Warner Music director granted 45 shares

Q: What insider transaction did WMG director Nancy Dubuc report on this Form 4?

Nancy Dubuc reported a grant or award of 45 shares of Warner Music Group Corp. Class A common stock on September 1, 2026, received at a stated price of $0.00 per share as part of her director-related compensation.

Q: How many WMG shares does Nancy Dubuc hold after this reported transaction?

After the reported transaction, Nancy Dubuc directly holds 29,989 shares of Warner Music Group Corp. Class A common stock. This total includes restricted stock units as noted in the filing footnotes.

Q: What is the nature of the 45 WMG shares acquired by Nancy Dubuc?

The 45 shares represent dividend equivalent rights that accrued on outstanding restricted stock units. These rights were credited as additional Class A common stock rather than being purchased in the open market.

Q: Was Nancy Dubuc’s WMG stock award made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, and there is no footnote indicating that the September 1, 2026 award to Nancy Dubuc was made under a Rule 10b5-1 or other pre-arranged trading plan.

Q: Is Nancy Dubuc’s ownership of WMG shares direct or indirect after this award?

Nancy Dubuc’s reported ownership is direct. The Form 4 lists the 29,989 shares of Warner Music Group Corp. Class A common stock, including restricted stock units, as held under direct ownership following the September 1, 2026 award.

WMG director Nancy Dubuc received a stock award tied to dividend equivalent rights, lifting her direct and RSU-included holdings to 29,989 shares.

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Form Type

Rhea-AI Filing Summary

Warner Music Group Corp. (WMG) reported that director Nancy Dubuc acquired 45 shares of Class A common stock on September 1, 2026 as a grant or award, at a stated price of $0.00 per share. The award reflects dividend equivalent rights accrued on outstanding restricted stock units, bringing her directly held total to 29,989 shares, which includes restricted stock units. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 45 shares

Grant/Award 1 txn

Insider Dubuc Nancy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock ^{F1, F2}	45	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 29,989 shares (Direct)

Footnotes (2)

F1. Reflects dividend equivalent rights accrued on outstanding restricted stock units.
F2. Includes restricted stock units.

Key Figures

Shares acquired: 45 shares Price per share: $0.00 per share Total holdings after transaction: 29,989 shares

3 metrics

Shares acquired 45 shares Grant or award of Class A common stock on September 1, 2026

Price per share $0.00 per share Stated acquisition price for the 45 awarded shares

Total holdings after transaction 29,989 shares Direct holdings of Class A common stock, including restricted stock units, after the award

Key Terms

dividend equivalent rights, restricted stock units, direct ownership

3 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.

direct ownership financial

"The Form 4 lists the 29,989 shares ... as held under direct ownership"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did WMG director Nancy Dubuc report on this Form 4?

Nancy Dubuc reported a grant or award of 45 shares of Warner Music Group Corp. Class A common stock on September 1, 2026, received at a stated price of $0.00 per share as part of her director-related compensation.

How many WMG shares does Nancy Dubuc hold after this reported transaction?

After the reported transaction, Nancy Dubuc directly holds 29,989 shares of Warner Music Group Corp. Class A common stock. This total includes restricted stock units as noted in the filing footnotes.

What is the nature of the 45 WMG shares acquired by Nancy Dubuc?

The 45 shares represent dividend equivalent rights that accrued on outstanding restricted stock units. These rights were credited as additional Class A common stock rather than being purchased in the open market.

Was Nancy Dubuc’s WMG stock award made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, and there is no footnote indicating that the September 1, 2026 award to Nancy Dubuc was made under a Rule 10b5-1 or other pre-arranged trading plan.

Is Nancy Dubuc’s ownership of WMG shares direct or indirect after this award?

Nancy Dubuc’s reported ownership is direct. The Form 4 lists the 29,989 shares of Warner Music Group Corp. Class A common stock, including restricted stock units, as held under direct ownership following the September 1, 2026 award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 05:10 PM EDT Accepted by SEC EDGAR 09/03/2026 - 05:00 PM EDT

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^*

Dubuc Nancy

(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)
09/01/2026

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	09/01/2026		A		45⁽¹⁾	A	$0	29,989⁽²⁾	D

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	09/03/2026
	** 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