$606 million payday! Check outgoing CEO David Zaslav's big windfall from Paramount's Warner Bros takeover
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓David Zaslav will receive $606.1 million following Paramount’s takeover of Warner Bros.
- ✓The payout includes cash from converted equity holdings.
- ✓While Zaslav got this massive windfall, many shareholders previously voted against these executive packages.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
David Zaslav, the former president and chief executive officer of Warner Bros. Discovery (WBD), will receive approximately $606.1 million from his equity holdings following the completion of Paramount’s acquisition of the entertainment company, according to a regulatory filing.
The payout became effective on October 6, when Paramount completed its takeover of WBD. The amount includes shares and restricted stock units that were converted into cash entitlements as part of the transaction.
According to a filing with the US Securities and Exchange Commission (SEC), Zaslav’s proceeds include $381.7 million from stock options, which are subject to withholding taxes. His overall proceeds will also be subject to applicable capital gains taxes.
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