David Zaslav, president and CEO of Warner Bros. Discovery, has filed to sell more than $114 million worth of company stock. His stock sale comes less than a week after Netflix pulled out of its deal with Warner Bros. and WBD struck a deal to sell it to Paramount Skydance for $31 a share.
Zaslav sold 4,004,149 shares of Warner Bros. Discovery stock for a total market value of $114,118,246, according to the company’s filing with the SEC on Tuesday. The stock sale date was listed as March 3rd. The shares Mr. Zaslav sold were granted to him from January 2023 to February 2026 as part of his employment agreement with Warner Bros. Discovery.
Mr. Zaslav holds additional shares and options in WBD that will remain valid and vest in the event of Paramount Skydance’s $111 billion acquisition of the company, under the terms of an agreement WBD amended with Mr. Zaslav and other executives in November. With the sale of Warner Bros. Discovery, Zaslav’s net worth is estimated to be more than $1 billion.
In recent years, Zaslav has become one of the highest paid executives in the media and entertainment industry. His salary package for 2024 increased by 4.4% to $51.9 million. This includes a base salary of $3 million, plus $23.1 million worth of stock compensation, $23.9 million in bonus compensation, and $1.9 million in other compensation.
In June 2025, after a majority of Warner Bros. Discovery shareholders voted against Zaslav and other executives’ pay packages in a symbolic and non-binding rebuke, the company entered into a new employment agreement with Zaslav that “includes lower annual cash compensation opportunities and realignment of total compensation toward long-term incentives,” according to WBD.
