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Companies Atlanta Braves Holdings, Inc.

Atlanta Braves (BATRK): executive pay, fiscal 2025

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CEO total pay$19,886,498CEO Terence McGuirk · source
Say-on-pay support98.2%Latest vote · source
CEO vs. named peers99th pct.Of 17 peer CEOs
CEO pay ratio885:1To the median employee · source

CEO pay, last three years

  • $8,758,497FY2023
  • $4,315,786FY2024
  • $19,886,498FY2025

CEO total pay was $19,886,498 in fiscal 2025, up from $4,315,786 in fiscal 2024.

FY2025: salary $1,126,136 · bonus $2,000,000 · stock awards $13,815,500 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Atlanta Braves Holdings, Inc. in fiscal 2025?
As disclosed, Terence McGuirk (Chairman, President and Chief Executive Officer) was the highest-paid executive at Atlanta Braves Holdings, Inc. in fiscal 2025, with total compensation of $19,886,498.
How does Atlanta Braves Holdings, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Terence McGuirk's total compensation ranked at the 99th percentile of Atlanta Braves Holdings, Inc.'s disclosed peer group.
What is Atlanta Braves Holdings, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Atlanta Braves Holdings, Inc.'s CEO-to-median employee pay ratio was 885:1.
How did shareholders vote on Atlanta Braves Holdings, Inc.'s executive compensation?
As disclosed, 98.2% of shareholders supported Atlanta Braves Holdings, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Atlanta Braves Holdings, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Atlanta Braves Holdings, Inc. reported total board compensation of $785,000 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Terence McGuirk$1,126,136$2,000,000$13,815,500$0$2,700,000$176,776$68,086$19,886,498
Chairman, President and Chief Executive Officer
Derek Schiller2,100,00004,725,45001,620,000140,81663,9488,650,214
Executive Vice President, Business
Michael Plant1,300,00004,775,4500877,500113,07469,5047,135,528
Executive Vice President, Development
Gregory Heller825,00002,888,5000556,875131,15349,5234,451,051
Executive Vice President, Chief Legal Officer and Secretary
Jill Robinson825,00002,888,5000556,87580,53058,0344,408,939
Executive Vice President, Chief Financial Officer and Treasurer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Terence McGuirk$19,886,498$4,315,786$8,758,497↑ +15,570,712
Derek Schiller8,650,2143,910,286—↑ +4,739,928
Michael Plant7,135,5282,727,411—↑ +4,408,117
Gregory Heller4,451,0511,817,012—↑ +2,634,039
Jill Robinson4,408,9391,835,982—↑ +2,572,957

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy seeks to align the interests of executives with those of our stockholders, with the ultimate goal of appropriately motivating our executives to increase long-term stockholder value. Performance targets support long-term growth, and practices are designed to not encourage excessive risk taking.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Gregory HellerRSU2025-12-04——14,253—$550,000
Terence McGuirkRSU2025-12-04——176,212—6,800,000
Derek SchillerRSU2025-12-04——19,436—750,000
Michael PlantRSU2025-12-04——20,731—800,000
Gregory HellerPSU2025-06-3025,00050,000—100,0002,338,500
Terence McGuirkPSU2025-06-3075,000150,000—300,0007,015,500
Michael PlantPSU2025-06-3042,50085,000—170,0003,975,450
Jill RobinsonPSU2025-06-3025,00050,000—100,0002,338,500
Jill RobinsonRSU2025-12-04——14,253—550,000
Derek SchillerPSU2025-06-3042,50085,000—170,0003,975,450

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Gregory Heller$550,000$2,338,500$081.0%
Terence McGuirk6,800,0007,015,500050.8%
Derek Schiller750,0003,975,450084.1%
Michael Plant800,0003,975,450083.2%
Jill Robinson550,0002,338,500081.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Gregory HellerRSU50,000—$2,338,500
Jill RobinsonRSU50,000—2,338,500
Derek SchillerRSU85,000—3,975,450
Michael PlantRSU85,000—3,975,450
Terence McGuirkRSU150,000—7,015,500
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Brian M. DeevyIndependent · Compensation · Nominating Corporate Governance · Audit (Chair)$150,000$115,000$0—$0$265,000
Wonya Y. LucasIndependent · Compensation (Chair) · Nominating Corporate Governance · Audit145,000115,0000—0260,000
Diana M. MurphyIndependent · Compensation · Audit · Nominating Corporate Governance (Chair)145,000115,0000—0260,000
Terence F. McGuirkEmployee director · Board Chair—————0

Board fee structure and ownership guideline

Annual cash retainer$105,000
Annual equity retainer$115,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 15,000
Stock ownership guidelineIn 2025, the Compensation Committee adopted updated Stock Ownership Guidelines. For additional details regarding the guidelines, see “Stock Ownership Guidelines and Hedging Policies” in the Compensation Discussion and Analysis.

Total cost of the board

ComponentFY2025
Cash retainers and fees$440,000
Equity awards (grant-date value)$345,000
All other compensation$0
Total cost of the board$785,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Atlanta Braves as a peer

Companies that benchmark against BATRK

No companies currently name BATRK as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Atlanta Braves Holdings, Inc.2025Terence McGuirk$1,126,136$13,815,500$0$2,700,000$19,886,498
2Churchill Downs Incorporated2025William Carstanjen1,800,00011,443,38005,763,33119,172,839
3Madison Square Garden Sports Corp.2026James Dolan1,600,0007,679,57601,820,16013,035,213
4FuboTV Inc.2025David Gandler1,180,3007,901,64101,643,30910,886,885
5Yelp, Inc.2025Jeremy Stoppelman620,0009,104,1110500,44410,256,932
6Vivid Seats, Inc.2025Lawrence Fey337,9088,999,996009,351,904
7Cousins Properties Incorporated2025M. Colin Connolly791,8136,154,83001,705,5648,688,925
8Imax Corporation2025Richard Gelfond1,200,0005,499,95101,898,8418,655,929
9Planet Fitness, Inc.2025Colleen Keating1,000,0004,999,94901,723,3998,237,348
10Vimeo, Inc.2024Philip Moyer426,9236,217,624008,184,912
11Choice Hotels International, Inc.2025Patrick Pacious1,288,4624,000,09802,464,4238,074,700
12Target Hospitality Corp.2025James Archer850,0003,703,51802,634,0657,239,484
13Shake Shack Inc.2025Robert Lynch1,000,0005,000,16101,011,7507,210,818
14Rush Street Interactive, Inc.2025Richard Schwartz653,8004,135,6851,089,6681,053,6506,946,803
15American Assets Trust2025Adam Wyll750,0002,228,9160952,5004,806,038
16Vail Resorts, Inc.2025Robert Katz1,123,5881,405,6931,405,69303,952,230
17Monarch Casino & Resort, Inc.2025John Farahi750,00002,629,08103,610,936
18Sweetgreen, Inc.2025Jonathan Neman550,00002,675,93703,226,081

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Atlanta Braves Holdings, Inc.not disclosednot disclosednot disclosedFW Cook
American Assets Trust191%PSU 100Yes — Relative Total Shareholder Return (TSR) vs. S&P 600 Real Estate Indexnot disclosed
Choice Hotels International, Inc.95.5%PSU 100NoMeridian Compensation Partners
Churchill Downs Incorporated128.0%PSU 50 · RSU 50NoFrederic W. Cook & Co., Inc.
Cousins Properties Incorporated143.6%PSU 60 · RSU 40NoFerguson Partners Consulting
FuboTV Inc.116%RSU 50 · PRSU 50NoAon
Imax Corporationnot disclosedPSU 50 · RSU 50not disclosedWillis Towers Watson
Madison Square Garden Sports Corp.100%PSU 50 · RSU 50NoClearBridge Compensation Group LLC
Monarch Casino & Resort, Inc.150%Options 100not disclosednot disclosed
Planet Fitness, Inc.114.9%PSU 50 · RSU 50NoMeridian Compensation Partners, LLC
Rush Street Interactive, Inc.144.8%PSU 50 · RSU 30 · Option 20Yes — Relative TSRnot disclosed
Shake Shack Inc.67.5%PSU 60 · RSU 40NoPearl Meyer & Partners
Sweetgreen, Inc.not disclosednot disclosednot disclosedSemler Brossy
Target Hospitality Corp.not disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Vail Resorts, Inc.92%RSU 50 · Options 50not disclosedAon
Vimeo, Inc.not disclosedRSU 100not disclosedSemler Brossy Consulting Group LLC
Vivid Seats, Inc.not disclosedRSU 100not disclosedFrederic W. Cook & Co., Inc.
Yelp, Inc.100.9%not disclosedYes — Relative TSR vs Russell 2000Compensia, Inc.

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-06-1016,401,297235,18266,22698.2%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20242024-06-1098.2%a

a. Approved under the standard stated in the filing — “Approval of each of the auditors ratification proposal and the say-on-pay proposal requires the affirmative vote of a majority of the combined voting power of the outstanding shares of our common stock that are present in person or by proxy, and entitled to vote at the annual meeting, voting together as a single class.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)885 : 1
CEO total compensation$19,886,498
Median employee compensation$22,473
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (42 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Terence McGuirk. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · page 46. As printed: 19,886,498. View filing ↗
  • Section 01, Derek Schiller. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · page 46. As printed: 8,650,214. View filing ↗
  • Section 01, Michael Plant. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · page 46. As printed: 7,135,528. View filing ↗
  • Section 01, Gregory Heller. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · page 46. As printed: 4,451,051. View filing ↗
  • Section 01, Jill Robinson. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · page 46. As printed: 4,408,939. View filing ↗
  • Section 03, Gregory Heller RSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Terence McGuirk RSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Derek Schiller RSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Plant RSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Gregory Heller PSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Terence McGuirk PSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Plant PSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jill Robinson PSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jill Robinson RSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Derek Schiller PSU. DEF 14A, filed 2026-04-02. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-02. Section “CEO Pay Ratio”. As printed: 885 : 1. View filing ↗
  • Section 08, Brian M. Deevy. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 265,000. View filing ↗
  • Section 08, Wonya Y. Lucas. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 260,000. View filing ↗
  • Section 08, Diana M. Murphy. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 260,000. View filing ↗
  • Section 08, Terence F. McGuirk. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-13. Item 5.07 · say-on-pay result. As reported: 98.2% (votes for as printed: 16,401,297). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 440,000 + equity 345,000 + all other 0 = 785,000, summed across the director compensation table rows.
  • Atlanta Braves Holdings, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Atlanta Braves Holdings, Inc.'s own proxy. As printed: 19,886,498. View filing ↗
  • Churchill Downs Incorporated, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Churchill Downs Incorporated's own proxy. As printed: 19,172,839. View filing ↗
  • Madison Square Garden Sports Corp., Section 10b CEO total. DEF 14A, filed 2026-10-27. CEO total compensation as printed in Madison Square Garden Sports Corp.'s own proxy. As printed: 13,035,213. View filing ↗
  • FuboTV Inc., Section 10b CEO total. DEF 14A, filed 2026-06-16. CEO total compensation as printed in FuboTV Inc.'s own proxy. As printed: 10,886,885. View filing ↗
  • Yelp, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Yelp, Inc.'s own proxy. As printed: 10,256,932. View filing ↗
  • Vivid Seats, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Vivid Seats, Inc.'s own proxy. As printed: 9,351,904. View filing ↗
  • Cousins Properties Incorporated, Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in Cousins Properties Incorporated's own proxy. As printed: 8,688,925. View filing ↗
  • Imax Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Imax Corporation's own proxy. As printed: 8,655,929. View filing ↗
  • Planet Fitness, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Planet Fitness, Inc.'s own proxy. As printed: 8,237,348. View filing ↗
  • Vimeo, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-29. CEO total compensation as printed in Vimeo, Inc.'s own proxy. As printed: 8,184,912. View filing ↗
  • Choice Hotels International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Choice Hotels International, Inc.'s own proxy. As printed: 8,074,700. View filing ↗
  • Target Hospitality Corp., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Target Hospitality Corp.'s own proxy. As printed: 7,239,484. View filing ↗
  • Shake Shack Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Shake Shack Inc.'s own proxy. As printed: 7,210,818. View filing ↗
  • Rush Street Interactive, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Rush Street Interactive, Inc.'s own proxy. As printed: 6,946,803. View filing ↗
  • American Assets Trust, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in American Assets Trust's own proxy. As printed: 4,806,038. View filing ↗
  • Vail Resorts, Inc., Section 10b CEO total. DEF 14A, filed 2025-10-30. CEO total compensation as printed in Vail Resorts, Inc.'s own proxy. As printed: 3,952,230. View filing ↗
  • Monarch Casino & Resort, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-13. CEO total compensation as printed in Monarch Casino & Resort, Inc.'s own proxy. As printed: 3,610,936. View filing ↗
  • Sweetgreen, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Sweetgreen, Inc.'s own proxy. As printed: 3,226,081. View filing ↗
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