Companies Atlanta Braves Holdings, Inc.
Atlanta Braves (BATRK): executive pay, fiscal 2025
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CEO vs. named peers99th pct.Of 17 peer CEOs
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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| 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 Schiller | 2,100,000 | 0 | 4,725,450 | 0 | 1,620,000 | 140,816 | 63,948 | 8,650,214 |
| Executive Vice President, Business | ||||||||
| Michael Plant | 1,300,000 | 0 | 4,775,450 | 0 | 877,500 | 113,074 | 69,504 | 7,135,528 |
| Executive Vice President, Development | ||||||||
| Gregory Heller | 825,000 | 0 | 2,888,500 | 0 | 556,875 | 131,153 | 49,523 | 4,451,051 |
| Executive Vice President, Chief Legal Officer and Secretary | ||||||||
| Jill Robinson | 825,000 | 0 | 2,888,500 | 0 | 556,875 | 80,530 | 58,034 | 4,408,939 |
| 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Terence McGuirk | $19,886,498 | $4,315,786 | $8,758,497 | ↑ +15,570,712 |
| Derek Schiller | 8,650,214 | 3,910,286 | — | ↑ +4,739,928 |
| Michael Plant | 7,135,528 | 2,727,411 | — | ↑ +4,408,117 |
| Gregory Heller | 4,451,051 | 1,817,012 | — | ↑ +2,634,039 |
| Jill Robinson | 4,408,939 | 1,835,982 | — | ↑ +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 consultant | FW Cook |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Gregory Heller | RSU | 2025-12-04 | — | — | 14,253 | — | $550,000 |
| Terence McGuirk | RSU | 2025-12-04 | — | — | 176,212 | — | 6,800,000 |
| Derek Schiller | RSU | 2025-12-04 | — | — | 19,436 | — | 750,000 |
| Michael Plant | RSU | 2025-12-04 | — | — | 20,731 | — | 800,000 |
| Gregory Heller | PSU | 2025-06-30 | 25,000 | 50,000 | — | 100,000 | 2,338,500 |
| Terence McGuirk | PSU | 2025-06-30 | 75,000 | 150,000 | — | 300,000 | 7,015,500 |
| Michael Plant | PSU | 2025-06-30 | 42,500 | 85,000 | — | 170,000 | 3,975,450 |
| Jill Robinson | PSU | 2025-06-30 | 25,000 | 50,000 | — | 100,000 | 2,338,500 |
| Jill Robinson | RSU | 2025-12-04 | — | — | 14,253 | — | 550,000 |
| Derek Schiller | PSU | 2025-06-30 | 42,500 | 85,000 | — | 170,000 | 3,975,450 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Gregory Heller | $550,000 | $2,338,500 | $0 | 81.0% |
| Terence McGuirk | 6,800,000 | 7,015,500 | 0 | 50.8% |
| Derek Schiller | 750,000 | 3,975,450 | 0 | 84.1% |
| Michael Plant | 800,000 | 3,975,450 | 0 | 83.2% |
| Jill Robinson | 550,000 | 2,338,500 | 0 | 81.0% |
% 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
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Gregory Heller | RSU | 50,000 | — | $2,338,500 |
| Jill Robinson | RSU | 50,000 | — | 2,338,500 |
| Derek Schiller | RSU | 85,000 | — | 3,975,450 |
| Michael Plant | RSU | 85,000 | — | 3,975,450 |
| Terence McGuirk | RSU | 150,000 | — | 7,015,500 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| 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 · Audit | 145,000 | 115,000 | 0 | — | 0 | 260,000 |
| Diana M. MurphyIndependent · Compensation · Audit · Nominating Corporate Governance (Chair) | 145,000 | 115,000 | 0 | — | 0 | 260,000 |
| 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 guideline | In 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
| Component | FY2025 |
|---|---|
| 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.
YELP Yelp, Inc.CHDN Churchill Downs IncorporatedCUZ Cousins Properties IncorporatedMCRI Monarch Casino & Resort, Inc.SEAT Vivid Seats, Inc.VMEO Vimeo, Inc.RSI Rush Street Interactive, Inc.AAT American Assets TrustSG Sweetgreen, Inc.TH Target Hospitality Corp.MTN Vail Resorts, Inc.PLNT Planet Fitness, Inc.FUBO FuboTV Inc.CHH Choice Hotels International, Inc.SHAK Shake Shack Inc.MSGS Madison Square Garden Sports Corp.IMAX IMAX Corporation
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Atlanta Braves Holdings, Inc. | 2025 | Terence McGuirk | $1,126,136 | $13,815,500 | $0 | $2,700,000 | $19,886,498 |
| 2 | Churchill Downs Incorporated | 2025 | William Carstanjen | 1,800,000 | 11,443,380 | 0 | 5,763,331 | 19,172,839 |
| 3 | Madison Square Garden Sports Corp. | 2026 | James Dolan | 1,600,000 | 7,679,576 | 0 | 1,820,160 | 13,035,213 |
| 4 | FuboTV Inc. | 2025 | David Gandler | 1,180,300 | 7,901,641 | 0 | 1,643,309 | 10,886,885 |
| 5 | Yelp, Inc. | 2025 | Jeremy Stoppelman | 620,000 | 9,104,111 | 0 | 500,444 | 10,256,932 |
| 6 | Vivid Seats, Inc. | 2025 | Lawrence Fey | 337,908 | 8,999,996 | 0 | 0 | 9,351,904 |
| 7 | Cousins Properties Incorporated | 2025 | M. Colin Connolly | 791,813 | 6,154,830 | 0 | 1,705,564 | 8,688,925 |
| 8 | Imax Corporation | 2025 | Richard Gelfond | 1,200,000 | 5,499,951 | 0 | 1,898,841 | 8,655,929 |
| 9 | Planet Fitness, Inc. | 2025 | Colleen Keating | 1,000,000 | 4,999,949 | 0 | 1,723,399 | 8,237,348 |
| 10 | Vimeo, Inc. | 2024 | Philip Moyer | 426,923 | 6,217,624 | 0 | 0 | 8,184,912 |
| 11 | Choice Hotels International, Inc. | 2025 | Patrick Pacious | 1,288,462 | 4,000,098 | 0 | 2,464,423 | 8,074,700 |
| 12 | Target Hospitality Corp. | 2025 | James Archer | 850,000 | 3,703,518 | 0 | 2,634,065 | 7,239,484 |
| 13 | Shake Shack Inc. | 2025 | Robert Lynch | 1,000,000 | 5,000,161 | 0 | 1,011,750 | 7,210,818 |
| 14 | Rush Street Interactive, Inc. | 2025 | Richard Schwartz | 653,800 | 4,135,685 | 1,089,668 | 1,053,650 | 6,946,803 |
| 15 | American Assets Trust | 2025 | Adam Wyll | 750,000 | 2,228,916 | 0 | 952,500 | 4,806,038 |
| 16 | Vail Resorts, Inc. | 2025 | Robert Katz | 1,123,588 | 1,405,693 | 1,405,693 | 0 | 3,952,230 |
| 17 | Monarch Casino & Resort, Inc. | 2025 | John Farahi | 750,000 | 0 | 2,629,081 | 0 | 3,610,936 |
| 18 | Sweetgreen, Inc. | 2025 | Jonathan Neman | 550,000 | 0 | 2,675,937 | 0 | 3,226,081 |
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
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Atlanta Braves Holdings, Inc. | not disclosed | not disclosed | not disclosed | FW Cook |
| American Assets Trust | 191% | PSU 100 | Yes — Relative Total Shareholder Return (TSR) vs. S&P 600 Real Estate Index | not disclosed |
| Choice Hotels International, Inc. | 95.5% | PSU 100 | No | Meridian Compensation Partners |
| Churchill Downs Incorporated | 128.0% | PSU 50 · RSU 50 | No | Frederic W. Cook & Co., Inc. |
| Cousins Properties Incorporated | 143.6% | PSU 60 · RSU 40 | No | Ferguson Partners Consulting |
| FuboTV Inc. | 116% | RSU 50 · PRSU 50 | No | Aon |
| Imax Corporation | not disclosed | PSU 50 · RSU 50 | not disclosed | Willis Towers Watson |
| Madison Square Garden Sports Corp. | 100% | PSU 50 · RSU 50 | No | ClearBridge Compensation Group LLC |
| Monarch Casino & Resort, Inc. | 150% | Options 100 | not disclosed | not disclosed |
| Planet Fitness, Inc. | 114.9% | PSU 50 · RSU 50 | No | Meridian Compensation Partners, LLC |
| Rush Street Interactive, Inc. | 144.8% | PSU 50 · RSU 30 · Option 20 | Yes — Relative TSR | not disclosed |
| Shake Shack Inc. | 67.5% | PSU 60 · RSU 40 | No | Pearl Meyer & Partners |
| Sweetgreen, Inc. | not disclosed | not disclosed | not disclosed | Semler Brossy |
| Target Hospitality Corp. | not disclosed | RSU 50 · PSU 50 | not disclosed | Frederic W. Cook & Co., Inc. |
| Vail Resorts, Inc. | 92% | RSU 50 · Options 50 | not disclosed | Aon |
| Vimeo, Inc. | not disclosed | RSU 100 | not disclosed | Semler Brossy Consulting Group LLC |
| Vivid Seats, Inc. | not disclosed | RSU 100 | not disclosed | Frederic W. Cook & Co., Inc. |
| Yelp, Inc. | 100.9% | not disclosed | Yes — Relative TSR vs Russell 2000 | Compensia, 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 year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-06-10 | 16,401,297 | 235,182 | 66,226 | 98.2% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2024 | 2024-06-10 | 98.2%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 ↗