Form 4: Warner Bros. Discovery CFO Gunnar Wiedenfels Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of Warner Bros. Discovery, Gunnar Wiedenfels, reports acquisition and disposal of Series A Common Stock and Employee Stock Options.
Summary
- Gunnar Wiedenfels, the Chief Financial Officer of Warner Bros. Discovery, filed a Form 4 detailing changes in beneficial ownership.
- On February 28, 2025, Wiedenfels disposed of 78,928 shares of Series A Common Stock at a price of $11.46 per share.
- On March 3, 2025, he acquired 174,521 shares of Series A Common Stock at $0.
- Following these transactions, Wiedenfels directly owns 1,432,407 shares of Series A Common Stock.
- He also indirectly owns 14,140 shares as custodian and 13,045 shares through his spouse.
- Additionally, Wiedenfels acquired 374,512 Employee Stock Options with an exercise price of $11.02 on March 3, 2025, which vest in three installments beginning March 3, 2026, and expire on March 3, 2032.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by a company insider, with no inherently positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transactions may provide insights to stakeholders regarding management's perspective on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Disposal of 78,928 shares of Series A Common Stock at $11.46 per share. |
| 03/03/2025 | Acquisition of 174,521 shares of Series A Common Stock at $0 and acquisition of 374,512 Employee Stock Options at $11.02. |
| 03/03/2026 | First vesting date (33%) for Employee Stock Options. |
| 03/03/2032 | Expiration date for Employee Stock Options. |
| 03/04/2025 | Date of signature by power of attorney. |
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