David Zaslav Most up-to-date Media CEO To Dump Shares At 300 and sixty five days Discontinuance, Sells $30 Million-Worth Of Stock For Tax, Estate Planning
Warner Bros. Discovery CEO David Zaslav staunch supplied about $30 million worth of stock, or some 2.6 million shares, in reference to “year-cease profits tax and gift/estate planning purposes.”
He unloaded the shares starting Dec. 16 for an moderate label of $11.73, in step with an SEC filing. Zaslav’s holdings put up-sale are 3.45 million WBD shares, worth over $38 million. The WBD chief also holds over 20 million stock alternatives, some exercisable, some no longer, in step with the April proxy assertion on prominent fairness awards on the tip of 2023. So the sale doesn’t mirror a essential chunk of his holdings.
With out reference to all the pieces, he’ll compile extra. Zaslav and diversified media CEOs in general gain some mixture of stock or risk grants or every as portion of their annual compensation packages. Moreover they time and again promote at year-cease to duvet taxes and estate planning. Zaslav’s stock sale is it appears to be like his first since presiding over the merged Warner Bros. Discovery.
Last month, Disney CEO Bob Iger exercised alternatives to promote 372,412 shares, or $42.7 million worth, earlier than a time restrict. It became the maximum allowed below an risk opinion adopted earlier this year that became situation to hotfoot out in December.
And Comcast chairman and chief executive Brian Roberts supplied 469.5 million shares for $20.4 million, also for year-cease planning purposes. They were no longer a good portion of his holdings.
