Company: WBD
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001437107-25-000084
Chunk: 46

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 46
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. These strategic goals are designed to incent the CEO and CFO to take actions that create long-term value for stockholders and provide a competitive advantage for WBD, and complement the financial goals and the separate strategic goals for the CEO's PRSU awards.

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

In February 2025, the Committee also reviewed the CEO's and CFO's achievement of their respective strategic goals, considering the CEO’s and CFO’s self-assessments and, with respect to Mr. Wiedenfels, the input of the CEO and with respect to Mr. Zaslav, the input of the Board. With respect to the strategic goals, the Committee determined that each of Mr. Zaslav and Mr. Wiedenfels had exceeded expectations and over-delivered with respect to their respective strategic goals and approved a payout for the portion of the CEO’s 2024 cash bonus that is based on strategic metrics at 115% of target and a payout of 114% of target for the portion of the CFO’s 2024 cash bonus that is based on strategic metrics. In approving these payouts, the Committee specifically noted the following accomplishments for each of Mr. Zaslav and Mr. Wiedenfels:

#### David Zaslav
| Category           |     | Strategic Goals                                                                                                         |     | Weighting |     | 2024 Accomplishments                                                                                                                                                                                                                         |
| Corporate          |     | ■Complete integration pipeline; Implement cost controls to adjust cost to serve in declining linear revenue environment 
 ■Successfully onboard new executives                                                                                    
 ■Enhance employee engagement scores                                                                                     |     | 25%       |     | ■Achieved incremental cost savings of $1.8B in 2024, significantly overdelivering against internal goal                                                                                                                                      
 ■Delivered $4.4 billion of FCF(*)and retired $4.4 billion of debt in 2024, thereby reducing net leverage(*)below 4.0x Adjusted EBITDA(*)at end of 2024                                                                                       
 ■Enhanced global content greenlight governance process and implemented "OneWBD" content performance dashboards ensuring WBD takes cross-company view of content when making capital allocation trade-offs                                    
 ■Successfully onboarded new executives and senior leaders in various functions and rolled out a revamped "People Pact