0001437107-24-000025.txt : 20240228
0001437107-24-000025.hdr.sgml : 20240228
20240228180053
ACCESSION NUMBER: 0001437107-24-000025
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240226
FILED AS OF DATE: 20240228
DATE AS OF CHANGE: 20240228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Zaslav David
CENTRAL INDEX KEY: 0001318285
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34177
FILM NUMBER: 24697638
MAIL ADDRESS:
STREET 1: C/O WARNER BROS. DISCOVERY, INC.
STREET 2: 230 PARK AVENUE SOUTH
CITY: NEW YORK
STATE: NY
ZIP: 10003
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Warner Bros. Discovery, Inc.
CENTRAL INDEX KEY: 0001437107
STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 352333914
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 230 PARK AVENUE SOUTH
CITY: NEW YORK
STATE: NY
ZIP: 10003
BUSINESS PHONE: 212-548-5555
MAIL ADDRESS:
STREET 1: 230 PARK AVENUE SOUTH
CITY: NEW YORK
STATE: NY
ZIP: 10003
FORMER COMPANY:
FORMER CONFORMED NAME: Discovery, Inc.
DATE OF NAME CHANGE: 20180306
FORMER COMPANY:
FORMER CONFORMED NAME: Discovery Communications, Inc.
DATE OF NAME CHANGE: 20080606
4
1
wk-form4_1709161235.xml
FORM 4
X0508
4
2024-02-26
0
0001437107
Warner Bros. Discovery, Inc.
WBD
0001318285
Zaslav David
230 PARK AVENUE SOUTH
NEW YORK
NY
10003
1
1
0
0
Chief Executive Officer & Pres
0
Series A Common Stock
2024-02-26
4
A
0
1536494
0
A
5724911
D
Series A Common Stock
2024-02-26
4
F
0
602447
8.55
D
5122464
D
Series A Common Stock
2024-02-26
4
A
0
1472472
0
A
6594936
D
Series A Common Stock
2024-02-26
4
F
0
577345
8.55
D
6017591
D
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.
These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2023 Annual PRSUs.
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.
These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2023 Supplemental PRSUs.
Tara L. Smith, by power of attorney
2024-02-28