Kurzman Cecelia 4

What Happened

• Cecelia Kurzman, a director of Warner Music Group Corp. (WMG), was granted/acquired 6,186 shares on March 4, 2026. The Form 4 reports an acquisition price of $0.00 (an award/RSU-type grant), so no cash was paid per the filing. The filing also notes 140 previously unreported shares earned as dividends on RSUs granted March 4, 2025.

Key Details

• Transaction date: 2026-03-04; filing date: 2026-03-06 (filed within the typical two-business-day Form 4 window).
• Transaction type/code: A (award/grant or other acquisition); shares acquired: 6,186; reported price: $0.00.
• Shares beneficially owned following the transaction: not specified in the provided filing details.
• Footnote: Includes restricted shares and restricted stock units; includes 140 previously unreported dividend shares from RSUs granted 3/4/2025.
• No indication in the filing of a 10b5-1 plan, tax withholding sale, or late filing.

Context

• This was an award of restricted stock/RSUs (compensation), not an open-market purchase or sale. Such grants are common for directors and reflect compensation rather than an outright market bet; the $0 acquisition price reflects the award nature even though the shares have market value.