Warner Music director awarded 45 shares in grant

Q: What insider transaction did WMG disclose for Mathias Döpfner?

WMG disclosed that director Mathias Döpfner acquired 45 shares of Class A Common Stock on September 1, 2026 as a grant or award, with a reported price of $0.00 per share, reflecting dividend equivalent rights on restricted stock units.

Q: What was the nature of the WMG shares acquired by Mathias Döpfner?

The 45 shares of WMG Class A Common Stock acquired by Mathias Döpfner were a grant or award attributed to dividend equivalent rights that accrued on his outstanding restricted stock units, rather than an open-market purchase.

Q: Was the WMG Form 4 transaction by Mathias Döpfner under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, and no footnote indicates a trading plan. The transaction is reported simply as a grant or award acquisition of 45 shares related to dividend equivalent rights.

WMG director Mathias Döpfner received an equity award of 45 Class A shares tied to dividend equivalents, bringing his direct holdings to 30,693 shares.

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Form Type

Rhea-AI Filing Summary

Warner Music Group Corp. (WMG) reported that director Mathias Döpfner acquired 45 shares of Class A Common Stock on September 1, 2026 as a grant or award with a stated price of $0.00 per share, reflecting dividend equivalent rights accrued on outstanding restricted stock units.

After this award, Döpfner directly holds a total of 30,693 shares of Class A Common Stock, a figure that includes restricted stock units.

Insider Trade Summary

Grant/Award: 45 shares

Grant/Award 1 txn

Insider Dopfner Mathias

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 — 30,693 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 Shares held after transaction: 30,693 shares +1 more

4 metrics

Shares acquired 45 shares Grant or award acquisition on September 1, 2026

Price per share $0.00 per share Reported for the September 1, 2026 grant or award

Shares held after transaction 30,693 shares Direct holdings of Class A Common Stock including restricted stock units after the award

Transaction date September 1, 2026 Date of grant or award acquisition of 45 shares

Key Terms

dividend equivalent rights, restricted stock units, grant or award acquisition

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.

grant or award acquisition financial

"transaction is described as a grant or award acquisition of shares"

FAQ

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

What insider transaction did WMG disclose for Mathias Döpfner?

WMG disclosed that director Mathias Döpfner acquired 45 shares of Class A Common Stock on September 1, 2026 as a grant or award, with a reported price of $0.00 per share, reflecting dividend equivalent rights on restricted stock units.

How many Warner Music Group (WMG) shares does Mathias Döpfner hold after this Form 4 transaction?

After the reported transaction, Mathias Döpfner directly holds 30,693 shares of Warner Music Group Class A Common Stock. This total specifically includes restricted stock units, as noted in the filing footnotes.

What was the nature of the WMG shares acquired by Mathias Döpfner?

The 45 shares of WMG Class A Common Stock acquired by Mathias Döpfner were a grant or award attributed to dividend equivalent rights that accrued on his outstanding restricted stock units, rather than an open-market purchase.

Did Mathias Döpfner buy or sell any Warner Music Group (WMG) shares on the market?

No market buy or sell was reported. The Form 4 shows a single grant or award acquisition of 45 shares at a stated price of $0.00 per share, tied to dividend equivalent rights on restricted stock units.

Was the WMG Form 4 transaction by Mathias Döpfner under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, and no footnote indicates a trading plan. The transaction is reported simply as a grant or award acquisition of 45 shares related to dividend equivalent rights.

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^*

Dopfner Mathias

(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	30,693⁽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