David Zaslav, president and CEO of Warner Bros. Discovery, offered simply over $30 million price of his inventory holdings within the media conglomerate.
Zaslav offered 2.564 million shares of WBD Series A typical inventory on Dec. 16 at a mean weighted worth of $11.73/share, totaling $30,075,720, based on an SEC submitting Wednesday. Zaslav acquired the shares between Feb. 21, 2014, and Feb. 28, 2022, as a part of his compensation. The exec offered shares “in connection with year-end income tax and gift/estate planning activities,” based on the submitting.
Following the sale, Zaslav owns 3.45 million shares of Warner Bros. Discovery, presently price greater than $38 million.
In 2023, Zaslav’s pay package deal was price $49.7 million, up 26.5% from the 12 months prior, based on the corporate’s 2024 proxy assertion. His compensation totaled $39.3 million in 2022, after he acquired an astonishing $246.6 million in 2021 (an quantity that included $203 million in stock-option grants).
For 2023, Zaslav had a base wage of $3 million, inventory awards valued at $23.1 million, a money bonus of $22 million and $1.6 million in different compensation (together with $705,182 for private safety providers and $767,908 for his private use of the corporate’s personal jet).