Warner Bros. Discovery CEO David Zaslav Sells Stock

David Zaslav, the CEO of Warner Bros. Discovery, has executed his first major stock sale since overseeing the merger of Discovery Communications and WarnerMedia two and a half years ago.

As per a recent SEC filing, Zaslav sold over 2.5 million shares at an average price of $11.73, resulting in earnings exceeding $30 million.

The filing indicates that Zaslav’s stock sale was part of year-end income tax and gift/estate planning activities.

Zaslav continues to be a significant shareholder in the company, with the latest proxy filing revealing that he owns nearly 20 million shares. He is not alone in this trend; Disney CEO Bob Iger also sold more than $41 million in stock just last month.

Notably, Zaslav’s sale marks the first since 2022, aside from smaller transactions related to tax obligations from stock grants. Similarly, Iger’s sale was his first since returning to Disney in November 2022.

Additionally, Fox CEO Lachlan Murdoch sold nearly $5 million in stock at Fox over the summer, highlighting a broader trend among media executives in the film and television entertainment industry.

Person

David Zaslav, Bob Iger, Lachlan Murdoch

Company Names

Warner Bros. Discovery, Discovery Communications, WarnerMedia, Disney, Fox

Titles

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