Form 4: Warner Bros. Discovery Director Acquires Shares in Lieu of Cash Retainer
SEC Form 4 Filing
Samuel A. Di Piazza Jr., a director of Warner Bros. Discovery, acquired 9,164 shares of Series A Common Stock on March 28, 2024, in lieu of a quarterly cash retainer.
Summary
- On March 28, 2024, Samuel A. Di Piazza Jr., a director of Warner Bros. Discovery, acquired 9,164 shares of Series A Common Stock.
- The acquisition was made in lieu of a quarterly cash retainer payable to him for his services as a director.
- Following the transaction, Mr. Di Piazza directly owns 87,952 shares of Series A Common Stock.
- Mr. Di Piazza also indirectly owns 3,443 shares through his spouse.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.
Positives
- A director's decision to take shares in lieu of cash may signal confidence in the company's future prospects.
Industry Context
Directors receiving stock in lieu of cash compensation is a fairly common practice, particularly in larger companies. It aligns the director's interests with those of the shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Samuel A. Di Piazza Jr. acquired shares of Series A Common Stock. |
| 04/01/2024 | Date of signature by Tara L. Smith, Attorney-in-Fact. |
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