Form 4: Warner Bros. Discovery Executive Reports Stock Disposal
SEC Filing
Bruce Campbell, Chief Revenue & Strategy Officer at Warner Bros. Discovery, reports disposing of shares to cover tax obligations.
Summary
- Bruce Campbell, Chief Revenue & Strategy Officer of Warner Bros. Discovery, filed a Form 4 with the SEC.
- The report details a transaction on February 28, 2024, where 7,950 shares of Series A Common Stock were disposed of at a price of $8.71.
- Following the transaction, Campbell directly owns 923,420 shares.
- Campbell also indirectly owns 209,700 shares through his spouse as trustee for children and 145,418 shares through an LLC via a grantor retained annuity trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction by an executive, which is neutral in sentiment.
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 an executive, which could be for various reasons, including tax obligations or portfolio diversification.
Stakeholder Impact
- The stock disposal could have a minor impact on shareholders, depending on the reason for the sale and the overall market perception.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock disposal transaction |
| 03/01/2024 | Date of signature on the report |
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