Perrette Jean-Briac 4

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.