---
schema_version: "secwatch.filing_event.v1"
accession: "0001437107-25-000153"
form_type: "8-K"
ticker: "WBD"
cik: "0001437107"
company_name: "Warner Bros. Discovery, Inc."
filed_at: "2025-06-16T23:59:59+00:00"
generated_at: "2026-05-19T06:15:02.171502+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Warner Bros. Discovery enters new CEO/CFO employment agreements tied to planned separation

## Summary
- CEO Zaslav receives signing options for 20.9M shares at $10.16; 92% forfeit if separation not closed by Dec 31, 2026.
- Post-separation, Zaslav's base salary $3M, target bonus $6M, initial annual equity target $15.5M.
- CFO Wiedenfels to become CEO of Global Networks post-separation; base $2.5M, target bonus 350%, annual equity $16M.
- Single-trigger change-in-control severance for Zaslav eliminated; replaced with double-trigger effective June 12, 2026.
- Options vest based on WBD stock price targets: 120% ($12.19), 150% ($15.24), 165% ($16.76) over 30 consecutive days.

## SEC filing metadata
- accession: 0001437107-25-000153
- form_type: 8-K
- ticker: WBD
- cik: 0001437107
- company_name: Warner Bros. Discovery, Inc.
- filed_at: 2025-06-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437107/000143710725000153/0001437107-25-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437107/000143710725000153/disca-20250612.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437107-25-000153
- JSON: https://secwatch.observer/filing/0001437107-25-000153.json
- Plain text: https://secwatch.observer/filing/0001437107-25-000153.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.