Noto Anthony 4

What Happened Anthony Noto, a director of Warner Bros. Discovery, received 1,063 shares of WBD common stock on 2026-03-27 as an award/compensation (transaction code A). The Form 4 records the acquisition price as $0 (reporting convention); the shares were issued in lieu of his quarterly cash retainer.

Key Details

• Transaction date: 2026-03-27; Form 4 filed: 2026-03-30 (Accession 0001437107-26-000036).
• Transaction type/code: Award/Acquisition (A).
• Shares received: 1,063; reported acquisition price: $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — Mr. Noto elected to receive shares of common stock in lieu of his quarterly cash retainer.
• Filing status: Form 4 was filed on 2026-03-30 reporting the 3/27 transaction (no late-filing indicator in the excerpt).

Context This was a routine director compensation award (stock issued instead of cash), a common form of non-cash pay for board members. Such awards are generally administrative and do not by themselves indicate insider sentiment (unlike open-market purchases or sales). The $0 acquisition value is a reporting entry; the actual economic value equals the market price of WBD shares on or after the grant date.