Company: WBD
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001437107-25-000078
Chunk: 25

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 25
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 committee structure and responsibilities; and

■ overseeing and monitoring the Company’s strategy, policies, commitments, and initiatives with respect to sustainability and CSR matters.

#### 2025 PROXY STATEMENT43
| Proxy Statement 
 Summary         |     | Election of Directors |     | Corporate  
 Governance |     | Audit   
 Matters |     | Executive    
 Compensation |     | Other   
 Matters |     | Additional  
 Information |     | Appendices |

#### Director Compensation
The Compensation Committee reviews compensation for our non-employee directors and recommends any changes to such compensation to the full Board for approval. The components of our non-employee director compensation are cash fees and equity awards. The Board believes that appropriate compensation levels help attract and retain superior candidates for Board service and that director compensation should be weighted toward equity-based compensation to enhance alignment with the interests of our stockholders. Employee directors do not receive any compensation for their Board service. Currently, Mr. Zaslav is the only director who is also a Company employee.

#### 2024 Director Compensation Program
The following tables show the cash and equity compensation that was in effect in 2024.

| Board Service Compensation                   
 Annual Cash Retainer                         |     |   |         |
|:---------------------------------------------|:----|:--|--------:|
| Board Chair                                  |     | $ | 300,000 |
| Board Member                                 |     | $ | 125,000 |
| Annual Equity Grant (Restricted Stock Units) |     |   |         |
| Board Chair                                  |     | $ | 220,000 |
| Board Member                                 |     | $ | 220,000 |

| Committee Service Compensation                       
 Annual Cash Retainer                                 |     |   |        |
|:-----------------------------------------------------|:----|:--|-------:|
| Audit Committee Chair                                |     | $ | 40,000 |
| Audit Committee Member                               |     | $ | 20,000 |
| Compensation Committee Chair                         |     | $ | 35,000 |
| Compensation Committee Member                        |     | $ | 20,000 |
| Nominating and Corporate Governance Committee Chair  |     | $ | 25,000 |
| Nominating and Corporate Governance Committee Member |     | $ | 10,000 |

#### Changes to Director Compensation Program for 2025
In December 2024, after reviewing non-employee director compensation at our peer group companies and in consultation with its independent compensation consultant, the Compensation Committee recommended, and the Board subsequently approved, changes to the