Dubuc Nancy 4

What Happened
Nancy Dubuc, a director of Warner Music Group (WMG), was granted 38 shares on 2026-06-02 recorded as an "award/acquisition" on Form 4. The reported acquisition price is $0.00 (total reported value $0). Footnotes indicate these shares reflect dividend-equivalent rights accrued on outstanding restricted stock units and include restricted stock units.

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (timely filing).
• Shares acquired: 38; Price per share: $0.00; Reported total value: $0.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = dividend-equivalent rights accrued on outstanding RSUs; F2 = includes restricted stock units.
• Transaction type code: A (award/grant/acquisition). No indication of a sale or cashless exercise.

Context
Director awards credited as dividend equivalents on RSUs are common compensation mechanics and are not the same as an open-market purchase or sale; they do not necessarily signal a change in insider sentiment. The award is small in size (38 shares); investors wanting a fuller picture should check prior and subsequent Form 4s for total holdings and other insider transactions.