Dividend-based share grant boosts Warner Music (WMG) director Kreiz trust holdings

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Warner Music Group Corp. director Ynon Kreiz reported an indirect acquisition of 38 shares of Class A common stock on behalf of the Ynon Kreiz Secondary SP Trust. The shares were granted at no cost as dividend equivalent rights accrued on outstanding restricted stock units, bringing the trust’s holdings to 36,865 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kreiz Ynon

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	38	$0.00	--

Holdings After Transaction: Class A Common Stock — 36,865 shares (Indirect, By Ynon Kreiz Secondary SP Trust)

Footnotes (1)

Reflects dividend equivalent rights accrued on outstanding restricted stock units. Includes restricted stock units.

Key Figures

Shares granted: 38 shares Grant price: $0.00 per share Holdings after transaction: 36,865 shares +1 more

4 metrics

Shares granted 38 shares Class A Common Stock grant on 2026-06-02

Grant price $0.00 per share Compensation-related award, not open-market purchase

Holdings after transaction 36,865 shares Indirectly held by Ynon Kreiz Secondary SP Trust

Transaction type Grant, award, or other acquisition Code A, non-derivative acquisition

Key Terms

dividend equivalent rights, restricted stock units, indirect ownership, Class A Common Stock

4 terms

dividend equivalent rights financial

"Reflects dividend equivalent rights accrued on outstanding restricted stock units."

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

restricted stock units financial

"Reflects dividend equivalent rights accrued on outstanding 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.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By Ynon Kreiz Secondary SP Trust""

Class A Common Stock financial

""security_title": "Class A Common Stock""

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.

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Form 4 Insider Transactions: What Each Field Means →

06/04/2026 - 05:00 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kreiz Ynon

(Last)

(First)

(Middle)

C/O WARNER MUSIC GROUP CORP.

1633 BROADWAY

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Warner Music Group Corp. [ WMG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/02/2026		A		38⁽¹⁾	A	$0	36,865⁽²⁾	I	By Ynon Kreiz Secondary SP Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects dividend equivalent rights accrued on outstanding restricted stock units.

2. Includes restricted stock units.

	/s/ Trent N. Tappe, as Attorney-In-Fact	06/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Warner Music Group (WMG) report for Ynon Kreiz?

Warner Music Group reported that director Ynon Kreiz indirectly acquired 38 Class A common shares through the Ynon Kreiz Secondary SP Trust. The shares were granted at no cost as part of compensation-related accruals tied to existing restricted stock units.

Was the Warner Music Group (WMG) Form 4 a stock purchase or a grant?

The Form 4 reflects a grant-type acquisition, not an open-market purchase. It records 38 Class A shares awarded with a transaction price of $0.00 per share, tied to dividend equivalent rights on existing restricted stock units held for the reporting person.

How many Warner Music Group (WMG) shares does the Kreiz trust hold after this transaction?

After the transaction, the Ynon Kreiz Secondary SP Trust holds 36,865 shares of Warner Music Group Class A common stock. This figure includes the additional 38 shares credited as dividend equivalent rights on outstanding restricted stock units associated with the director’s compensation.

Are the newly acquired Warner Music Group (WMG) shares held directly by Ynon Kreiz?

The newly acquired shares are held indirectly through the Ynon Kreiz Secondary SP Trust. The Form 4 lists ownership type as indirect, with the nature of ownership specified as “By Ynon Kreiz Secondary SP Trust” and includes restricted stock units-related accruals.

What are dividend equivalent rights mentioned in the WMG Form 4 for Ynon Kreiz?

Dividend equivalent rights are credits that mirror dividends on unvested restricted stock units. In this case, accrued dividend equivalents were settled in 38 additional Warner Music Group Class A shares, increasing the trust’s holdings as part of the director’s existing equity compensation.