David Zaslav, president and CEO of Warner Bros. Discovery, filed to sell just over $114 million worth of stock in the company. His sale of the shares comes less than a week after WBD clinched a deal to sell itself to Paramount Skydance for $31 per share, after Netflix walked away from its deal for Warner Bros.
Zaslav is selling 4,004,149 shares of Warner Bros. Discovery stock, with an aggregate market value of $114,118,246, per an SEC filing from the company Tuesday. The date of the stock sale was listed as March 3. The shares Zaslav sold were granted from January 2023 to February 2026 as part of his employment agreement with Warner Bros. Discovery.
Zaslav has additional stock and options in WBD that will be remain valid and eligible for vesting in the event Paramount Skydance’s $111 billion deal to acquire the company closes, under the terms of WBD’s amended contracts for Zaslav and other top brass in November. With the sale of Warner Bros. Discovery, Zaslav will have a net worth that has been estimated to be more than $1 billion.
In recent years, Zaslav has been one of the most highly compensated execs in the media and entertainment biz. In 2024, his pay package rose 4.4% to $51.9 million. That included a base salary of $3 million, plus stock awards worth $23.1 million, bonus compensation of $23.9 million and other compensation of $1.9 million.
In June 2025 — after a majority of shares voted by Warner Bros. Discovery stockholders were against the pay packages of Zaslav and other top execs, in a symbolic, non-binding rebuke — the company entered into a new employment agreement with Zaslav that will “significantly reduce” his target annual compensation, “including lowering his annual cash compensation opportunity and reorienting the total pay mix toward long-term incentives,” according to WBD.
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