Warner Bros. Discovery CEO David Zaslav Sells $30 Million in Stock
Warner Bros. Discovery CEO David Zaslav recently made a big move, selling over 2.5 million shares in the company for a total of $30 million. This sale marks his first significant stock sale since leading the merger of Discovery Communications and WarnerMedia a couple of years back. Zaslav made this move as part of year-end income tax and gift/estate planning activities, according to an SEC filing.
Despite this sale, Zaslav still remains a major shareholder in the company, owning nearly 20 million shares. It’s worth noting that other major media CEOs have also recently sold stock, with Disney CEO Bob Iger selling over $41 million in shares last month.
This isn’t the first time Zaslav and Iger have made significant stock sales, as Iger’s last sale was in November 2022 after he returned to Disney. And let’s not forget about Fox CEO Lachlan Murdoch, who also sold nearly $5 million in stock at Fox over the summer.
It’s always interesting to see how top executives like Zaslav and Iger manage their stock holdings, especially when it comes to financial planning and taxes. Stay tuned for more updates on this dynamic and ever-changing industry!
