Form 4: Warner Bros. Discovery Director Samuel A. Di Piazza Jr. Acquires Shares in Lieu of Cash Retainer

Director Samuel A. Di Piazza Jr. acquired 10,753 shares of Warner Bros. Discovery Series A Common Stock on June 28, 2024, in lieu of a quarterly cash retainer.

Summary

• On June 28, 2024, Samuel A. Di Piazza Jr., a director of Warner Bros. Discovery, Inc., acquired 10,753 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 125,405 shares of Series A Common Stock.
• Additionally, Mr. Di Piazza's spouse indirectly owns 3,443 shares of Series A Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation. The director taking shares instead of cash is a mildly positive signal.

Positives

• The director's decision to take shares in lieu of cash may signal confidence in the company's future performance.

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This is a common practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates