Warner Bros. Discovery granted CEO Zaslav 20,898,776 stock options in a June 2025 employment deal

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Warner Bros. Discovery and its subsidiary Discovery Communications signed employment agreements on Jun 12, 2025 with CEO David Zaslav and CFO Gunnar Wiedenfels, the company said in an 8-K, a US company's report of a material event. Zaslav's agreement gave him 20,898,776 stock options with an exercise price of $10.16; 92% of them were to be forfeited unless the company's planned split into two public companies, a sale of its Streaming & Studios division, or a change in control of the company happened before Dec 31, 2026. Wiedenfels' agreement was to take effect only if the split was completed, when he was to become CEO of the Global Networks business, with a base salary of $2,500,000 a year. The 8-K, which reports events from Jun 12, 2025, is on the SEC's EDGAR database.1^,2^,3^,4^,5^,6^,7^,8^,9