Gerhard Zeiler - Feb 26, 2024 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Signature
Tara L. Smith, Attorney-in-Fact
Stock symbol
WBD
Transactions as of
Feb 26, 2024
Transactions value $
$0
Form type
4
Date filed
2/28/2024, 06:04 PM
Previous filing
Feb 16, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBD Series A Common Stock Award $0 +192K +62.77% $0.00 498K Feb 26, 2024 Direct F1
transaction WBD Series A Common Stock Award $0 +192K +38.56% $0.00 690K Feb 26, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.