The Digester

Zaslav Sells Over $114M of Warner Bros. Discovery Stock as Paramount Deal Nears

Mar 4th 2026

Warner Bros. Discovery CEO David Zaslav filed to sell just over 4 million shares worth more than $114 million as the company moves ahead with a $31 per share sale to Paramount, while several other top executives also sold stock during an open trading window.

  • CEO David Zaslav filed to sell just over 4 million shares worth north of $114 million.
  • Zaslav acquired the shares as part of compensation between January 2023 and February 2026, the filing said.
  • Several other WBD executives also sold seven-figure stakes this week, including Gunnar Wiedenfels, Bruce Campbell, Lori Locke, Gerhard Zeiler, JB Perrette, Priya Aiyar and Amy Girdwood.
  • A trading window opened for executives involved in deal negotiations, enabling the sales.
  • Warner Bros. Discovery agreed to sell to Paramount at $31 per share after ending talks with Netflix, which declined to match and paid a $2.8 billion termination fee.
  • Paramount expects the merger to close in the third quarter and WBD will address executive compensation in its upcoming proxy statement.

Sources

deadline.com