Form 4 for WBD Warner Bros. Discovery
Accepted 2024-02-28 00:00:00 ET · period of report 2024-02-26 · accession 0001437107-24-000029 · 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 | Zeiler Gerhard | Pres, International | A - Grant | $0.00 | +384.1K | 690.1K | +126% | $0 |
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 | 192,062 | $0.00 | 498,060 | D | — | — | (F1) These shares represent the target amount of performance-based restricted stock units granted to the reporting person in March 2023. On February 26, 2024, the Compensation Committee determined that certain performance criteria had been met. |
| 2 | Common | Series A Common Stock | 2024-02-26 | A | A | 192,062 | $0.00 | 690,122 | D | — | — | (F2) These shares represent performance-based restricted stock units granted to the reporting person in March 2023 ("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 PRSUs being earned at 200% of target. |