David Zaslav - 24 Feb 2025 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Signature
Tara L. Smith, Attorney-in-Fact
Issuer symbol
WBD
Transactions as of
24 Feb 2025
Net transactions value
-$23,100,747
Form type
4
Filing time
26 Feb 2025, 21:30:40 UTC
Previous filing
17 Dec 2024
Next filing
26 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBD Series A Common Stock Award $0 +2,730,376 +79% $0.000000 6,183,967 24 Feb 2025 Direct F1
transaction WBD Series A Common Stock Tax liability $11,722,940 -1,057,073 -17% $11.09 5,126,894 24 Feb 2025 Direct F2
transaction WBD Series A Common Stock Award $0 +2,616,610 +51% $0.000000 7,743,504 24 Feb 2025 Direct F3
transaction WBD Series A Common Stock Tax liability $11,377,808 -1,025,952 -13% $11.09 6,717,552 24 Feb 2025 Direct F4
holding WBD Series A Common Stock 153 24 Feb 2025 Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent the annual performance-based restricted stock units granted to Mr. Zaslav in March 2024 ("2024 Annual PRSUs") and were earned based on his achievement of certain individual strategic objectives and WBD's 2024 free cash flow ("FCF") performance in relation to a pre-established target. On February 24, 2025, the WBD Compensation Committee certified that the 2024 strategic and financial objectives had been achieved and exceeded.
F2 These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2024 Annual PRSUs.
F3 These shares represent performance-based restricted stock units granted to Mr. Zaslav in March 2024 ("2024 Supplemental PRSUs") and were earned based solely on WBD's 2024 free cash flow ("FCF") performance in relation to a pre-established target. On February 24, 2025, the WBD Compensation Committee certified that WBD's 2024 FCF performance had exceeded the pre-established target.
F4 These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2024 Supplemental PRSUs.