secwatch.observer — SEC 8-K summary
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Issuer:     Warner Bros. Discovery, Inc. (WBD)
CIK:        0001437107
Form:       8-K
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0001437107-26-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437107/000143710726000003/0001437107-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437107/000143710726000003/disca-20260105.htm
  HTML page:      https://secwatch.observer/filing/0001437107-26-000003

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