WMG director awarded 56 dividend-equivalent shares

Lynton Michael reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Lynton Michael reported acquisition or exercise transactions in this Form 4 filing.

Warner Music Group Corp. director Michael Lynton received an award of 56 shares of Class A Common Stock. The shares were granted at no cost as dividend equivalent rights accrued on outstanding deferred share units. Following this grant, he holds a total of 53,716 shares, which includes deferred share units.

Insider Trade Summary

Grant/Award: 56 shares

Grant/Award 1 txn

Insider Lynton Michael

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	56	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 53,716 shares (Direct)

Footnotes (2)

1. F1. Reflects dividend equivalent rights accrued on outstanding deferred share units.
2. F2. Includes deferred share units.

Key Figures

Shares awarded: 56 shares Award price per share: $0.00 per share Total holdings after transaction: 53,716 shares

3 metrics

Shares awarded 56 shares Grant of Class A Common Stock as dividend equivalent rights on 2026-06-02

Award price per share $0.00 per share Grant/award acquisition of Class A Common Stock

Total holdings after transaction 53,716 shares Class A Common Stock beneficially owned after award, including deferred share units

Key Terms

dividend equivalent rights, deferred share units, Class A Common Stock, Grant, award, or other acquisition

4 terms

dividend equivalent rights financial

"Reflects dividend equivalent rights accrued on outstanding deferred share 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.

deferred share units financial

"Reflects dividend equivalent rights accrued on outstanding deferred share units."

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What insider transaction did Warner Music Group (WMG) report for Michael Lynton?

Warner Music Group reported that director Michael Lynton received 56 shares of Class A Common Stock. The shares reflect dividend equivalent rights tied to his outstanding deferred share units, increasing his total holdings to 53,716 shares including those deferred units.

Was Michael Lynton’s Warner Music Group (WMG) share award a market purchase or sale?

The transaction was not a market buy or sale; it was an acquisition coded as a grant or award. Lynton received 56 shares at a price of $0.00 per share as dividend equivalent rights on deferred share units he already held.

How many Warner Music Group (WMG) shares does Michael Lynton hold after this Form 4?

After the reported award, Michael Lynton holds 53,716 shares of Warner Music Group Class A Common Stock. This figure includes deferred share units, as noted in the footnotes describing how his total beneficial holdings are calculated.

What does “dividend equivalent rights” mean in Michael Lynton’s WMG Form 4?

Dividend equivalent rights provide additional share units mirroring dividends on existing deferred share units instead of cash. In this case, 56 new shares were credited to Michael Lynton based on dividends tied to his outstanding deferred share units at Warner Music Group.

Is Michael Lynton’s WMG Form 4 transaction a significant insider signal for investors?

The filing shows a routine compensation-related award of 56 shares, not an open-market trade. It reflects dividend equivalents on deferred share units, so it carries weaker signaling value than large discretionary insider purchases or sales would typically have.

What role does Michael Lynton hold at Warner Music Group (WMG) in this Form 4?

The Form 4 identifies Michael Lynton as a director of Warner Music Group. His reported transaction involves direct ownership of Class A Common Stock, including shares obtained through deferred share units and related dividend equivalent rights.

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

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Accepted by SEC EDGAR 06/04/2026 - 05:00 PM EDT Learn about SEC filing dates

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^*

Lynton Michael

(Last) (First) (Middle)

C/O WARNER MUSIC GROUP CORP.

1633 BROADWAY

(Street)

NEW YORK 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/02/2026		A		56(1)	A	$0	53,716(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects dividend equivalent rights accrued on outstanding deferred share units.

2. Includes deferred share 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)