From The Hollywood Reporter · Alex Weprin · · 50s
Zaslav Cashes Out $600M in WBD Shares
Warner Bros. Discovery CEO David Zaslav cashed out over $600 million in company stock as Paramount completes its $111 billion takeover.
In brief
Warner Bros. Discovery CEO David Zaslav cashed out over $600 million in company stock as Paramount completes its $111 billion takeover. Warner Bros. Discovery CEO David Zaslav received $600 million in cash from selling Warner Bros. Discovery shares during Paramount's acquisition. Originally reported by The Hollywood…
Zaslav Files Form 4
Warner Bros. Discovery CEO David Zaslav filed his Form 4 with the Securities and Exchange Commission to disclose shares and options sold during Paramount's $111 billion takeover.
Zaslav Cashes Out $600M
Zaslav sold shares worth more than $224 million in Warner Bros. Discovery and options netting an additional $381 million through the Paramount acquisition.
Other Executives Also Payout
Other top executives received payouts topping nine figures, while Zaslav increased employee equity holdings, doubling the number of staff with company shares.
The short version
Warner Bros. Discovery CEO David Zaslav received $600 million in cash from selling Warner Bros. Discovery shares during Paramount's acquisition.
