WBD CEO Zaslav gets 20.9M stock options tied to separation; Wiedenfels set as CEO of Global Networks

Warner Bros. Discovery, Inc.

Zaslav receives 20,898,776 performance- and time-based stock options; 92% forfeitable if separation not completed by Dec 31, 2026.
Post-separation, Zaslav's base salary drops to $3M, bonus target to $6M; annual equity target $15.5M in first year then $7.5M.
Wiedenfels employment agreement contingent on separation; he becomes CEO of Global Networks with $2.5M salary, 350% bonus target, $16M annual equity target.
Performance-vesting options in three tranches: WBD stock prices $12.19, $15.24, $16.76 achieved over 30 consecutive days.
Single-trigger change-in-control severance eliminated for Zaslav effective immediately; replaced with double-trigger provision.

item 5.02 item 9.01

Executive movements

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Role change

Gunnar Wiedenfels

CEO of Global Networks

WBD · Warner Bros. Discovery, Inc.

Filed: June 17, 2025, 7:59 PM ET

the terms and conditions of his employment as the CEO of Global Networks after the Separation.

Role change

David Zaslav

Chief Executive Officer

WBD · Warner Bros. Discovery, Inc.

Filed: June 17, 2025, 7:59 PM ET

Mr. Zaslav is anticipated to become the CEO of Streaming & Studios.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gunnar Wiedenfels was appointed as CEO of Global Networks at Warner Bros. Discovery, Inc..

Action: appointed
Role: CEO of Global Networks

Exact text from the filing

the terms and conditions of his employment as the CEO of Global Networks after the Separation.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Zaslav was appointed as Chief Executive Officer at Warner Bros. Discovery, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Mr. Zaslav is anticipated to become the CEO of Streaming & Studios.

View on SEC.gov

Warner Bros. Discovery, Inc. filing history →

Source: SEC EDGAR

accession 0001437107-25-000157

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