Company: WBD
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001437107-25-000084
Chunk: 35

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 35
---
 line with stockholder feedback, our commitment to adopt the best-in-class practices, and our compensation philosophy.

We appreciate the support vocalized for our executive compensation philosophy even as stockholders pointed out aspects they believed we could improve, and the candid discussions as we presented our perspectives on these calls. We remain committed to engagement, appreciate the support since 2022, and look forward to a continued dialogue with you.

Sincerely,

#### Paul A. Gould,

#### Chair

#### Richard W. Fisher

#### Debra L. Lee

#### Kenneth W. Lowe
Geoffrey Y. Yang

| 50 |

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

### Compensation Discussion and Analysis
This Compensation Discussion and Analysis ("CD&A") analyzes and discusses our executive compensation programs and provides information about the compensation we paid to our CEO, Chief Financial Officer ("CFO"), and the three other most highly compensated executive officers who were serving as executive officers at fiscal year-end (December 31, 2024) (collectively with the CEO and CFO, the "Named Executive Officers" or "NEOs"). The Compensation Committee (referred to in this CD&A as the "Committee") of the Board oversees all aspects of NEO compensation.

Our NEOs for 2024 are:

| David M. Zaslav                       
 President and Chief Executive Officer |     | Gunnar Wiedenfels       
 Chief Financial Officer |     | Bruce L. Campbell                  
 Chief Revenue and Strategy Officer |     | Jean-Briac Perrette       
 President and CEO, Global 
 Streaming and Games       |     | Gerhard Zeiler           
 President, International |

#### Compensation Philosophy and Practices

#### Compensation Philosophy
Our compensation philosophy is to pay for performance, encourage excellence, retain our high-performing executive talent across the blended organization and reward executives who deliver.

| Our executive compensation programs are designed to implement our pay-for-performance compensation philosophy, as follows:  
 ■Align Interests:ensure a strong alignment of the interests of our stockholders and employees;                              
 ■Pay for Performance:design incentives that are earned in line with short-term and long-term performance;                   
 ■Reward Competitively:pay competitively, across salary grades and geographies; and                                          
 ■Attract and Retain World-Class Talent:retain high-performing individuals whose actions create long-term stockholder value