CEO Zaslav gets 3.05M stock options (strike $28.51) plus 1.96M make-whole RSUs

Warner Bros. Discovery, Inc.

Follow-On Options of 3,052,734 shares granted Jan 2, 2026 at $28.51 exercise price.
Make-Whole RSUs of 1,963,465 shares granted Jan 5, 2026 to offset higher strike vs prior $10.16 options.
Both grants stem from June 2025 amended employment agreement; vesting terms match Signing Stock Options.
Compensation Committee chose RSUs as method to address lost economic value from stock price increase.

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