Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-based compensation

Schedule of stock option activity

	For the Year Ended December 31, 2023
	Options	Weighted- Average Exercise Price			Aggregate intrinsic value (In thousands)	Weighted- Average Remaining Contractual Life
Total options outstanding, beginning of period	10,494,032	$	74.66
Granted	790,526	$	28.24
Exercised	—	$	—
Forfeited and cancelled (1)	(1,397,228)	$	78.85
Total options outstanding, end of period	9,887,330	$	70.36	$	—	7.21
Performance/market based options outstanding, end of period (2)	4,631,083	$	84.20
Exercisable at end of period	2,893,380	$	65.85	$	—	6.85

(1) Includes the cancellation of the 2013 LTIP. See discussion below.

(2) These stock options are included in the caption “Total options outstanding, end of period.” See discussion of the 2017 LTIP, 2019 LTIP, 2022 Incentive Plan, Ergen 2020 Performance Award and Other Employee Performance Awards below.

Schedule of realized tax benefits from stock awards exercised

	For the Years Ended December 31,
	2023		2022		2021
	(In thousands)
Tax benefit from stock awards exercised	$	1,384	$	573	$	4,153

Schedule of restricted stock unit activity

	For the Year Ended December 31, 2023
	Restricted Stock Units/Awards	Weighted- Average Grant Date Fair Value
Total restricted stock units/awards outstanding, beginning of period	502,804	$	101.03
Granted	5,776	$	17.50
Vested	(275,100)	$	93.32
Forfeited and cancelled	(184,835)	$	110.50
Total restricted stock units/awards outstanding, end of period	48,645	$	98.78

Schedule of non-cash, stock-based compensation expense recognized

	For the Years Ended December 31,
Non-Cash, Stock-Based Compensation Expense Recognized (1)	2023		2022		2021
	(In thousands)
2022 Incentive Plan	$	7,346	$	19,088	$	—
2019 LTIP		(1,903)		(97)		489
2013 LTIP		—		—		(13,610)
Ergen 2020 Performance Award		12,308		12,308		34,513
Other employee performance awards		462		4,502		9,033
Total non-cash, stock-based compensation expense recognized for performance based awards	$	18,213	$	35,801	$	30,425

(1)“Non-Cash, Stock-Based Compensation Expense Recognized” includes actual forfeitures.

Schedule of awards outstanding pursuant to performance-based stock incentive plans

	As of December 31, 2023
Performance Based Stock Options	Number of Awards	Weighted- Average Grant Price
2022 Incentive Plan	401,828	$	50.78
2019 LTIP	248,758	$	60.04
2017 LTIP	471,727	$	164.20
Ergen 2020 Performance Award	3,508,770	$	78.98
Total	4,631,083	$	84.20

Schedule of allocated non-cash, stock-based compensation expense for all employees

	For the Years Ended December 31,
	2023		2022		2021
	(In thousands)
Cost of services	$	2,609	$	6,511	$	4,365
Selling, general and administrative		33,534		64,939		47,315
Total non-cash, stock-based compensation	$	36,143	$	71,450	$	51,680

Schedule of assumptions of Black-Scholes option valuation model

	For the Years Ended December 31,
Stock Options	2023							2022							2021
Risk-free interest rate		3.58	%	-		4.61	%		1.35	%	-		4.02	%		0.48	%	-		1.11	%
Volatility factor		34.30	%	-		41.25	%		32.67	%	-		34.84	%		29.91	%	-		34.51	%
Expected term of options in years		4.1		-		6.6			4.1		-		6.0			4.0		-		5.9
Fair value of options granted	$	7.40		-	$	7.77		$	5.97		-	$	9.27		$	6.20		-	$	8.32

Schedule of additional information about our stock options and restricted stock units and awards

	For the Years Ended December 31,
	2023		2022		2021
	(In thousands, except per share amounts)
Stock options:
Weighted-average grant date fair value of options granted	$	28.24	$	63.90	$	112.76
Intrinsic value of options exercised (1)	$	—	$	98	$	16,029
Restricted stock units and awards:
Weighted-average grant date fair value of units and awards granted	$	17.50	$	88.39	$	120.86
Fair value of units and rewards vested (1)	$	5,612	$	2,212	$	980

(1) Intrinsic value and fair value is based on the closing market price of EchoStar’s Class A Common Stock on December 31, 2023.

2022 Incentive Plan, 2019 LTIP, 2013 LTIP and Other

Share-based compensation

Schedule of unrecognized non-cash, stock-based compensation expense

Estimated Remaining Non-Cash, Stock-Based Compensation Expense	2022 Incentive Plan		2019 LTIP		Ergen 2020 Performance Award		Other Employee Performance Awards
	(In thousands)
Expense estimated to be recognized during 2024	$	2,119	$	—	$	10,816	$	—
Estimated contingent expense subsequent to 2024		1,114		—		16,913		—
Total estimated remaining expense over the term of the plan	$	3,233	$	—	$	27,729	$	—