020, and grants made in December 2020 in connection with the CEO’s new employment agreement cliff vest in December 2024. 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. See discussion in note 13 regarding the new compensation agreement with the Company’s CEO. Grants in 2018 vested in December 2018. |
| (3) |
Vest monthly over one year.
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| (4) |
Vest 50% in each of December 2022 and December 2023.
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
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Volatility |
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2020 grants |
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Liberty options |
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21.8 |
% |
- |
37.2 |
% |
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 |
% |
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| Liberty SiriusXM 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, 2020 |
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9,817 |
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$ |
33.90 |
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Granted |
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1,425 |
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$ |
41.26 |
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Exercised |
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(372) |
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$ |
31.10 |
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Forfeited/Cancelled |
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— |
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$ |
— |
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Outstanding at December 31, 2020 |
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10,870 |
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$ |
34.96 |
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3.2 |
years |
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$ |
97 |
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Exercisable at December 31, 2020 |
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8,705 |
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$ |
32.62 |
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2.4 |
years |
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$ |
95 |
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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, 2020 |
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1,267 |
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$ |
21.82 |
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Granted |
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2,220 |
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$ |
26.48 |
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Exercised |
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(12) |
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$ |
17.10 |
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Forfeited/Cancelled |
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— |
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$ |
— |
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Outstanding at December 31, 2020 |
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3,475 |
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$ |
24.81 |
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5.6 |
years |
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$ |
6 |
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Exercisable at December 31, 2020 |
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1,012 |
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$ |
19.02 |
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2.7 |
years |
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$ |
6 |
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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 |
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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, 2020 |
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8,284 |
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$ |
31.16 |
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Granted |
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2,531 |
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$ |
33.35 |
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Exercised |
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(424) |
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$ |
29.06 |
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Forfeited/Cancelled |
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— |
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$ |
— |
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Outstanding at December 31, 2020 |
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10,391 |
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$ |
31.78 |
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4.5 |
years |
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$ |
114 |
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Exercisable at December 31, 2020 |
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8,113 |
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$ |
29.84 |
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4.0 |
years |
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$ |
104 |
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