Perrette Jean-Briac 4
4 · Warner Bros. Discovery, Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Warner Bros. Discovery (WBD) CEO Perrette Jean‑Briac Receives Stock Award
What Happened
Perrette Jean‑Briac, President & CEO, Global Streaming at Warner Bros. Discovery, reported two award acquisitions on 2026-02-24 totaling 725,792 performance‑based restricted stock units (PRSUs): 270,728 shares (reported at $0.00) and 455,064 shares (reported at $0.00). These were not market purchases or sales but awards that vested/earned based on company performance metrics; no cash changed hands for the award shares.
Key Details
- Transaction dates and prices: 2026-02-24; 270,728 shares @ $0.00 and 455,064 shares @ $0.00 (total 725,792 shares).
- Grant origins: 270,728 shares are the incremental portion of a 3/1/2023 PRSU grant after a TSR modifier; 455,064 shares are from a 3/1/2024 PRSU grant earned at 200% of target based on 2024–2025 free cash flow.
- Certification: WBD Compensation Committee certified TSR results and FCF performance on 2/24/2026.
- Shares owned after transaction: not specified in the provided Form 4.
- Filing timeliness: Form 4 filed 2026-02-26 for the 2/24/2026 vesting — within the standard 2-business‑day reporting window.
- Other: These are performance‑based awards (PRSUs); no sale, purchase, or tax‑withholding details were reported in the supplied notes.
Context
PRSUs vest only if pre-set performance targets are met; here the awards were earned based on free cash flow targets and a TSR modifier relative to the S&P 500 M&E Index. Awards reported at $0 per share reflect issuance/vesting, not open‑market activity—such filings document insider holdings changes but do not necessarily indicate a personal buy or sell decision.
Insider Transaction Report
- Award
Series A Common Stock
[F1]2026-02-24+270,728→ 1,766,518 total - Award
Series A Common Stock
[F2]2026-02-24+455,064→ 2,221,582 total
Footnotes (2)
- [F1]These shares represent PRSUs originally granted to the reporting person ("RP") on 3/1/2023. On 2/26/2024, based on WBD's 2023 free cash flow performance, the WBD Compensation Committee ("CC") determined that target performance had been achieved and the RP filed a Form 4 reporting 272,088 shares (100% of target) as earned. This 3/1/2023 grant was also subject to a 3-year TSR modifier. On 2/24/2026, based on WBD's TSR performance relative to the S&P 500 M&E Index over the 2023-2025 period, the CC certified that the 3/1/2023 grant should vest at 199.5% of target (for an aggregate of 542,816 shares). This Form 4 is reporting the incremental 270,728 shares as earned.
- [F2]These shares represent PRSUs granted to the RP on 3/1/2024 and were earned based solely on WBD's 2024 and 2025 free cash flow ("FCF") performance in relation to a pre-established target. On 2/24/2026, the CC certified that WBD's 2025 FCF performance was significantly above the established target, resulting in these PRSUs being earned at 200% of target.