WMG COO & CFO gifts 27,521 company shares
Warner Music Group Corp. COO & CFO Armin Zerza reported a bona fide gift of 27,521 shares of Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Warner Music Group Corp. COO & CFO Armin Zerza reported a bona fide gift of 27,521 shares of Class A Common Stock. The shares were transferred for no consideration and Zerza now holds 408,666 shares directly. An additional 27,521 shares, including restricted stock units, are held indirectly through the Zerza Community Property Trust, for which he remains the beneficial owner.
Insider Trade Summary
27,521 shares gifted
Gift
2 txns
Insider
ZERZA ARMIN
Role
COO & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 27,521 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 408,666 shares (Direct);
Class A Common Stock — 27,521 shares (Indirect, By Zerza Community Property Trust dtd 05/10/2022)
Footnotes (2)
- F1. Shares of Warner Music Group common stock transferred from the reporting person to the Zerza Community Property Trust dtd 05/10/2022 for no consideration. The reporting person is trustee of the trust, and the reporting person and members of his immediate family are the sole beneficiaries of the trust. The reporting person remains the beneficial owner of the securities held by the trust.
- F2. Includes restricted stock units.
Key Figures
Gifted shares: 27,521 shares
Gift price per share: $0.0000 per share
Direct holdings after transaction: 408,666 shares
+3 more
6 metrics
Gifted shares
27,521 shares
Bona fide gift of Class A Common Stock
Gift price per share
$0.0000 per share
No consideration for gifted shares
Direct holdings after transaction
408,666 shares
Class A Common Stock held directly after gift
Indirect trust holdings
27,521 shares
Held by Zerza Community Property Trust
Gift transactions count
1 transaction
Bona fide gift in transaction summary
Gifted share total
27,521 shares
GiftShares in transaction summary
Key Terms
Class A Common Stock, bona fide gift, beneficial owner, restricted stock units, +1 more
5 terms
Class A Common Stock financial
"Shares of Warner Music Group common stock transferred from the reporting person"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial owner financial
"The reporting person remains the beneficial owner of the securities held by the trust"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
restricted stock units financial
"Includes restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Community Property Trust financial
"Zerza Community Property Trust dtd 05/10/2022 for no consideration"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WMG executive Armin Zerza report on this Form 4?
Armin Zerza reported a bona fide gift of 27,521 shares of Warner Music Group Class A Common Stock. The shares were transferred for no consideration and reflect a non-market disposition rather than an open-market sale or purchase.
What is the Zerza Community Property Trust mentioned in the WMG Form 4 filing?
The Zerza Community Property Trust holds 27,521 Warner Music Group shares indirectly for Armin Zerza and his immediate family. Zerza is trustee and the family are sole beneficiaries, so he remains the beneficial owner of the trust-held securities.
Do Armin Zerza’s reported Warner Music Group holdings include restricted stock units?
Yes. A footnote explains that the reported holdings include restricted stock units. These units represent rights to receive Warner Music Group shares in the future, subject to applicable vesting or other conditions described in the company’s equity plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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