Warner Music director gets 122-share stock award

WMG director Michael Lynton received 122 Class A shares as a compensation-related award tied to dividend equivalent rights, bringing his direct holdings to 53,886 shares.

Rhea-AI Filing Summary

Warner Music Group Corp. (WMG) director Michael Lynton reported an acquisition of 122 shares of Class A Common Stock on September 1, 2026, as a grant or award associated with his director compensation. This award reflects dividend equivalent rights accrued on outstanding deferred share units, and his directly held stake, including deferred share units, increased to 53,886 shares following the transaction. No Rule 10b5-1 trading plan is reported in connection with this award.

Insider Trade Summary

Grant/Award: 122 shares

Grant/Award 1 txn

Insider Lynton Michael

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2	122	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 53,886 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: 122 shares Award price per share: $0.00 per share Shares held after transaction: 53,886 shares +1 more

4 metrics

Shares awarded 122 shares Grant or award to director Michael Lynton on September 1, 2026

Award price per share $0.00 per share Compensation-related grant reflecting dividend equivalent rights

Shares held after transaction 53,886 shares Direct holdings of Michael Lynton after the September 1, 2026 award, including deferred share units

Reporting person role Director Michael Lynton’s relationship to Warner Music Group Corp.

Key Terms

dividend equivalent rights, deferred share units, Includes deferred share units

3 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.

Includes deferred share units financial

"Includes deferred share units."

FAQ

What did WMG director Michael Lynton report in this Form 4 for WMG?

He reported an acquisition of 122 shares of Warner Music Group Class A Common Stock on September 1, 2026, as a grant or award related to his director compensation, reflecting dividend equivalent rights on outstanding deferred share units.

How many WMG (WMG) shares does Michael Lynton hold after this transaction?

After the reported award, Michael Lynton directly holds 53,886 shares of Warner Music Group Class A Common Stock. According to the disclosure, this total includes deferred share units credited to his account.

What is the nature of the 122-share award reported for WMG?

The 122-share award represents dividend equivalent rights that accrued on Michael Lynton’s outstanding deferred share units, which were credited to him as additional Class A Common Stock under the company’s compensation arrangements.

Was Michael Lynton’s WMG share acquisition under a Rule 10b5-1 plan?

No. The disclosure indicates that no Rule 10b5-1 trading plan is associated with this transaction. It is reported as a compensation-related grant or award rather than an open-market trade under a pre-arranged plan.

Did Michael Lynton pay cash for the 122 WMG shares received?

No cash purchase price is reported. The shares are shown as a grant or award at a stated price of $0.00 per share, consistent with dividend equivalent rights credited on his outstanding deferred share units.

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

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Available on EDGAR 09/03/2026 - 05:10 PM Accepted by SEC EDGAR 09/03/2026 - 05:00 PM 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)
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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/01/2026		A		122(1)	A	$0	53,886(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	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)