Kurzman Cecelia 4

What Happened

• Cecelia Kurzman, a director of Warner Music Group Corp. (WMG), was issued 38 shares as an award on 2026-06-02. The reported acquisition price is $0.00, so no cash changed hands and the reported value of this grant is $0.
• This transaction is an award/grant (code A) rather than a purchase or sale and typically reflects compensation or settlement of deferred share units rather than an outright market buy.

Key Details

• Transaction date and price: 2026-06-02; 38 shares acquired at $0.00 per share.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes: F1 indicates dividend equivalent rights accrued on outstanding deferred share units; F2 notes the amount includes deferred share units.
• Filing timeliness: Form 4 was filed on 2026-06-04 (two days after the transaction), which is within the typical two-business-day reporting window.

Context

• This was an equity award (likely related to deferred share units and accrued dividend equivalents), not a market purchase — such awards are common for directors as compensation and don't necessarily signal insider buying or selling intent.
• For retail investors, awards signal company compensation practices but are less informative about an insider's view of the stock than open-market purchases or sales.