4//SEC Filing
Lousada Max 4
Accession 0000950170-24-104135
CIK 0001319161other
Filed
Sep 4, 8:00 PM ET
Accepted
Sep 5, 6:01 PM ET
Size
10.2 KB
Accession
0000950170-24-104135
Insider Transaction Report
Form 4
Lousada Max
DirectorCEO, Recorded Music
Transactions
- Sale
Class A Common Stock
2024-09-03$28.25/sh−64,047$1,809,328→ 2,909,422 total - Sale
Class A Common Stock
2024-09-04$28.21/sh−48,134$1,357,860→ 2,861,288 total - Sale
Class A Common Stock
2024-09-05$28.17/sh−135,324$3,812,077→ 2,725,964 total
Footnotes (6)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.51, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]Includes 934,467 shares of the Issuer's Class A Common Stock issued to the reporting person on August 26, 2024 in redemption of the reporting person's 1,048,784 Class B Units of WMG Management Holdings, LLC, after taking into account a number of shares of Class B Common Stock having a value equal to $3,343,758 on the date of such redemption, which is the sum of the benchmark amounts of the Class B Units redeemed.
- [F3]Includes restricted stock units.
- [F4]Includes 1,738,018 vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan. These Deferred Equity Units will be settled for shares of the Issuer's Class A Common Stock on a one-for-one basis by no later than December 31, 2025. Upon such settlement, the corresponding Deferred Equity Units will be cancelled.
- [F5]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.10 to $28.36, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (5) to this Form 4.
- [F6]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.10 to $28.27, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (6) to this Form 4.
Documents
Issuer
Warner Music Group Corp.
CIK 0001319161
Entity typeother
Related Parties
1- filerCIK 0001807479
Filing Metadata
- Form type
- 4
- Filed
- Sep 4, 8:00 PM ET
- Accepted
- Sep 5, 6:01 PM ET
- Size
- 10.2 KB