Warner Bros. Discovery CEO David Zaslav is promoting about $59.5 million in firm inventory, his newest transfer to money in on the corporate’s inventory rebound.
The sale of the almost 2.2 million shares was revealed in an SEC submitting on Monday, hours after 12 states filed an antitrust lawsuit meant to dam Paramount’s $110 billion acquisition of WBD.
WBD shares have sagged 6% in 2026 so far, ending Monday’s buying and selling day at $27.09, however they’ve greater than doubled since phrase emerged final fall of acquisition curiosity from a number of suitors. Aggressive bidding amongst Netflix, Comcast and Paramount ended with solely Paramount left standing, with the method reviving WBD’s long-moribund inventory.
Zaslav’s proceeds from the most recent inventory sale signify only a fraction of the last word reward he’ll obtain upon the merger’s shut. Primarily based on various variables, his final take-home compensation tied to the merger alone might method $800 million, the majority of that within the type of a inventory award.
The share sale follows a earlier one in March, when Zaslav introduced plans to promote about 4 million shares, netting greater than $114 million. The shares had been acquired between 2023 and 2026.
Zaslav was put in as head of WBD in April 2022 when the corporate was shaped out of the merger of WarnerMedia and Discovery Communications. Zaslav had been CEO of Discovery since 2007.
Together with Zaslav’s compensation, which has routinely ranked close to the highest of the ranks for company execs within the U.S., others on the administration workforce have additionally made strikes to capitalize on the revival of WBD shares. The sellers included CFO Gunnar Wiedenfels, Chief Income & Technique Officer Bruce Campbell, Chief Accounting Officer Lori Locke, President of Worldwide Gerhard Zeiler, International Streaming President & CEO JB Perrette, Chief Authorized Officer Priya Aiyar and HR chief Amy Girdwood.