Form 4: Warner Bros. Discovery Director Acquires Shares in Lieu of Cash Retainer

Samuel A. Di Piazza Jr., a director of Warner Bros. Discovery, acquired shares of Series A Common Stock in lieu of a quarterly cash retainer.

Summary

• On March 31, 2025, Samuel A. Di Piazza Jr., a director of Warner Bros. Discovery, acquired 6,990 shares of Series A Common Stock.
• The acquisition was made in lieu of a quarterly cash retainer for his services as a director.
• Following the transaction, Mr. Di Piazza directly owns 166,922 shares of Series A Common Stock.
• He also indirectly owns 3,443 shares through his spouse.

Sentiment

Score: 6

Explanation: The document is a routine SEC filing detailing a director's stock acquisition. It's neutral in sentiment, reflecting standard corporate governance practices.

Positives

• A director's decision to take shares instead of cash may signal confidence in the company's future.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, especially 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

Keywords

Warner Bros. Discovery, Director, Share Acquisition, Series A Common Stock, SEC Form 4, Beneficial Ownership, Samuel A. Di Piazza Jr.