Warner Bros. Discovery (WBD) executive compensation, 2026 proxy

David M. Zaslav, President and Chief Executive Officer, was paid $165M in 2025, up 218% from $51.9M the year before. The CEO-to-median-employee pay ratio was 1,378:1, on median employee pay of $119,748.

Filed
April 30, 2026
Annual meeting
June 9, 2026
Pay year
2025
Named executives
5
CEO total pay
$165M+218% vs prior year
CEO to median employee
1,378:1median $119,748
CEO pay in equity
82%$135.3M in awards
CEO stock awards
$109,593,181Grant-date fair value
Adjusted CEO compensation
$55,416,185Excluding one-time option grant
Studios adjusted EBITDA
$2.55 billion54% year-over-year increase
Streaming adjusted EBITDA
$1.37 billionMore than doubled year-over-year
Streaming subscribers
Nearly 132 millionSurpassed 130 million target

How Zaslav was paid

$165M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary2%Bonus14%Stock awards66%Option awards16%All other compensation2%

Named executive officers

ExecutiveTotal
David M. ZaslavPresident and Chief Executive Officer$165,009,366
Gunnar WiedenfelsChief Financial Officer$17,674,762
Priya R. AiyarChief Legal Officer$23,259,047
Bruce L. CampbellChief Revenue and Strategy Officer$22,263,133
Jean-Briac PerretteCEO and President, Global Streaming and Games$22,526,697

What changed and why

  • 165,009,366 was David Zaslav’s 2025 total compensation, primarily reflecting a one-time stock-option grant.
  • 25,726,018 was the grant-date fair value of Zaslav’s 2025 option awards.
  • 1,378:1 was WBD’s 2025 CEO-to-median-employee pay ratio.
  • 463:1 was the adjusted CEO-to-median-employee ratio excluding Zaslav’s one-time option grant.
  • 200%200% was the certified vesting level for Zaslav’s 2025 annual and supplemental PRSUs.
  • 130M130 million subscribers was WBD’s streaming target, surpassed with nearly 132 million subscribers in 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.