EQUITY-BASED COMPENSATION (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Equity-Based Compensation Expense |
Equity-based compensation expense by plan, which is included within selling, general and administrative expenses on the Company’s combined statements of operations, consisted of the following (in thousands):
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Year Ended December 31, |
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2024 |
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2023 |
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|
2022 |
|
EGH 2021 Plan |
|
$ |
14,877 |
|
|
$ |
25,875 |
|
|
$ |
31,848 |
|
Replacement Awards under WWE 2016 Plan |
|
|
27,746 |
|
|
|
31,747 |
|
|
|
— |
|
TKO 2023 Plan |
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|
59,964 |
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|
|
6,724 |
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|
|
— |
|
Other awards (1) |
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|
879 |
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|
|
166 |
|
|
|
(250 |
) |
Equity-based compensation expense |
|
$ |
103,466 |
|
|
$ |
64,512 |
|
|
$ |
31,598 |
|
Represents equity-based compensation cost associated with other compensation plans at Endeavor Group Holdings, Inc. offered to employees who exclusively support the Company and is included in net income.
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| Summary of Unrecognized Compensation Cost for Unvested Awards and the Related Remaining Weighted Average Period |
As of December 31, 2024, total unrecognized equity-based compensation expense for unvested awards and the related remaining weighted average period for expensing is summarized below (dollars in thousands):
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Unrecognized
Compensation
Costs |
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|
Period
Remaining
(in years) |
|
EGH 2021 Plan |
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$ |
18,618 |
|
|
|
2.19 |
|
Replacement Awards under WWE 2016 Plan |
|
|
20,878 |
|
|
|
0.96 |
|
TKO 2023 Plan |
|
|
140,395 |
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|
|
2.16 |
|
Equity-based unrecognized compensation expense |
|
$ |
179,891 |
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|
|
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| Summary of RSU Activity |
The following table summarizes the RSU award activity under the EGH 2021 Plan for the year ended December 31, 2024:
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Time Vested RSUs |
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Market / Market and Time Vested RSUs |
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Units |
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|
Weighted-
Average
Grant-Date
Fair Value |
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Units |
|
|
Weighted-
Average
Grant-Date
Fair Value |
|
Outstanding at January 1, 2024 |
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|
1,342,536 |
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|
$ |
23.20 |
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|
|
209,852 |
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|
$ |
25.27 |
|
Granted |
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|
509,277 |
|
|
$ |
25.00 |
|
|
|
— |
|
|
$ |
— |
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Released |
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|
(245,262 |
) |
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$ |
26.62 |
|
|
|
— |
|
|
$ |
— |
|
Transfers |
|
|
12,227 |
|
|
$ |
24.43 |
|
|
|
— |
|
|
$ |
— |
|
Vested |
|
|
(379,555 |
) |
|
$ |
27.86 |
|
|
|
— |
|
|
$ |
— |
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Forfeited |
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|
(117,387 |
) |
|
$ |
26.50 |
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|
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(80,547 |
) |
|
$ |
25.52 |
|
Outstanding at December 31, 2024 |
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|
1,121,836 |
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|
$ |
21.59 |
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|
129,305 |
|
|
$ |
25.12 |
|
Vested and exercisable at December 31, 2024 |
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|
42,693 |
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|
$ |
28.75 |
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|
— |
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|
$ |
— |
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| Summary of Stock Option Activity |
The following table summarizes the stock option award activity under the EGH 2021 Plan for the year ended December 31 2024:
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Stock Options |
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Units |
|
|
Weighted-
Average
Exercise
Price |
|
Outstanding at January 1, 2024 |
|
|
493,082 |
|
|
$ |
25.19 |
|
Granted |
|
|
— |
|
|
$ |
— |
|
Exercised |
|
|
— |
|
|
$ |
— |
|
Vested |
|
|
— |
|
|
$ |
— |
|
Forfeited |
|
|
— |
|
|
$ |
— |
|
Outstanding at December 31, 2024 |
|
|
493,082 |
|
|
$ |
25.19 |
|
Vested and exercisable at December 31, 2024 |
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|
464,310 |
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|
$ |
24.84 |
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| Summary of PSU Activity |
The following table summarizes the PSU award activity under the WWE 2016 Plan for the year ended December 31, 2024:
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Time Vested PSUs |
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|
Units |
|
|
Weighted-Average
Grant Date Fair Value |
|
Outstanding at January 1, 2024 |
|
|
327,403 |
|
|
$ |
93.84 |
|
Vested |
|
|
(136,885 |
) |
|
$ |
100.65 |
|
Forfeited |
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|
(6,038 |
) |
|
$ |
100.65 |
|
Outstanding at December 31, 2024 |
|
|
184,480 |
|
|
$ |
126.94 |
|
|
| Replacement Awards [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Summary of RSU Activity |
The following table summarizes the RSU award activity under the WWE 2016 Plan for the year ended December 31, 2024:
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Time Vested RSUs |
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|
|
Units |
|
|
Weighted-Average
Grant Date Fair Value |
|
Outstanding at January 1, 2024 |
|
|
701,090 |
|
|
$ |
100.65 |
|
Vested |
|
|
(259,847 |
) |
|
$ |
100.65 |
|
Forfeited |
|
|
(188,643 |
) |
|
$ |
100.65 |
|
Outstanding at December 31, 2024 |
|
|
252,600 |
|
|
$ |
100.65 |
|
|
| TKO 2023 Plan [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Summary of RSU Activity |
The following table summarizes the RSU award activity under the TKO 2023 Plan for the year ended December 31, 2024:
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Time Vested RSUs |
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|
Units |
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|
Weighted-Average Grant Date Fair Valule |
|
Outstanding at January 1, 2024 |
|
|
935,536 |
|
|
$ |
91.23 |
|
Granted |
|
|
1,630,439 |
|
|
$ |
91.95 |
|
Vested |
|
|
(416,450 |
) |
|
$ |
88.14 |
|
Forfeited |
|
|
(42,516 |
) |
|
$ |
85.86 |
|
Outstanding at December 31, 2024 |
|
|
2,107,009 |
|
|
$ |
92.51 |
|
Vested and exercisable at December 31, 2024 |
|
|
267,150 |
|
|
$ |
78.22 |
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