v3.25.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Stock-Based Compensation  
Schedule of options granted and weighted average grant date fair value

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Years ended December 31, 

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2025

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2024

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2023

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Awards

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Weighted

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Awards

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Weighted

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Awards

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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 Atlanta Braves Holdings common stock options, Braves employees (1)

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—

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$

—

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—

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$

—

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476

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$

14.81

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Series C Atlanta Braves Holdings common stock options, Liberty employees and directors (2)

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—

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$

—

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—

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$

—

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90

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$

14.78

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Series C Liberty Braves common stock options, Liberty employees and directors (2)

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—

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$

—

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—

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$

—

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3

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$

14.24

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Series C Atlanta Braves Holdings common stock RSUs, Braves employees and directors (2)

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272

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$

38.61

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122

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$

40.00

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411

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$

37.14

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Series C Atlanta Braves Holdings common stock RSUs, Liberty employees and directors (3)

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—

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$

—

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20

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$

38.58

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44

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$

37.40

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Series C Atlanta Braves Holdings common stock RSUs, Liberty CEO (5)

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—

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$

—

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35

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$

38.58

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—

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$

—

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Series C Liberty Braves common stock RSUs, Liberty employees and directors (4)

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—

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$

—

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—

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$

—

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19

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$

34.51

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Series C Liberty Braves common stock RSUs, Liberty CEO (5)

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—

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$

—

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—

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$

—

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31

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$

34.44

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Series C Atlanta Braves Holdings common stock RSUs, Braves employees (6)

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528

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$

45.95

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—

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$

—

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—

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$

—

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(1)Vests annually over three years.
(2)Mainly vests between one and three years for employees and in one year for directors.
(3)Mainly vests annually over three years for employees and in one year for directors.
(4)Mainly vests in one year for directors and one year from the month of grant for employees, subject to the satisfaction of certain performance objectives.
(5)Cliff vests one year from the month of grant, subject to the satisfaction of certain performance objectives and based on an amount determined by the Company’s compensation committee.
(6)Cliff vests between 0% to 200% on December 31, 2027, subject to the satisfaction of certain performance objectives and based on an amount determined by the Company’s compensation committee.
Schedule of stock based compensation 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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Atlanta Braves Holdings

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remaining

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value

 

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options (000's)

 

WAEP

 

life

 

(in millions)

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Outstanding at January 1, 2025

 

2,936

 

$

28.75

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Granted

 

—

 

$

—

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Exercised

 

(345)

 

$

28.02

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Forfeited/Cancelled

 

—

 

$

—

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Outstanding at December 31, 2025

 

2,591

 

$

28.84

 

2.4

years

 

$

27

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Exercisable at December 31, 2025

 

2,433

 

$

28.28

 

2.3

years

 

$

27

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