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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.