Warner Music (WMG) Director Cecelia Kurzman Receives 84-Share Award

What Happened

• Cecelia Kurzman, a director of Warner Music Group Corp. (WMG), was granted/acquired 84 shares on 2026-09-01. The transaction is reported as an award/acquisition (code A) at $0.00 per share, total reported value $0.00. This was an award/compensation event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (filed within the standard two-business-day window).
• Transaction type/price: Grant/award (code A), 84 shares at $0.00 per share (acquired).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 notes dividend equivalent rights accrued on outstanding deferred share units; F2 indicates the amount includes deferred share units.
• No indication of a 10b5-1 plan, sale, gift, or tax-withholding event in this transaction.

Context

• Deferred share units and dividend equivalents are commonly used as director compensation and represent non-cash awards that may settle in stock or cash later; they do not necessarily signal the insider's view to buy or sell stock.
• Because this was an award (not a purchase or sale), it should be treated as routine compensation unless further filings indicate disposition or sale.