Form 4 for WBD Warner Bros. Discovery
Accepted 2024-02-28 00:00:00 ET · period of report 2024-02-26 · accession 0001437107-24-000025 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-02-28 | 2024-02-26 | WBD | Zaslav David | CEO, Pres, Dir | A - Grant | $0.00 | +3.01M | 5.72M | +111% | $0 |
| M | 2024-02-28 | 2024-02-26 | WBD | Zaslav David | CEO, Pres, Dir | F - Tax | $8.55 | -1.18M | 5.12M | -19% | -$10.09M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Series A Common Stock | 2024-02-26 | A | A | 1,472,472 | $0.00 | 6,594,936 | D | — | — | (F3) These shares represent performance-based restricted stock units granted to Mr. Zaslav in March 2023 ("2023 Supplemental PRSUs") and were earned based solely on WBD's 2023 free cash flow ("FCF") performance in relation to a pre-established target. On February 26, 2024, the WBD Compensation Committee certified that WBD's 2023 FCF performance, excluding the FCF benefit derived from the 2023 guild strikes, was significantly above the established target, resulting in these 2023 Supplemental PRSUs being earned at 200% of target. |
| 2 | Common | Series A Common Stock | 2024-02-26 | F | D | 577,345 | $8.55 | 6,017,591 | D | — | — | (F4) These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2023 Supplemental PRSUs. |
| 3 | Common | Series A Common Stock | 2024-02-26 | F | D | 602,447 | $8.55 | 5,122,464 | D | — | — | (F2) These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2023 Annual PRSUs. |
| 4 | Common | Series A Common Stock | 2024-02-26 | A | A | 1,536,494 | $0.00 | 5,724,911 | D | — | — | (F1) These shares represent the annual performance-based restricted stock units granted to Mr. Zaslav in March 2023 ("2023 Annual PRSUs") and were earned based on his achievement of certain individual strategic objectives and WBD's 2023 free cash flow ("FCF") performance in relation to a pre-established target. On February 26, 2024, the WBD Compensation Committee certified that the 2023 strategic and financial objectives had been achieved, and that WBD's 2023 FCF performance, excluding the FCF benefit derived from the 2023 guild strikes, was significantly above the established target, resulting in these 2023 Annual PRSUs being earned at 200% of target. |