Warner Music Group amends CEO Robert Kyncl's pay with $10 million options, $5 million PSUs
Warner Music Group amended the employment agreement of CEO Robert Kyncl on November 24, 2025, restructuring a one-time option award into three performance-conditioned tranches and adding an annual performance share unit grant. The changes tie a significant portion of his equity pay to share price targets and longer-term company goals, which matters to shareholders because it affects how executive compensation is linked to stock performance and what severance would cost if he leaves.
Key points
- Options have a target value of $10,000,000, split into three tranches of $3,333,333 each, granted November 24, 2025
- Options vest in equal annual installments over three years and require the stock to exceed 8%, 10% and 12% total shareholder return thresholds for 20 consecutive trading days within three years
- Annual PSU award with a $5,000,000 target value begins with a first grant in January 2026 and vests after three years
- Severance cash portion equals total annual target cash and equity compensation if terminated without cause or for good reason
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.