Barrow Hanley discloses 6.30% stake in Warner Music (WMG)

Rhea-AI Filing Summary

Barrow Hanley Global Investors reported beneficial ownership of 9,261,674 shares of Warner Music Group Corp common stock, equal to 6.30% of the class as of 03/31/2026. The filing shows sole dispositive power for 9,261,674 shares, sole voting power of 6,782,967 shares and shared voting power of 2,478,707 shares.

The Schedule 13G was signed by Hannah Ackels, CCO on 05/13/2026.

Insights

Institutional Ownership Analyst

Passive investor disclosed a 6.30% stake in Warner Music Group as of 03/31/2026.

The filing lists 6.30% ownership ( 9,261,674 shares ) held with sole dispositive power, indicating control over disposition decisions. The filing is a Schedule 13G disclosure consistent with passive or qualifying institutional ownership.

Impact depends on trading activity by the holder; subsequent filings would show changes. The 03/31/2026 snapshot anchors the position size.

Securities Compliance Specialist

Schedule 13G reporting signals compliance with beneficial-ownership disclosure requirements.

The filing cites specific voting and dispositive powers: sole voting 6,782,967 shares, shared voting 2,478,707 shares. These line-item powers clarify how the holder may influence votes or dispositions.

Filings signed on 05/13/2026 document the reporting date and contact; any change in ownership or intent would require an amended filing under applicable rules.

Key Figures

Filing type: Schedule 13G Beneficial ownership: 9,261,674 shares Percent of class: 6.30% +3 more

6 metrics

Filing type Schedule 13G beneficial ownership disclosure

Beneficial ownership 9,261,674 shares WMG common stock as of 03/31/2026

Percent of class 6.30% ownership percentage as of 03/31/2026

Sole voting power 6,782,967 shares votes sole power to direct as reported

Shared voting power 2,478,707 shares shared voting power reported

Sole dispositive power 9,261,674 shares sole power to dispose as reported

Key Terms

Schedule 13G, Beneficially owned, Sole dispositive power, Shared voting power

4 terms

Schedule 13G regulatory

"Item 1. Name of issuer: Warner Music Group Corp"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned regulatory

"Item 4. Ownership (a) Amount beneficially owned: 9,261,674"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Item 4. (iii) Sole power to dispose: 9,261,674"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Shared voting power regulatory

"Item 4. (ii) Shared power to vote: 2,478,707"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Warner Music Group Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

934550203

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 934550203

1

Names of Reporting Persons

BARROW HANLEY MEWHINNEY & STRAUSS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,782,967.00
6	Shared Voting Power 2,478,707.00
7	Sole Dispositive Power 9,261,674.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,261,674.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Warner Music Group Corp
(b)	Address of issuer's principal executive offices: 1633 Broadway, New York, New York, 10019
Item 2.
(a)	Name of person filing: Barrow Hanley Global Investors
(b)	Address or principal business office or, if none, residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201
(c)	Citizenship: Delaware LLC
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 934550203
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 9,261,674
(b)	Percent of class: 6.30%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,782,967
	(ii) Shared power to vote or to direct the vote: 2,478,707
	(iii) Sole power to dispose or to direct the disposition of: 9,261,674
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BARROW HANLEY MEWHINNEY & STRAUSS LLC

Signature:	Hannah Ackels
Name/Title:	Hannah Ackels, CCO
Date:	05/13/2026

FAQ

What stake did Barrow Hanley report in WMG?

Barrow Hanley reported beneficial ownership of 9,261,674 shares of WMG common stock, representing 6.30% of the class as of 03/31/2026. The amounts and percentages are disclosed in the Schedule 13G.

What voting and dispositive powers does Barrow Hanley hold in WMG?

The filing shows sole voting power for 6,782,967 shares, shared voting power for 2,478,707 shares, and sole dispositive power for 9,261,674 shares, as reported in the document.

What form was used to disclose Barrow Hanley’s position in WMG?

The position was disclosed on a Schedule 13G, the SEC form used by certain institutional investors to report beneficial ownership when qualifying as passive or meeting specific rule conditions.

Who signed the Schedule 13G for Barrow Hanley?

The Schedule 13G was signed by Hannah Ackels, CCO, with the signature dated 05/13/2026, which appears on the filing for the reported 03/31/2026 ownership snapshot.