secwatch.observer — SEC 8-K summary
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Issuer:     Warner Bros. Discovery, Inc. (WBD)
CIK:        0001437107
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001437107-25-000153
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437107/000143710725000153/0001437107-25-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437107/000143710725000153/disca-20250612.htm
  HTML page:      https://secwatch.observer/filing/0001437107-25-000153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer