Key facts
- This page summarizes Gregory B. Maffei's Form 4 filing for Atlanta Braves Holdings, Inc. (BATRA).
- 2 reported transactions and 0 derivative rows are listed below.
- Filing timestamp: 30 Aug 2024, 16:30.
Gregory B. Maffei - 29 Aug 2024 Form 4 Insider Report for Atlanta Braves Holdings, Inc. (BATRA)
- Signature
- /s/ Katherine C. Jewell as Attorney-in-Fact for Gregory B. Maffei
- Issuer symbol
- BATRA
- Transactions as of
- 29 Aug 2024
- Net transactions value
- -$674,148
- Form type
- 4
- Filing time
- 30 Aug 2024, 16:30:59 UTC
- Previous filing
- 28 Aug 2024
- Next filing
- 11 Sep 2024
- SEC
- View on sec.gov
Key filing fact
Gregory B. Maffei filed Form 4 for Atlanta Braves Holdings, Inc. (BATRA) on 30 Aug 2024.
Change
- Previous filing in this sequence was filed on 28 Aug 2024.
- Current net transaction value: -$674,148.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
BATRK
transaction
Series C Common Stock
Award
- Transaction value
- $0
- Shares
- +35,044
- Change %
- +3.1%
- Price
- $0.000000
- Shares after
- 1,174,168
- Date
- 29 Aug 2024
- Ownership
- Direct
- Footnotes
- F1
BATRK
transaction
Series C Common Stock
Tax liability
- Transaction value
- $674,148
- Shares
- -15,332
- Change %
- -1.3%
- Price
- $43.97
- Shares after
- 1,158,836
- Date
- 29 Aug 2024
- Ownership
- Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Represents shares underlying performance-based restricted stock units granted to the Reporting Person on March 11, 2024 that were subject to the satisfaction of performance criteria, the vesting of which was accelerated as explained in Remarks section below. |
Remarks:
On August 21, 2024, John C. Malone and certain affiliated trusts and entities entered into a Proxy and Voting Agreement with Terence F. McGuirk, Chairman of Braves Holdings, LLC and a director of the Issuer (the "Malone Voting Agreement"). On August 21, 2024, the Reporting Person notified the Issuer of his resignation as President, Chief Executive Officer, Chairman of the Board and a director of the Issuer effective August 31, 2024. The execution of the Malone Voting Agreement constitutes a Change in Control of the Issuer as defined in the Reporting Person's Executive Employment Agreement, dated effective as of December 13, 2019, by and between the Reporting Person and Liberty Media Corporation and the Reporting Person's separation from employment with the Issuer is for "Good Reason" within the meaning of the Reporting Person's Executive Employment Agreement. As a result, the vesting of the equity award reported herein was accelerated to August 29, 2024 and such performance-based restricted stock units were deemed satisfied at 100% of "target".