Warner Bros. Discovery Inc. has announced new employment agreements with CEO David Zaslav and CFO Gunnar Wiedenfels. Under the Zaslav Agreement, Zaslav received a special grant of stock options to purchase 20,898,776 shares of the company's common stock, with 92% of these options subject to forfeiture if certain conditions aren't met by December 31, 2026. The options are divided into two categories: 40% are time-based, vesting over five years, and 60% are performance-based, contingent on stock price goals being achieved by June 12, 2030. This new compensation package aims to align Zaslav's incentives with long-term shareholder value creation, incorporating stockholder feedback and industry benchmarks.
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