Form 4: Warner Bros. Discovery CFO Gunnar Wiedenfels Reports Stock Disposal
SEC Form 4 Filing
Gunnar Wiedenfels, CFO of Warner Bros. Discovery, disposed of 43,577 shares of Series A Common Stock on March 6, 2024, to cover tax obligations.
Summary
- Gunnar Wiedenfels, the Chief Financial Officer of Warner Bros. Discovery, reported a transaction involving Series A Common Stock on March 6, 2024.
- He disposed of 43,577 shares at a price of $8.41 per share to satisfy tax obligations.
- Following the transaction, Wiedenfels directly owns 1,361,534 shares of Series A Common Stock.
- He also indirectly owns 14,140 shares as custodian and 13,045 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by the CFO, which is not uncommon for covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The disposal of shares by the CFO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of the stock disposal transaction |
| 03/08/2024 | Date of signature on the Form 4 filing |
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