Perrette Jean-Briac 4

What Happened
Perrette Jean‑Briac, President & CEO, Global Streaming at Warner Bros. Discovery (WBD), had 476,466 shares disposed on 2026-02-27 to satisfy tax liabilities (code F) at $28.17 per share, totaling $13,422,047. She was later credited with an award of 165,957 shares on 2026-03-02 (code A), recorded at $0.00 because it’s an equity grant rather than a cash purchase.

Key Details

• Transaction dates and amounts:
  • 2026-02-27 — 476,466 shares disposed (tax withholding), $28.17 per share, $13,422,047 total (code F).
  • 2026-03-02 — 165,957 shares acquired as an award, $0.00 per share (code A).
• Shares owned after the transactions: not specified in the provided filing excerpt (see Form 4 for post-transaction holdings).
• Notable footnotes: the February disposition is tax withholding (common when RSUs vest or options are exercised); no 10b5-1 trading plan or other special instructions are indicated in the summary provided.
• Filing: Form 4 filed 2026-03-03 (accession 0001600595-26-000004). The filing date is listed on the form; no late‑filing flag was provided in the material you shared.

Context
The February transaction appears to be a routine tax‑withholding event (shares surrendered/withheld to cover tax obligations), not necessarily an open‑market sale that signals a view on the stock. The March entry is an equity award (likely RSUs vesting or similar). Such internal withholding and vesting are common for executives and typically reflect compensation mechanics rather than a buy/sell investment decision.