Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-15

Warner Bros. Discovery (WBD)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$165,009,366
David Zaslav total, FY2025
99th
CEO pay percentile vs peers
1,378:1
CEO-to-median pay ratio
15.62%
Say-on-pay support, latest vote
Companies that benchmark against WBD
13 companies name WBD as a compensation peer

Each company listed discloses WBD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named WBD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Zaslav$3,000,000$0$22,597,744$109,593,181$25,726,018$0$4,092,423$165,009,366
President and Chief Executive Officer
Priya Aiyar1,323,077017,733,1751,308,4512,670,5050223,83923,259,047
Chief Legal Officer
Jean-Briac Perrette2,744,15409,427,1892,511,5226,979,7140864,11822,526,697
President and CEO, Global Streaming and Games
Bruce Campbell2,799,63109,427,1892,226,6127,772,740036,96122,263,133
Chief Revenue and Strategy Officer
Gunnar Wiedenfels2,142,40008,188,5122,093,5225,214,718035,61017,674,762
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
David Zaslav$165,009,366$51,918,563$49,702,546+113,090,803
Priya Aiyar23,259,047
Jean-Briac Perrette22,526,69719,724,56320,142,701+2,802,134
Bruce Campbell22,263,13319,779,89018,268,276+2,483,243
Gunnar Wiedenfels17,674,76217,057,58417,056,970+617,178

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Paula A. PriceDirector2026-06-04D11,046$27$298,242CommonForm 4 ↗
Anthony J. NotoDirector2026-06-09A9,06700CommonForm 4 ↗
Joseph M. LevinDirector2026-06-09A9,06700CommonForm 4 ↗
Richard W. FisherDirector2026-06-09A9,06700CommonForm 4 ↗
Kenneth W. LoweDirector2026-06-09A9,06700CommonForm 4 ↗
Paul A. GouldDirector2026-06-09A9,06700CommonForm 4 ↗
Samuel A. Di Piazza JrDirector2026-06-09A9,06700CommonForm 4 ↗
Anton J. LevyDirector2026-06-09A9,06700CommonForm 4 ↗
Daniel E. SanchezDirector2026-06-09A9,06700CommonForm 4 ↗
Geoffrey Y. YangDirector2026-06-09A9,06700CommonForm 4 ↗
Fazal F. MerchantDirector2026-06-09A9,06700CommonForm 4 ↗
Debra L. LeeDirector2026-06-09A9,06700CommonForm 4 ↗
Paula A. PriceDirector2026-06-09A9,06700CommonForm 4 ↗
David ZaslavDirector2026-06-12D202,881275,473,729CommonForm 4 ↗
Anthony J. NotoDirector2026-06-30A1,07900CommonForm 4 ↗
David ZaslavDirector2026-07-13A2,089,8761021,233,140CommonForm 4 ↗
David ZaslavDirector2026-07-13D2,089,87600Derivative, Class A CommonForm 4 ↗
David ZaslavDirector2026-07-13D2,089,8762756,886,425CommonForm 4 ↗
David ZaslavDirector2026-07-13D94,906272,583,341CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David ZaslavPSU2025-03-03785,3411,570,682$8,654,458
Priya AiyarPSU2025-03-03218,151589,0082,713,798
Jean-Briac PerretteOPTION2025-03-03397,9192,224,367
David ZaslavOPTION2025-06-124,179,75621,851,765
David ZaslavPSU2025-03-03261,780523,5602,884,816
David ZaslavPSU2025-03-031,003,4912,006,98211,058,470
David ZaslavOPTION2025-06-124,179,75522,069,106
David ZaslavOPTION2025-06-128,359,51043,686,799
David ZaslavOPTION2025-06-124,179,75521,985,511
Priya AiyarRSU2025-03-171,226,69312,855,743
Priya AiyarRSU2025-03-03109,0761,202,018
Jean-Briac PerrettePSU2025-03-03174,521349,0421,923,221
Jean-Briac PerretteRSU2025-08-1521,816258,520
Gunnar WiedenfelsPSU2025-03-03174,521349,0421,923,221
Bruce CampbellOPTION2025-03-03397,9191,939,457
Bruce CampbellRSU2025-08-1521,816258,520
Gunnar WiedenfelsOPTION2025-03-03374,5122,093,522
Gunnar WiedenfelsRSU2025-03-03174,5211,923,221
Gunnar WiedenfelsPSU2025-03-03349,041942,4114,342,070
Priya AiyarOPTION2025-03-03234,0701,308,451
Priya AiyarPSU2025-03-0387,261174,522961,616
Bruce CampbellOPTION2025-08-1546,814287,155
Bruce CampbellRSU2025-03-03185,4282,043,417
Bruce CampbellPSU2025-03-03370,8561,001,3114,613,449
Bruce CampbellPSU2025-03-03174,521349,0421,923,221
Bruce CampbellPSU2025-08-1543,631117,804588,582
Jean-Briac PerretteRSU2025-03-03185,4282,043,417
Jean-Briac PerrettePSU2025-03-03370,8561,001,3114,613,449
Jean-Briac PerrettePSU2025-08-1543,631117,804588,582
Jean-Briac PerretteOPTION2025-08-1546,814287,155
D. Zaslav WBD CommonPSU2025-03-030261,780523,5602,884,816
D. Zaslav WBD CommonPSU2025-03-030785,3411,570,6828,654,458
D. Zaslav WBD CommonPSU2025-03-0301,003,4912,006,98211,058,470
G. Wiedenfels WBD CommonPSU2025-03-03011174,521349,042
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
David Zaslav$0$22,597,744$109,593,18117.1%
Priya Aiyar14,057,7613,675,4141,308,45119.3%
Jean-Briac Perrette2,301,9377,125,2522,511,52259.7%
Gunnar Wiedenfels1,923,2216,265,2912,093,52260.9%
Bruce Campbell2,301,9377,125,2522,226,61261.1%
D. Zaslav WBD Common022,597,7440100.0%
G. Wiedenfels WBD Common0349,0420100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jean-Briac PerretteRSU207,244$5,972,772
Priya AiyarOption234,07011.02
David ZaslavOption1,322,48843.33
David ZaslavRSU2,006,98257,841,221
Jean-Briac PerrettePSU967,00827,869,171
Bruce CampbellRSU542,81615,643,944
Priya AiyarRSU109,0763,143,570
Jean-Briac PerretteRSU85,3622,460,133
David ZaslavOption529,61339.3
David ZaslavOption680,06435.65
David ZaslavOption49,53337.43
Jean-Briac PerretteOption46,81411.85
Jean-Briac PerrettePSU414,48711,945,515
Jean-Briac PerretteRSU455,06413,114,944
Bruce CampbellPSU414,48711,945,515
Bruce CampbellPSU174,5215,029,695
Gunnar WiedenfelsRSU455,06413,114,944
Bruce CampbellOption46,81411.85
Bruce CampbellRSU455,06413,114,944
Gunnar WiedenfelsPSU174,5215,029,695
Gunnar WiedenfelsRSU174,5215,029,695
Bruce CampbellOption282,8688.67
David ZaslavOption1,270,18841.27
Gunnar WiedenfelsRSU85,3622,460,133
Gunnar WiedenfelsRSU510,88414,723,665
Gunnar WiedenfelsPSU349,04110,059,362
Priya AiyarPSU218,1516,287,112
Gunnar WiedenfelsOption266,2298.67
Gunnar WiedenfelsRSU152,4474,393,523
Priya AiyarPSU87,2612,514,862
Jean-Briac PerretteRSU46,2551,333,069
Gunnar WiedenfelsRSU43,5341,254,650
Jean-Briac PerretteRSU39,2161,130,205
Bruce CampbellPSU967,00827,869,171
Gunnar WiedenfelsPSU910,12626,229,831
David ZaslavRSU523,56015,088,999
Priya AiyarRSU736,01621,211,981
Jean-Briac PerretteRSU161,9744,668,091
David ZaslavOption379,85437.43
Jean-Briac PerrettePSU174,5215,029,695
David ZaslavOption801,64641.27
David ZaslavOption1,682,08343.33
Jean-Briac PerretteRSU542,81615,643,944
Bruce CampbellOption397,91911.02
David ZaslavRSU1,570,68245,267,055
Bruce CampbellRSU20,816599,917
Gunnar WiedenfelsOption91,41815.02
Gunnar WiedenfelsRSU53,4761,541,178
David ZaslavOption4,179,75510.16
David ZaslavOption4,179,75610.16
Jean-Briac PerretteOption397,91911.02
Jean-Briac PerretteOption282,8688.67
Gunnar WiedenfelsOption374,51211.02
Bruce CampbellOption97,13115.02
Jean-Briac PerretteOption97,13115.02
David ZaslavOption1,065,92637.43
David ZaslavOption1,401,91739.3
David ZaslavOption8,359,51010.16
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy is to pay for performance, encourage excellence, retain our high-performing executive talent across the blended organization and reward executives who deliver.

CEO STI target (% of salary)733%
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-09244,543,7431,313,562,6777,198,96815.62%Failed
20252025-06-02724,453,0041,063,214,1285,690,08940.4%Failed
20242024-06-03916,077,442793,655,7907,157,09953.36%Passed
20232023-05-08795,285,562770,612,6287,193,10550.79%Passed
20202020-06-18153,741,43398,815,485579,25760.73%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0915.62%a
20252025-06-0240.4%b
20242024-06-0353.36%c

a. Approved under the standard stated in the filing — “The affirmative vote of a majority of the outstanding shares of common stock present virtually or by proxy and entitled to vote on Proposal Three is required to approve Proposal Three.”.

b. Approved under the standard stated in the filing — “■ Abstentions will have the same effect as a vote "AGAINST" this proposal;”.

c. Approved under the standard stated in the filing — “■ Abstentions will have the same effect as a vote "AGAINST" this proposal;”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)1,378 : 1
CEO total compensation$165,009,366
Median employee compensation$119,748
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Samuel A. Di Piazza JrIndependent · Board Chair · Audit$300,000$238,590$0$0$538,590
Joseph M. LevinIndependent · Nominating and Corporate Governance (Chair) · Partial-year service · Newly elected126,250345,61600471,866
Anthony J. NotoIndependent · Nominating and Corporate Governance · Partial-year service · Newly elected115,000345,66300460,663
Paula A. PriceIndependent · Audit (Chair)145,000238,611020,000403,611
Richard W. FisherIndependent · Compensation · Nominating and Corporate Governance135,000238,560020,000393,560
Paul A. GouldIndependent · Compensation (Chair) · Nominating and Corporate Governance150,000238,56000388,560
Kenneth W. LoweIndependent · Audit · Compensation145,000238,56000383,560
Fazal F. MerchantIndependent · Audit · Nominating and Corporate Governance135,000238,56000373,560
Daniel E. SanchezIndependent · Audit125,000238,56000363,560
Debra L. LeeIndependent · Compensation125,000238,56000363,560
Geoffrey Y. YangIndependent · Compensation125,000238,56000363,560
Anton J. LevyIndependent · Audit · Partial-year service · Newly elected101,250238,56000339,810
John C. MaloneIndependent · Not standing for re-election · Departed during FY65,00000065,000
Steven MironIndependent · Departed during FY36,250000036,250
Steven NewhouseIndependent · Departed during FY33,750000033,750
L. ChenIndependent · Departed during FY28,75000028,750
David M. ZaslavEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$105,000
Annual equity retainer$240,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)40,000 / 35,000 / 25,000
Stock ownership guideline$525,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,891,250
Equity awards (grant-date value)$3,076,960
All other compensation$40,000
Total cost of the board$5,008,210

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Warner Bros. Discovery names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Warner Bros. Discovery.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Warner Bros. Discovery2025David Zaslav$3,000,000$22,597,744$109,593,181$25,726,018$165,009,366
2Netflix, Inc.2025Ted Sarandos3,000,00041,398,42407,053,95853,905,972
3The Walt Disney Company2025Robert Iger1,000,00021,000,05714,000,0067,250,00045,842,574
4Liberty Global Ltd.2025Michael Fries3,000,00018,042,057013,000,00037,717,946
5Comcast Corporation2025Brian Roberts2,600,96223,473,07608,583,17535,148,413
6Fox Corporation2025Lachlan Murdoch3,000,00010,594,8602,750,00010,680,00032,980,954
7Electronic Arts Inc.2025Andrew Wilson1,300,00025,710,91002,840,06730,529,835
8Meta Platforms, Inc.2025Mark Zuckerberg100025,125,904
9Sirius XM Holdings, Inc.2025Jennifer Witz2,000,000006,000,0008,012,795
10Charter Communications, Inc.2025Christopher Winfrey1,823,846004,263,1466,466,193
Paramount Globalnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Warner Bros. Discovery116.9%PSU 100NoPay Governance
Charter Communications, Inc.94.3%Options 90 · RSU 10not disclosedSemler Brossy Consulting Group, LLC
Comcast Corporation110%PSU 100Yes — Relative TSR ModifierKorn Ferry
Electronic Arts Inc.87.4%PSU 60 · RSU 40Yes — Absolute TSRSemler Brossy
Fox Corporation178%RSU 50 · Options 25 · PSU 25YesFW Cook
Liberty Global Ltd.112.2%PSU 70 · RSU 20 · LTIP Units 10NoThe Croner Company
Meta Platforms, Inc.115%RSU 100not disclosedCompensia, Inc.
Netflix, Inc.117.57%PSU 50 · RSU 50Yes — Company TSR relative to the TSR of the companies in the S&P 500Compensia
Paramount Global164.2%PSU 50 · RSU 50NoClearBridge
Sirius XM Holdings, Inc.102%not disclosedNoMeridian Compensation Partners, LLC
The Walt Disney Company144.4%PSU 60 · Options 40Yes — TSR performance relative to the S&P 500 Media & Entertainment IndexPay Governance LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, David ZaslavDEF 14A2026-04-300001437107-26-000046Section “2025 Summary Compensation Table”. As printed: 165,009,366. Filing ↗machine: span 1634526–1634537
2Section 01, Priya AiyarDEF 14A2026-04-300001437107-26-000046Section “2025 Summary Compensation Table”. As printed: 23,259,047. Filing ↗machine: span 1649222–1649232
3Section 01, Jean-Briac PerretteDEF 14A2026-04-300001437107-26-000046Section “2025 Summary Compensation Table”. As printed: 22,526,697. Filing ↗machine: span 1660571–1660581
4Section 01, Bruce CampbellDEF 14A2026-04-300001437107-26-000046Section “2025 Summary Compensation Table”. As printed: 22,263,133. Filing ↗machine: span 1652377–1652387
5Section 01, Gunnar WiedenfelsDEF 14A2026-04-300001437107-26-000046Section “2025 Summary Compensation Table”. As printed: 17,674,762. Filing ↗machine: span 1641870–1641880
6Section 03, David Zaslav PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r5 · c23 · span 1716568–1716577
7Section 03, Priya Aiyar PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r19 · c21 · span 1753343–1753352
8Section 03, Jean-Briac Perrette OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r31 · c22 · span 1787024–1787033
9Section 03, David Zaslav OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r9 · c22 · span 1728255–1728265
10Section 03, David Zaslav PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r4 · c23 · span 1713271–1713280
11Section 03, David Zaslav PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r6 · c23 · span 1719867–1719877
12Section 03, David Zaslav OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r7 · c22 · span 1722663–1722673
13Section 03, David Zaslav OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r10 · c22 · span 1731051–1731061
14Section 03, David Zaslav OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r8 · c22 · span 1725459–1725469
15Section 03, Priya Aiyar RSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r21 · c21 · span 1758970–1758980
16Section 03, Priya Aiyar RSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r18 · c21 · span 1750235–1750244
17Section 03, Jean-Briac Perrette PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r34 · c21 · span 1795759–1795768
18Section 03, Jean-Briac Perrette RSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r36 · c21 · span 1801069–1801076
19Section 03, Gunnar Wiedenfels PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r13 · c21 · span 1737200–1737209
20Section 03, Bruce Campbell OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r23 · c22 · span 1764369–1764378
21Section 03, Bruce Campbell RSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r28 · c21 · span 1778414–1778421
22Section 03, Gunnar Wiedenfels OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t232 · r5 · c8 · span 1640706–1640715
23Section 03, Gunnar Wiedenfels RSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r13 · c21 · span 1737200–1737209
24Section 03, Gunnar Wiedenfels PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r14 · c22 · span 1739816–1739825
25Section 03, Priya Aiyar OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t232 · r8 · c8 · span 1647882–1647891
26Section 03, Priya Aiyar PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r20 · c21 · span 1756450–1756457
27Section 03, Bruce Campbell OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r27 · c22 · span 1775897–1775904
28Section 03, Bruce Campbell RSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r24 · c21 · span 1766886–1766895
29Section 03, Bruce Campbell PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r25 · c21 · span 1769996–1770005
30Section 03, Bruce Campbell PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r26 · c21 · span 1773104–1773113
31Section 03, Bruce Campbell PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r29 · c22 · span 1781629–1781636
32Section 03, Jean-Briac Perrette RSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r32 · c21 · span 1789541–1789550
33Section 03, Jean-Briac Perrette PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r33 · c21 · span 1792651–1792660
34Section 03, Jean-Briac Perrette PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r37 · c22 · span 1804284–1804291
35Section 03, Jean-Briac Perrette OPTIONDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r35 · c22 · span 1798552–1798559
36Section 03, D. Zaslav WBD Common PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r4 · c23 · span 1713271–1713280
37Section 03, D. Zaslav WBD Common PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r5 · c23 · span 1716568–1716577
38Section 03, D. Zaslav WBD Common PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r6 · c23 · span 1719867–1719877
39Section 03, G. Wiedenfels WBD Common PSUDEF 14A2026-04-300001437107-26-000046Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t238 · r15 · c13 · span 1741609–1741616
40Section 07, pay ratioDEF 14A2026-04-300001437107-26-000046Section “CEO Pay Ratio”. As printed: 1378 : 1. Filing ↗machine: span 2404661–2404666
41Section 08, Samuel A. Di Piazza JrDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 538,590. Filing ↗machine: r3 · c10 · span 828956–828963
42Section 08, Joseph M. LevinDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 471,866. Filing ↗machine: t116 · r7 · c10 · span 836491–836498
43Section 08, Anthony J. NotoDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 460,663. Filing ↗machine: t116 · r12 · c10 · span 846214–846221
44Section 08, Paula A. PriceDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 403,611. Filing ↗machine: t116 · r13 · c10 · span 848546–848553
45Section 08, Richard W. FisherDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 393,560. Filing ↗machine: t116 · r4 · c10 · span 831034–831041
46Section 08, Paul A. GouldDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 388,560. Filing ↗machine: t116 · r5 · c10 · span 832610–832617
47Section 08, Kenneth W. LoweDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 383,560. Filing ↗machine: t116 · r9 · c10 · span 840143–840150
48Section 08, Fazal F. MerchantDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 373,560. Filing ↗machine: t116 · r11 · c10 · span 843810–843817
49Section 08, Daniel E. SanchezDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 363,560. Filing ↗machine: t116 · r14 · c10 · span 850374–850381
50Section 08, Debra L. LeeDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 363,560. Filing ↗machine: t116 · r6 · c10 · span 834434–834441
51Section 08, Geoffrey Y. YangDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 363,560. Filing ↗machine: t116 · r15 · c10 · span 852231–852238
52Section 08, Anton J. LevyDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 339,810. Filing ↗machine: t116 · r8 · c10 · span 838568–838575
53Section 08, John C. MaloneDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 65,000. Filing ↗machine: t116 · r10 · c1 · span 840740–840746
54Section 08, Steven MironDEF 14A2026-02-170001104659-26-016573Section “Director Compensation”. As printed: 36,250. Filing ↗
55Section 08, Steven NewhouseDEF 14A2026-02-170001104659-26-016573Section “Director Compensation”. As printed: 33,750. Filing ↗
56Section 08, L. ChenDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 28,750. Filing ↗machine: t116 · r2 · c1 · span 825149–825155
57Section 08, David M. ZaslavDEF 14A2026-04-300001437107-26-000046Section “Director Compensation”. As printed: 0. Filing ↗
58Section 02, Paula A. Price 2026-06-04Form 42026-06-080001437107-26-000061Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Anthony J. Noto 2026-06-09Form 42026-06-110001613438-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Joseph M. Levin 2026-06-09Form 42026-06-110001437107-26-000065Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Richard W. Fisher 2026-06-09Form 42026-06-110001287510-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Kenneth W. Lowe 2026-06-09Form 42026-06-110001186933-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Paul A. Gould 2026-06-09Form 42026-06-110001018211-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Samuel A. Di Piazza Jr 2026-06-09Form 42026-06-110001478420-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Anton J. Levy 2026-06-09Form 42026-06-110001396681-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Daniel E. Sanchez 2026-06-09Form 42026-06-110001567395-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Geoffrey Y. Yang 2026-06-09Form 42026-06-110001201592-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Fazal F. Merchant 2026-06-09Form 42026-06-110001554904-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Debra L. Lee 2026-06-09Form 42026-06-110001437107-26-000063Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Paula A. Price 2026-06-09Form 42026-06-110001369240-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, David Zaslav 2026-06-12Form 42026-06-160001318285-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Anthony J. Noto 2026-06-30Form 42026-07-010001613438-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, David Zaslav 2026-07-13Form 42026-07-150001318285-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, David Zaslav 2026-07-13Form 42026-07-150001318285-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, David Zaslav 2026-07-13Form 42026-07-150001318285-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, David Zaslav 2026-07-13Form 42026-07-150001318285-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
77Section 06, 2026 voteForm 8-K2026-06-120001193125-26-268519Item 5.07 · say-on-pay result. As reported: 15.62% (votes for as printed: 244,543,743). Filing ↗
78Section 06, 2025 voteForm 8-K2025-06-030001437107-25-000102Item 5.07 · say-on-pay result. As reported: 40.4% (votes for as printed: 724,453,004). Filing ↗
79Section 06, 2024 voteForm 8-K2024-06-070001437107-24-000121Item 5.07 · say-on-pay result. As reported: 53.36% (votes for as printed: 916,077,442). Filing ↗
80Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
81Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
82Section 09b board cost (computed)ComputedcomputedCash 1,891,250 + equity 3,076,960 + all other 40,000 = 5,008,210, summed across the director compensation table rows.machine: formula: Σ = 5,008,210
83Warner Bros. Discovery (subject), Section 10b CEO totalDEF 14A2026-04-300001437107-26-000046CEO total compensation as printed in Warner Bros. Discovery's own proxy. As printed: 165,009,366. Filing ↗machine: span 1634526–1634537
84Netflix, Inc., Section 10b CEO totalDEF 14A2026-04-160001193125-26-159286CEO total compensation as printed in Netflix, Inc.'s own proxy. As printed: 53,905,972. Filing ↗machine: r3 · c30 · span 622677–622687
85The Walt Disney Company, Section 10b CEO totalDEF 14A2026-01-220001744489-26-000013CEO total compensation as printed in The Walt Disney Company's own proxy. As printed: 45,842,574. Filing ↗machine: r3 · c27 · span 1324221–1324231
86Liberty Global Ltd., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191485CEO total compensation as printed in Liberty Global Ltd.'s own proxy. As printed: 37,717,946. Filing ↗machine: t136 · r2 · c35 · span 584468–584478
87Comcast Corporation, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177138CEO total compensation as printed in Comcast Corporation's own proxy. As printed: 35,148,413. Filing ↗machine: r4 · c25 · span 1522252–1522262
88Fox Corporation, Section 10b CEO totalDEF 14A2025-09-250001628280-25-042772CEO total compensation as printed in Fox Corporation's own proxy. As printed: 32,980,954. Filing ↗machine: span 656057–656067
89Electronic Arts Inc., Section 10b CEO totalDEF 14A2025-06-240001308179-25-000556CEO total compensation as printed in Electronic Arts Inc.'s own proxy. As printed: 30,529,835. Filing ↗machine: t128 · r2 · c14 · span 604029–604039
90Meta Platforms, Inc., Section 10b CEO totalDEF 14A2026-04-160001628280-26-025532CEO total compensation as printed in Meta Platforms, Inc.'s own proxy. As printed: 25,125,904. Filing ↗machine: r2 · c36 · span 652962–652972
91Sirius XM Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041777CEO total compensation as printed in Sirius XM Holdings, Inc.'s own proxy. As printed: 8,012,795. Filing ↗machine: r2 · c53 · span 986498–986507
92Charter Communications, Inc., Section 10b CEO totalDEF 14A2026-03-120001140361-26-009220CEO total compensation as printed in Charter Communications, Inc.'s own proxy. As printed: 6,466,193. Filing ↗machine: r2 · c28 · span 716263–716272
93Section 10a, The Walt Disney Company reciprocityDEF 14A0001744489-26-000013The Walt Disney Company names Warner Bros. Discovery in its own disclosed peer group (read from its most recent proxy). Filing ↗
94Section 10a, Electronic Arts Inc. reciprocityDEF 14A0001308179-25-000556Electronic Arts Inc. names Warner Bros. Discovery in its own disclosed peer group (read from its most recent proxy). Filing ↗
95Section 10a, Meta Platforms, Inc. reciprocityDEF 14A0001628280-26-025532Meta Platforms, Inc.'s most recent proxy was read; its disclosed peer group does not include Warner Bros. Discovery. Filing ↗
96Section 10a, Charter Communications, Inc. reciprocityDEF 14A0001140361-26-009220Charter Communications, Inc. names Warner Bros. Discovery in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, Fox Corporation reciprocityDEF 14A0001628280-25-042772Fox Corporation names Warner Bros. Discovery in its own disclosed peer group (read from its most recent proxy). Filing ↗
98Section 10a, Paramount Global reciprocityDEF 14A0001140361-25-021135Paramount Global names Warner Bros. Discovery in its own disclosed peer group (read from its most recent proxy). Filing ↗
99Section 10a, Sirius XM Holdings, Inc. reciprocityDEF 14A0001104659-26-041777Sirius XM Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Warner Bros. Discovery. Filing ↗
100Section 10a, Netflix, Inc. reciprocityDEF 14A0001193125-26-159286Netflix, Inc. names Warner Bros. Discovery in its own disclosed peer group (read from its most recent proxy). Filing ↗
101Section 10a, Comcast Corporation reciprocityDEF 14A0001193125-26-177138Comcast Corporation names Warner Bros. Discovery in its own disclosed peer group (read from its most recent proxy). Filing ↗