Warner Music Group (WMG) CFO Zerza gets 209,132 RSUs and 27,064 shares used for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warner Music Group COO & CFO Armin Zerza reported compensation-related equity transactions. He received a grant of 209,132 shares of Class A Common Stock, described as restricted stock units under the company’s long-term incentive plan. On the same date, 27,064 shares were disposed of to cover tax obligations at $33.60 per share. After these transactions, his direct holdings, including restricted stock units, totaled 463,251 shares. Footnotes state both the grant and the tax-withholding disposition were reported late due to administrative errors.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ZERZA ARMIN
Role
COO & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 209,132 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 27,064 | $33.60 | $909K |
Holdings After Transaction:
Class A Common Stock — 463,251 shares (Direct, null)
Footnotes (1)
- Restricted stock units granted pursuant to the issuer's long-term incentive plan. Due to an administrative error, the grant of the restricted stock units was not reported on a Form 4 within two business days of the transaction. Includes restricted stock units. Due to an administrative error, this disposition was not reported on a Form 4 within two business days of the transaction.
Key Figures
RSU grant: 209,132 shares
Tax-withholding shares: 27,064 shares
Tax-withholding price: $33.60 per share
+2 more
5 metrics
RSU grant
209,132 shares
Restricted stock units granted under long-term incentive plan on May 12, 2026
Tax-withholding shares
27,064 shares
Shares disposed to cover tax obligations on May 12, 2026
Tax-withholding price
$33.60 per share
Value used for 27,064-share tax-withholding disposition
Post-transaction holdings
463,251 shares
Direct holdings of Class A Common Stock including restricted stock units after transactions
Pre-disposition holdings
436,187 shares
Direct holdings after the tax-withholding disposition and before the RSU grant entry
Key Terms
restricted stock units, long-term incentive plan, tax-withholding disposition, grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Restricted stock units granted pursuant to the issuer's long-term incentive plan."
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.
long-term incentive plan financial
"Restricted stock units granted pursuant to the issuer's long-term incentive plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 27,064 shares at $33.6000 per share."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for 209,132 shares at $0.0000."
Form 4 regulatory
"Due to an administrative error, the grant of the restricted stock units was not reported on a Form 4 within two business days."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transactions did WMG executive Armin Zerza report on this Form 4?
Armin Zerza reported a grant of 209,132 shares of Class A Common Stock as restricted stock units and a disposition of 27,064 shares to satisfy tax obligations, both dated May 12, 2026, with no open-market buys or sells disclosed.
Were the Warner Music Group (WMG) insider transactions open-market trades?
No, the transactions were compensation-related. Zerza received 209,132 restricted stock units at $0.00 per share and 27,064 shares were withheld at $33.60 per share for taxes, so they do not represent open-market purchases or sales of Warner Music Group shares.
Why were the WMG restricted stock unit grant and tax disposition reported late?
Footnotes explain both the restricted stock unit grant and the related tax-withholding disposition were not reported within two business days of the May 12, 2026 transactions due to administrative errors, prompting their later disclosure on this Form 4 filing.
What does the tax-withholding disposition code F mean in this WMG Form 4?
Code F indicates shares were disposed of to cover tax liabilities. For WMG, 27,064 shares of Class A Common Stock were used at $33.60 per share, reflecting a non-market, compensation-related transaction rather than a discretionary sale by Armin Zerza.