Liberty Media grants Bennett 500K options for Executive Chairman role, accelerates CEO Chang's equity

Liberty Media Corp

Robert R. Bennett receives 400,000 FWONB and 100,000 LLYVA options upon becoming Executive Chairman Jan 1, 2026.
CEO Derek Chang receives 287,504 FWONK and 88,584 LLYVK options covering 2026-2029; vests in tranches through Dec 3, 2029.
All new awards provide single-trigger vesting on change in control; Chang's May 2025 awards amended to match.
John C. Malone becomes Chairman Emeritus effective Jan 1, 2026 under amended employment agreement.

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