Management ChangeApr 30, 2026, 07:32 AM
WBD CFO Wiedenfels Renews Contract; Base Salary $2.5M, Equity $10M
AI Summary
Warner Bros. Discovery, Inc. (WBD) announced the renewal of Chief Financial Officer Gunnar Wiedenfels' employment agreement, effective July 11, 2026, through April 28, 2028. Under the new agreement, Mr. Wiedenfels' annual base salary will be $2,500,000, with a target annual cash bonus opportunity of 175% of his base salary. He will also be eligible for annual equity awards with a target value of $10,000,000 and will receive a one-time restricted stock units award of $2,000,000. The terms are consistent with the interim operating covenants in WBD's previously disclosed Merger Agreement with Paramount Skydance Corporation.
Key Highlights
- WBD CFO Gunnar Wiedenfels' employment agreement renewed through April 28, 2028.
- New annual base salary set at $2,500,000, effective July 11, 2026.
- Target annual cash bonus opportunity remains 175% of annual base salary.
- Eligible for annual equity awards with a target value of $10,000,000.
- Granted a one-time restricted stock units award of $2,000,000 on August 17, 2026.
- Severance includes up to 24 months of base salary continuation and target bonus.
- Terms consistent with interim operating covenants in the PSKY Merger Agreement.
Price Impact
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