0001209191-23-003518.txt : 20230117 0001209191-23-003518.hdr.sgml : 20230117 20230117160804 ACCESSION NUMBER: 0001209191-23-003518 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230112 FILED AS OF DATE: 20230117 DATE AS OF CHANGE: 20230117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lousada Max CENTRAL INDEX KEY: 0001807479 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32502 FILM NUMBER: 23531632 MAIL ADDRESS: STREET 1: C/O WARNER MUSIC GROUP CORP. STREET 2: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Warner Music Group Corp. CENTRAL INDEX KEY: 0001319161 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 134271875 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-275-2000 MAIL ADDRESS: STREET 1: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: WMG Parent Corp. DATE OF NAME CHANGE: 20050228 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2023-01-12 0 0001319161 Warner Music Group Corp. WMG 0001807479 Lousada Max C/O WARNER MUSIC GROUP CORP. 1633 BROADWAY NEW YORK NY 10019 0 1 0 0 CEO, Recorded Music Class A Common Stock 2023-01-12 4 A 0 145560 0.00 A 2752586 D Class A Common Stock 1048784 I By LLC Restricted stock units granted pursuant to the issuer's long-term incentive plan. Includes restricted stock units. Includes 2,607,026 vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan. These Deferred Equity Units will be settled for shares of the Issuer's Class A Common Stock on a one-for-one basis by no later than December 31, 2025. Upon such settlement, the corresponding Deferred Equity Units will be cancelled. Shares of the Issuer's Class A Common Stock represented by 1,048,784 Class B Units of WMG Management Holdings, LLC ("Management LLC") pursuant to the terms of, and subject to the limitations and restrictions set forth in, the Second Amended and Restated Limited Liability Company Agreement of Management LLC, as amended, these Class B Units are redeemable for a number of shares of the Issuer's Class B Common Stock equal to 1,048,784 less a number of shares of Class B Common Stock having a value equal to $3,343,758 on the date of such redemption (the "Benchmark Shares"), which is the sum of the benchmark amounts of the Class B Units. The reporting person expressly disclaims beneficial ownership of the Benchmark Shares. Any shares of the Issuer's Class B Common Stock issued to the reporting person upon a redemption of Class B Units will immediately and automatically convert to shares of the Issuer's Class A Common Stock on a one-for-one basis, and the corresponding Class B Units will be cancelled. /s/ Trent N. Tappe, as Attorney-in-Fact 2023-01-17