David Zaslav Latest Media CEO To Unload Shares At Year End, Sells $30 Million-Worth Of Stock For Tax, Estate Planning
deadline.comWarner Bros. Discovery CEO David Zaslav just sold about $30 million worth of stock, or some 2.6 million shares, in connection with “year-end income tax and gift/estate planning purposes.” He unloaded the shares starting Dec.
16 for an average price of $11.73, according to an SEC filing. Zaslav’s holdings post-sale are 3.45 million WBD shares, worth over $38 million.
The WBD chief also holds over 20 million stock options, some exercisable, some not, according to the April proxy statement on outstanding equity awards at the end of 2023.
So the sale doesn’t reflect a significant chunk of his holdings. In any case, he will get more. Zaslav and other media CEOs usually receive some combination of stock or option grants or both as part of their annual compensation packages.
Read more on deadline.com
