Stock-Based Compensation (Tables)
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9 Months Ended |
Sep. 30, 2023 |
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| Schedule of Stock-Based Compensation Allocation of Expense |
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
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amountsÌýinÌýmillions |
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Cost of Sirius XM Holdings services: |
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​ |
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​ |
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Programming and content |
​ |
$ |
10 |
Ìý |
10 |
Ìý |
25 |
Ìý |
26 |
​ |
Customer service and billing |
​ |
Ìý |
1 |
Ìý |
1 |
Ìý |
4 |
Ìý |
4 |
​ |
Other |
​ |
Ìý |
2 |
Ìý |
1 |
Ìý |
4 |
Ìý |
4 |
​ |
Other operating expense |
​ |
Ìý |
11 |
Ìý |
10 |
Ìý |
33 |
Ìý |
27 |
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Selling, general and administrative |
​ |
Ìý |
39 |
Ìý |
39 |
Ìý |
107 |
Ìý |
112 |
​ |
​ |
​ |
$ |
63 |
Ìý |
61 |
Ìý |
173 |
Ìý |
173 |
​ |
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| Schedule of options granted and weighted average grant date fair value |
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Nine Months Ended |
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September 30, 2023 |
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Options |
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Weighted |
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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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Series C ÎçҹѰ»¨ SiriusXM common stock, ÎçҹѰ»¨ employees and directors (1) |
19 |
​ |
$ |
8.98 |
​ |
SeriesÌýC ÎçҹѰ»¨ SiriusXM common stock, ÎçҹѰ»¨ CEO (2) |
370 |
​ |
$ |
10.34 |
​ |
SeriesÌýC ÎçҹѰ»¨ Formula One common stock, ÎçҹѰ»¨ employees and directors (1) |
8 |
​ |
$ |
28.17 |
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SeriesÌýC ÎçҹѰ»¨ Formula One common stock, Formula 1 employee (3) |
71 |
​ |
$ |
30.70 |
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Series C ÎçҹѰ»¨ Braves common stock, ÎçҹѰ»¨ employees and directors (1) |
3 |
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$ |
14.24 |
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|
(1) |
Grants vest between two and three years.
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(2) |
Grant cliff vests on December 29, 2023. Grant was made in connection with the CEO’s employment agreement. |
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(3) |
Grant vests in equal quarterly installments over 2023. |
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| ÎçҹѰ»¨ SiriusXM Group |
Ìý
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| Schedule Of Outstanding Options To Purchase ÎçҹѰ»¨ Common Stock |
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SeriesÌýC |
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ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
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ÌýÌýÌýÌý |
Weighted |
ÌýÌýÌýÌý |
Aggregate |
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​ |
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average |
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intrinsic |
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ÎçҹѰ»¨ |
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remaining |
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value |
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optionsÌý(000's) |
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WAEP |
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life |
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(millions) |
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Outstanding at JanuaryÌý1, 2023 |
Ìý |
6,862 |
​ |
$ |
39.83 |
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Granted |
Ìý |
389 |
​ |
$ |
31.03 |
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​ |
​ |
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​ |
​ |
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Exercised |
Ìý |
(212) |
​ |
$ |
32.61 |
​ |
​ |
​ |
​ |
​ |
​ |
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Forfeited/Cancelled |
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(1,243) |
​ |
$ |
31.30 |
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​ |
​ |
​ |
​ |
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Reclassification adjustment |
​ |
167 |
​ |
$ |
28.88 |
​ |
​ |
​ |
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​ |
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Outstanding at September 30, 2023 |
Ìý |
5,963 |
​ |
$ |
29.07 |
​ |
3.0 |
years |
​ |
$ |
2 |
​ |
Exercisable at September 30, 2023 |
Ìý |
3,632 |
​ |
$ |
28.60 |
Ìý |
2.3 |
years |
​ |
$ |
— |
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| Formula One Group |
Ìý
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| Schedule Of Outstanding Options To Purchase ÎçҹѰ»¨ Common Stock |
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SeriesÌýC |
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ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Weighted |
ÌýÌýÌýÌý |
Aggregate |
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​ |
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​ |
​ |
​ |
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average |
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intrinsic |
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ÎçҹѰ»¨ |
​ |
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remaining |
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value |
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optionsÌý(000's) |
​ |
WAEP |
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life |
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(millions) |
​ |
Outstanding at JanuaryÌý1, 2023 |
Ìý |
7,086 |
​ |
$ |
36.18 |
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​ |
​ |
​ |
​ |
​ |
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Granted |
Ìý |
79 |
​ |
$ |
74.61 |
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​ |
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​ |
​ |
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Exercised |
Ìý |
(872) |
​ |
$ |
30.21 |
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​ |
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​ |
​ |
​ |
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Forfeited/Cancelled |
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— |
​ |
$ |
— |
​ |
​ |
​ |
​ |
​ |
​ |
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Formula One Distribution adjustment |
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188 |
​ |
$ |
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 September 30, 2023 |
Ìý |
6,380 |
​ |
$ |
36.67 |
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3.3 |
years |
​ |
$ |
164 |
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Exercisable at September 30, 2023 |
Ìý |
4,978 |
​ |
$ |
34.72 |
Ìý |
3.1 |
years |
​ |
$ |
138 |
​ |
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| ÎçҹѰ»¨ Live Group |
Ìý
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| Schedule Of Outstanding Options To Purchase ÎçҹѰ»¨ Common Stock |
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SeriesÌýC |
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ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Weighted |
ÌýÌýÌýÌý |
Aggregate |
​ |
​ |
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​ |
​ |
​ |
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average |
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intrinsic |
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ÎçҹѰ»¨ |
​ |
​ |
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remaining |
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value |
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optionsÌý(000's) |
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WAEP |
​ |
life |
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(millions) |
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Outstanding at JanuaryÌý1, 2023 |
Ìý |
NA |
​ |
$ |
NA |
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​ |
​ |
​ |
​ |
​ |
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Granted |
Ìý |
— |
​ |
$ |
— |
​ |
​ |
​ |
​ |
​ |
​ |
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Exercised |
Ìý |
— |
​ |
$ |
— |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Forfeited/Cancelled |
​ |
— |
​ |
$ |
— |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Reclassification adjustment |
​ |
1,603 |
​ |
$ |
42.68 |
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​ |
​ |
​ |
​ |
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Outstanding at September 30, 2023 |
Ìý |
1,603 |
​ |
$ |
42.68 |
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3.0 |
years |
​ |
$ |
1 |
​ |
Exercisable at September 30, 2023 |
Ìý |
961 |
​ |
$ |
42.29 |
Ìý |
2.3 |
years |
​ |
$ |
1 |
​ |
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| Braves Group |
Ìý
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| Schedule Of Outstanding Options To Purchase ÎçҹѰ»¨ Common Stock |
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​ |
​ |
SeriesÌýC |
​ |
​ |
ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Weighted |
ÌýÌýÌýÌý |
Aggregate |
​ |
​ |
​ |
​ |
​ |
​ |
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average |
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intrinsic |
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ÎçҹѰ»¨ |
​ |
​ |
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remaining |
​ |
value |
​ |
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​ |
optionsÌý(000's) |
​ |
WAEP |
​ |
life |
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(millions) |
​ |
Outstanding at JanuaryÌý1, 2023 |
Ìý |
3,108 |
​ |
$ |
26.17 |
​ |
​ |
​ |
​ |
​ |
​ |
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Granted |
Ìý |
3 |
​ |
$ |
37.50 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Exercised |
Ìý |
(151) |
​ |
$ |
18.42 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Forfeited/Cancelled |
​ |
(4) |
​ |
$ |
22.75 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Split-Off |
​ |
(2,956) |
​ |
$ |
26.59 |
​ |
​ |
​ |
​ |
​ |
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Outstanding at September 30, 2023 |
Ìý |
NA |
​ |
$ |
NA |
​ |
​ |
NA |
​ |
​ |
NA |
​ |
Exercisable at September 30, 2023 |
Ìý |
NA |
​ |
$ |
NA |
Ìý |
​ |
NA |
​ |
​ |
NA |
​ |
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