0001437107 2025-01-01 2025-12-31 0001437107 2024-01-01 2024-12-31 0001437107 2023-01-01 2023-12-31 0001437107 2022-01-01 2022-12-31 0001437107 2021-01-01 2021-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2025-01-01 2025-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2025-01-01 2025-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2025-01-01 2025-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2025-01-01 2025-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2024-01-01 2024-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2024-01-01 2024-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2024-01-01 2024-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2024-01-01 2024-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2023-01-01 2023-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2023-01-01 2023-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2023-01-01 2023-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2023-01-01 2023-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2022-01-01 2022-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2022-01-01 2022-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2022-01-01 2022-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2022-01-01 2022-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2022-01-01 2022-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2022-01-01 2022-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2022-01-01 2022-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember 2022-01-01 2022-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2021-01-01 2021-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:PeoMember 2021-01-01 2021-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2021-01-01 2021-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2021-01-01 2021-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2021-01-01 2021-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2021-01-01 2021-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2021-01-01 2021-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember 2021-01-01 2021-12-31 0001437107 2021-12-31 0001437107 2022-12-30 0001437107 2023-12-29 0001437107 2024-12-31 0001437107 2025-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001437107 wbd:AggregateGrantDateFairValueOfStockAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001437107 wbd:AggregateGrantDateFairValueOfOptionAwardAmountsReportedInSummaryCompensationTableMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001437107 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001437107 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001437107 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001437107 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001437107 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001437107 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001437107 1 2025-01-01 2025-12-31 0001437107 2 2025-01-01 2025-12-31 0001437107 3 2025-01-01 2025-12-31 0001437107 4 2025-01-01 2025-12-31 iso4217:USD iso4217:USD shares 0001437107 DEF 14A false Warner Bros. Discovery, Inc. <div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Committee’s intent is to approve equity awards annually in February each year, with new hire and promotion grants made throughout the year in the Committee’s regular meetings. The Committee generally uses a consistent grant date for annual grants approved in February of the later of March 1 or two business days following the filing of the Company's Annual Report on Form 10-K. This allows a consistent grant date and vesting schedule for annual awards made to employees and provides for consistent annual grant timing.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">For new hire and promotion grants made at other times throughout the year to employees other than the Section 16 Officers, the Committee has delegated authority for making such grants to the CEO and Chief People and Culture Officer within certain dollar and share limits. These awards are typically made on the 15th of each month and all awards made pursuant to such delegation are reported to the Committee at its next regular meeting. On occasion for administrative convenience, the Committee may make a grant with a future effective date, with the grant price set on the future effective date, including in connection with the incremental equity awards granted to Messrs. Campbell and Perrette in connection with the Amendments, as described above in "NEO Compensation in 2025 - Long-Term Incentive Compensation."</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Our equity awards are not granted in anticipation of the release of material, non-public information and the disclosure of material, non-public information is not timed on the basis of equity award grant dates.</span></div> <div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Committee’s intent is to approve equity awards annually in February each year, with new hire and promotion grants made throughout the year in the Committee’s regular meetings. The Committee generally uses a consistent grant date for annual grants approved in February of the later of March 1 or two business days following the filing of the Company's Annual Report on Form 10-K. This allows a consistent grant date and vesting schedule for annual awards made to employees and provides for consistent annual grant timing.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">For new hire and promotion grants made at other times throughout the year to employees other than the Section 16 Officers, the Committee has delegated authority for making such grants to the CEO and Chief People and Culture Officer within certain dollar and share limits. These awards are typically made on the 15th of each month and all awards made pursuant to such delegation are reported to the Committee at its next regular meeting. On occasion for administrative convenience, the Committee may make a grant with a future effective date, with the grant price set on the future effective date, including in connection with the incremental equity awards granted to Messrs. Campbell and Perrette in connection with the Amendments, as described above in "NEO Compensation in 2025 - Long-Term Incentive Compensation."</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Our equity awards are not granted in anticipation of the release of material, non-public information and the disclosure of material, non-public information is not timed on the basis of equity award grant dates.</span></div> true <div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Our equity awards are not granted in anticipation of the release of material, non-public information and the disclosure of material, non-public information is not timed on the basis of equity award grant dates.</span></div> true false true <div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The following table reports the compensation of our CEO and the average compensation of the other non-CEO NEOs as reported in the Summary Compensation Table for the past five fiscal years, as well as Compensation Actually Paid ("CAP") as calculated under SEC Pay-Versus-Performance ("PVP") disclosure requirements and certain performance measures required by the rules. Dollar amounts reported as CAP are computed in accordance with Item 402(v) of Regulation S-K, and our Board believes that it is important to recognize that these amounts do not reflect the actual amount of compensation earned by or paid to our CEO and non-CEO NEOs during the applicable years.</span></div><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:8.95pt">Net Income is as reported in our Annual Report on Form 10-K for the applicable year.</span><div><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following graphs illustrate the relationship between the CAP of our CEO and average non-CEO NEO ("Average NEO") and WBD's TSR, Net Income and Adjusted EBITDA performance over the five-year period from 2021 to 2025. The volatility in our stock price over the five-year period can be attributed to the impact of the WarnerMedia Transaction, the proposed separation and subsequent strategic review in 2025, and the pending Paramount merger, as well as other separate factors that were beyond our control. While the Committee believes that driving stock price appreciation and TSR performance are important objectives for our CEO and non-CEO NEOs, it also believes that achieving other financial objectives, such as Adjusted EBITDA and FCF, as well as achieving other strategic objectives, such as growing our Streaming business, are equally important and it has sought to align our executive compensation with these objectives, as further discussed in the CD&amp;A in this proxy statement.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The five-year compensation history of the CEO and the average NEO shows that the disclosed CAP generally aligns with WBD's TSR, Net Income, and Adjusted EBITDA performance. The exceptions to this were: (a) the CEO's CAP in 2021 which includes the option grant made to Mr. Zaslav in connection with the signing of the WarnerMedia Transaction and his entry into the Zaslav 2021 Employment Agreement, and (b) the CEO's CAP in 2025 which includes the June 2025 option grant made to Mr. Zaslav in connection with the announcement of the proposed separation and his entry into the Zaslav 2025 Employment Agreement. All of the 2021 options awarded to Mr. Zaslav have a strike price that is higher than the current trading price of WBD common stock. If the 2021 and 2025 option grant were excluded, Mr. Zaslav's CAP in 2021 and 2025 would have been substantially lower and better aligned with TSR, Net Income, and Adjusted EBITDA performance for the five-year period. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Overall, the Committee believes the executive compensation program strikes an appropriate balance between incentivizing our executives based on performance, as well as utilizing market competitive pay practices. This is also evidenced by the performance metrics the Committee selected to link pay with performance as described in the section below. See our CD&amp;A in this proxy statement for additional information regarding WBD's pay-for-performance philosophy.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Our executive compensation programs are designed to implement our pay-for-performance compensation philosophy. We strive to ensure a strong alignment between the interests of our stockholders and those of our executives. To align pay and performance, the Committee seeks to utilize metrics that will incentivize our executives to execute against our strategic priorities and deliver long-term sustainable growth. The metrics listed below are the performance measures the Committee deemed as most important for purposes of determining 2025 compensation as further described in our CD&amp;A in this proxy statement. Adjusted EBITDA, Net Revenue and Year-End Global Subscribers were the financial metrics used in our 2025 cash bonus program for the CEO and the 2025 ICP. FCF was the financial metric used for the 2025 Annual PRSU awards and the Supplemental PRSU awards granted in 2025.</span></div><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:9.65pt">See "2025 Financial Metrics" beginning on page <a href="#i02849db37274487e851e741873d34c4c_24763" style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%;text-decoration:none">54</a> for more information on Adjusted EBITDA, Net Revenue and Year-End Global Subscribers and page <a href="#ia02a372c4e644aec841fd369c4adb51e_7631" style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%;text-decoration:none">65</a> for more information on FCF. </span><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Under Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, we are required to provide the ratio of the annual total compensation of our CEO to the annual total compensation of the median-paid employee of the Company ("Median Employee"). Our 2025 CEO to Median Employee pay ratio was calculated in accordance with Item 402(u) of Regulation S-K, and represents a reasonable estimate.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">For 2025, we reidentified our Median Employee as we are required to do every three years under the relevant SEC rules. To determine our employee population, we defined "employee" as any full-time, part-time or temporary individual employed and paid by us or any of our consolidated subsidiaries as of December 31, 2025. We did not include freelance workers, temporary individuals employed and paid by a third party or independent contractors. To identify the Median Employee from our employee population, we used base salary amounts as of December 31, 2025 as our consistently applied compensation measure. For employees paid in foreign currencies, we converted their base salary into U.S. dollar amounts using an exchange rate as of December 31, 2025. We then sorted the employees (excluding our CEO) by their U.S. dollar equivalent base salary amounts and thereby identified our Median Employee. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Using the same methodology we used for our NEOs (including our CEO) as set forth in the 2025 Summary Compensation Table resulted in our Median Employee having annual total compensation o</span><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">f $119,748</span><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">. The 2025 annual total compensation for our CEO as disclosed in the 2025 Summary Compensation Table was $165,009,366. Therefore, the ratio of our CEO’s annual total compensation to the Median Employee’s annual total compensation was 1,378 to 1.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The CEO's annual total compensation for 2025 was significantly higher than in prior years primarily due to a one-time grant of stock options awarded in 2025 in connection with the Zaslav 2025 Employment Agreement. Excluding the value of this one-</span><span style="font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%"></span><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:400;line-height:130%">time grant, Mr. Zaslav's annual total compensation for 2025 would have been $55,416,185. Based on this adjusted amount, the ratio of our CEO's annual total compensation to the Median Employee's annual total compensation would have been 463 to 1.</span></div> <div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.881%"><tr><td style="width:1.0%"></td><td style="width:5.556%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.575%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.402%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.131%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.402%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.018%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.337%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.107%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.817%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.042%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.781%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.000%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.485%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.565%"></td><td style="width:0.1%"></td></tr><tr style="height:42pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Year</span></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Summary<br/>Compensation<br/>Table Total for<br/>CEO</span></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Compensation</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Actually Paid</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">to CEO</span><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Average</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Summary</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Compensation</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Table Total for</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Non-CEO</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">NEOs</span><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(2)(3)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Average</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Compensation</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Actually Paid to</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Non-CEO NEOs</span><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span></div></td><td colspan="12" style="border-bottom:1pt solid #0079c0;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Value of Fixed Initial $100<br/>Investment on<br/>December 31, 2020</span></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Net Income</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(in millions)</span><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(6)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Adjusted</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">EBITDA</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(in millions)</span><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(7)</span></div></td></tr><tr style="height:23pt"><td colspan="6" style="border-top:1pt solid #0079c0;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">WBD</span></td><td colspan="6" style="border-top:1pt solid #0079c0;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Peer</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Group</span><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(5)</span></div></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2025</span></td><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:0 1pt"></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">165,009,366 </span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:0 1pt"></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">636,141,723 </span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:0 1pt"></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">21,430,910 </span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:0 1pt"></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">109,407,589 </span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:0 1pt"></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">96 </span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:0 1pt"></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">228 </span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:0 1pt"></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">749 </span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:0 1pt"></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">8,744 </span></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">51,918,563 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">63,582,984 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">17,839,399 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">16,974,522 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">35 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">167 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(11,482)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">9,032 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2023</span></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">49,702,546 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">64,741,835 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">17,194,027 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">19,194,735 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">38 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">118 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(3,079)</span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">10,200 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">39,288,458 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(40,926,334)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">12,897,862 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">8,377,049 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">32 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">71 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(7,297)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">7,718 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2021</span></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">246,573,481 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">100,779,562 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">10,960,057 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">8,862,525 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">78 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">127 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">1,197 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#e7e7e8;padding:0 1pt"></td><td style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">$</span></td><td style="background-color:#e7e7e8;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">3,817 </span></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div> 165009366 636141723 21430910 109407589 96 228 749000000 8744000000 51918563 63582984 17839399 16974522 35 167 -11482000000 9032000000 49702546 64741835 17194027 19194735 38 118 -3079000000 10200000000 39288458 -40926334 12897862 8377049 32 71 -7297000000 7718000000 246573481 100779562 10960057 8862525 78 127 1197000000 3817000000 <span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:9.65pt">In calculating CAP to the CEO for each year in the table, the following amounts in the table below were deducted from and added to the Summary Compensation Table totals reported in the PVP table above:</span><div style="margin-bottom:6pt;margin-top:14pt;padding-left:13.5pt"><span style="color:#002956;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:700;line-height:120%">CEO — Summary Compensation Table Total to CAP Reconciliation</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:14.4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.074%"><tr><td style="width:1.0%"></td><td style="width:3.922%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.032%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.402%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.032%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.032%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.966%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.119%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.271%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.646%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:0.08pt"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Fiscal</span></div><div style="margin-bottom:0.08pt"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Year</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Summary</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Compensation</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Total</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Summary</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Compensation</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Table Total for</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Stock Awards</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Summary</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Compensation</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Table Total for</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Option Awards</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Granted</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">During the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Year and</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Outstanding</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">and</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Unvested as</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">of FYE:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Fair Value as</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">of FYE</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Granted in</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Prior Years</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Outstanding</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">and Unvested</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">as of FYE:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Change in</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Fair Value as</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">of FYE (from</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Prior FYE)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:6pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Granted</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">During the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">FY that</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Vested</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">during the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">FY:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Fair Value</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">as of the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Vesting</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Date</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Granted in</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Prior FYs</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">that Vested</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">During the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">FY:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Change in</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Fair Value</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">as of the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Vesting</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Date (from</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Prior FYE)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">that Fail to</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Meet the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Applicable</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Vesting</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Conditions</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">During the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">FY:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Fair Value</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">as of FYE</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Dollar Value of</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">any Dividends</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">or other</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Earnings paid</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">on Awards</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">(not otherwise</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">included in total</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">compensation)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Total</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Compensation</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Actually Paid</span></div></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2025</span></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">165,009,366 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(22,597,744)</span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(109,593,181)</span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">563,968,168 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">35,994,178 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">3,360,936 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">636,141,723 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2024</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">51,918,563 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(23,098,980)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">56,517,642 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(11,854,629)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(9,899,612)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">63,582,984 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2023</span></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">49,702,546 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(23,078,769)</span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">34,242,033 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">1,585,715 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2,290,310 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">64,741,835 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2022</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">39,288,458 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(12,025,683)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(1,448,138)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">4,309,229 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(80,586,333)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">9,536,133 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(40,926,334)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2021</span></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">246,573,481 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(13,165,436)</span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(202,889,764)</span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">94,913,135 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(38,068,152)</span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">13,416,298 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">100,779,562 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Our CEO does not have any accumulated benefit under any defined benefit or actuarial pension plans; accordingly, we did not deduct or add any amounts with respect to defined benefit pension plans in calculating CAP to the CEO.</span></div><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:9.15pt">In calculating CAP, the following assumptions were made with respect to adjustments: </span><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(a) for PRSUs without the relative TSR modifier and all RSUs awarded to the CEO and non-CEO NEOs, which included grants made from 2022 through 2025, the awards were re-valued based on the applicable WBD or DISCA stock price on each of December 31, 2021 ($23.54), December 30, 2022 ($9.48) and December 29, 2023 ($11.38), December 31, 2024 ($10.57), and December 31, 2025 ($28.82).</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(b) for PRSUs with the relative TSR modifier awarded to the non-CEO NEOs, which included a portion of the grants made in 2024 and 2025, the awards were re-valued using a Monte Carlo simulation that determines the probability that the performance targets will be achieved. </span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(c) for stock options awarded to the CEO and non-CEO NEOs, which included grants made from 2018 through 2025, the awards were re-valued as of , December 31, 2021, December 31, 2022, December 31, 2023, December 31, 2024, and December 31, 2025 using the Black-Scholes option-pricing model. The assumptions used for each valuation date included stock price, risk-free rate, stock price volatility and expected life as determined in accordance with FASB ASC Topic 718.</span></div> 165009366 -22597744 -109593181 563968168 35994178 0 3360936 0 0 636141723 51918563 -23098980 0 56517642 -11854629 0 -9899612 0 0 63582984 49702546 -23078769 0 34242033 1585715 0 2290310 0 0 64741835 39288458 -12025683 -1448138 4309229 -80586333 0 9536133 0 0 -40926334 246573481 -13165436 -202889764 94913135 -38068152 0 13416298 0 0 100779562 <span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:9.15pt">In calculating CAP, the following assumptions were made with respect to adjustments: </span><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(a) for PRSUs without the relative TSR modifier and all RSUs awarded to the CEO and non-CEO NEOs, which included grants made from 2022 through 2025, the awards were re-valued based on the applicable WBD or DISCA stock price on each of December 31, 2021 ($23.54), December 30, 2022 ($9.48) and December 29, 2023 ($11.38), December 31, 2024 ($10.57), and December 31, 2025 ($28.82).</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(b) for PRSUs with the relative TSR modifier awarded to the non-CEO NEOs, which included a portion of the grants made in 2024 and 2025, the awards were re-valued using a Monte Carlo simulation that determines the probability that the performance targets will be achieved. </span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(c) for stock options awarded to the CEO and non-CEO NEOs, which included grants made from 2018 through 2025, the awards were re-valued as of , December 31, 2021, December 31, 2022, December 31, 2023, December 31, 2024, and December 31, 2025 using the Black-Scholes option-pricing model. The assumptions used for each valuation date included stock price, risk-free rate, stock price volatility and expected life as determined in accordance with FASB ASC Topic 718.</span></div><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:9.01pt">In calculating Average CAP to non-CEO NEOs for each year in the table, the following amounts in the table below were deducted from and added to the Summary Compensation Table totals reported in the PVP table above:</span><div style="margin-bottom:14pt;margin-top:14pt;padding-left:14.4pt"><span style="color:#002956;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average Non–CEO NEOs — Summary Compensation Table Total to CAP Reconciliation</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.665%"><tr><td style="width:1.0%"></td><td style="width:3.892%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.733%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.733%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.338%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.587%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:0.08pt"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Fiscal</span></div><div style="margin-bottom:0.08pt"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Year</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Summary</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Compensation</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Total</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Summary</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Compensation</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Table Total for</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Stock Awards</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Summary</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Compensation</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Table Total for</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Option Awards</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Granted</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">During the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Year and</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Outstanding</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">and</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Unvested as</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">of FYE:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Fair Value as</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">of FYE</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Granted in</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Prior Years</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Outstanding</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">and Unvested</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">as of FYE:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Change in</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Fair Value as</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">of FYE (from</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Prior FYE)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Granted</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">During the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">FY that</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Vested</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">during the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">FY:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Fair Value</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">as of the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Vesting</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Date</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Granted in</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Prior FYs</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">that Vested</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">During the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">FY:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Change in</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Fair Value</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">as of the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Vesting</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Date (from</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Prior FYE)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Awards</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">that Fail to</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Meet the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Applicable</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Vesting</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Conditions</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">During the</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">FY:</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">Fair Value</span></div><div style="text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:125%">as of FYE</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Dollar Value of</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">any Dividends</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">or other</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Earnings paid</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">on Awards</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">(not otherwise</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">included in total</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">compensation)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Total</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Compensation</span></div><div style="margin-bottom:0.08pt;padding-right:-2.63pt;text-align:right"><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:6pt;font-weight:700;line-height:130%">Actually Paid</span></div></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2025</span></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">21,430,910 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(11,194,016)</span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(2,035,027)</span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">26,629,628 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">66,880,681 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">7,430,055 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">265,358 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">109,407,589 </span></div></td><td style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2024</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">17,839,399 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(7,983,727)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(1,639,855)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">11,809,981 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(1,981,594)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(1,069,682)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">16,974,522 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2023</span></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">17,194,027 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(8,035,548)</span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(1,933,921)</span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">10,730,655 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">392,394 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">847,128 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">19,194,735 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2022</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">12,897,862 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(6,164,747)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2,577,204 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(1,326,381)</span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">393,111 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">8,377,049 </span></div></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.08pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2021</span></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">10,960,057 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(1,919,984)</span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(2,442,832)</span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">495,534 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">(824,947)</span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">2,594,697 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">— </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td><td colspan="2" style="background-color:#e7e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:6.5pt;font-weight:400;line-height:130%">8,862,525 </span></div></td><td style="background-color:#e7e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><div style="margin-bottom:0.08pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:112%">Our non-CEO NEOs do not have any accumulated benefit under any defined benefit or actuarial pension plans; accordingly, we did not deduct or add any amounts with respect to defined benefit pension plans in calculating CAP to the non-CEO NEOs.</span></div> 23.54 9.48 11.38 10.57 28.82 <span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:9.06pt">The non-CEO NEOs used for purposes of calculating the average shown for 2025 were: Gunnar Wiedenfels, Chief Financial Officer, Bruce Campbell, Chief Revenue and Strategy Officer, JB Perrette, President and Chief Executive Officer, Global Streaming and Games, and Priya Aiyar, Chief Legal Officer. The non-</span><span style="font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%"></span><span style="background-color:#ffffff;color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:120%">CEO NEOs used for purposes of calculating the average shown for 2024, 2023 and 2022 were: Gunnar Wiedenfels, Chief Financial Officer, Bruce Campbell, Chief Revenue and Strategy Officer, JB Perrette, President and Chief Executive Officer, Global Streaming and Games, and Gerhard Zeiler, President, International. The non-CEO NEOs used for purposes of calculating the average shown for 2021 were: Gunnar Wiedenfels, Chief Financial Officer, Bruce Campbell, Chief Development, Distribution and Legal Officer, JB Perrette, President and Chief Executive Officer, Discovery International, and David Leavy, Chief Corporate Operating Officer.</span> 21430910 -11194016 -2035027 26629628 66880681 7430055 265358 0 0 109407589 17839399 -7983727 -1639855 11809981 -1981594 0 -1069682 0 0 16974522 17194027 -8035548 -1933921 10730655 392394 0 847128 0 0 19194735 12897862 -6164747 0 2577204 -1326381 0 393111 0 0 8377049 10960057 -1919984 -2442832 495534 -824947 0 2594697 0 0 8862525 Peer group used for purposes of this column is the S&amp;P 500 Media and Entertainment Index. <span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:9.2pt">Our Company-selected measure is Adjusted EBITDA, which is a non-GAAP financial measure. See <a href="#i9b87a35877fa46cba3b1c3a09cd9dacc_280" style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:7pt;font-weight:400;line-height:112%;text-decoration:none">Appendix A</a> for the definition of Adjusted EBITDA.</span> Adjusted EBITDA Mr. Zaslav <div style="text-align:center"><span style="color:#002956;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:700;line-height:120%">CEO and Average NEO CAP vs. TSR*</span></div><div style="margin-bottom:6pt;text-align:center"><img alt="03_WBD_CEO-NEO-Cap_TSR.jpg" id="i-243" src="wbd-20260429_g68.jpg" style="height:238px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div>*    The 5-year compensation history of the CEO and the average NEO shows that the disclosed CAP generally aligns with WBD's TSR, Net Income and Adjusted EBITDA performance. The exception to this was the CEO's CAP in 2021 which includes the option grant made to Mr. Zaslav in connection with the signing of the WarnerMedia Transaction and his entry into the Zaslav 2021 Employment Agreement. If the option grant were excluded, Mr. Zaslav's CAP in 2021 would have been less than his CAP in 2020 which aligns with our TSR, Net Income and Adjusted EBITDA performance in 2020 versus 2021. <div style="margin-top:14pt;text-align:center"><span style="color:#002956;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:700;line-height:120%">CEO and Average NEO CAP vs. Net Income (GAAP)</span></div><div style="margin-bottom:6pt;text-align:center"><img alt="03_WBD_CEO-NEO-Cap_Net-Income.jpg" id="i-244" src="wbd-20260429_g69.jpg" style="height:238px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-top:14pt;text-align:center"><span style="color:#002956;font-family:'Adelle Sans',sans-serif;font-size:9pt;font-weight:700;line-height:120%">CEO and Average NEO CAP vs. Adjusted EBITDA (Non-GAAP)</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><img alt="03_WBD_CEO-NEO-Cap_EBITDA.jpg" id="i-245" src="wbd-20260429_g70.jpg" style="height:238px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-bottom:4pt;margin-top:4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:38.859%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:700;line-height:130%">2025 Most Important Performance Measures</span><span style="color:#0079c0;font-family:'Adelle Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;border-top:1pt solid #0079c0;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Adjusted EBITDA</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Net Revenue</span></td></tr><tr><td colspan="3" style="background-color:#e7e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Free Cash Flow</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Adelle Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Year-End Global Subscribers</span></td></tr></table></div> Adjusted EBITDA Net Revenue Free Cash Flow Year-End Global Subscribers