Gaming & Lodging

Warner Music Group Executive Compensation (FY25)

Name: Warner Music Group (WMG) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

WMG · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Robert Kyncl

Median of the other named officers

$5,372,455

5 officers, excluding the chief executive

Latest say-on-pay support

March 5, 2024

Chief executive pay ratio

◇

To the median employee

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Data as of November 4, 2026Latest filing: September 22, 2026

9 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

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224 figures on this page: 222 cited to the filing that reported them, 2 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Warner Music Group's chief executive and what were they paid?

Robert Kyncl was paid $15,909,250 in total compensation as Chief Executive Officer for fiscal 2025. Kyncl's total moved 14.6% lower from the $18,632,606 reported for fiscal 2024.

What was Warner Music Group's say-on-pay result?

The say-on-pay proposal drew 99.7% of votes cast for or against in favor at the meeting held March 5, 2024 for fiscal 2023.

Which companies are in Warner Music Group's peer group?

Companies named in the disclosed peer group include Electronics Arts Inc., Endeavor Group Holdings, Inc., Formula One Group, Live Nation Entertainment, Inc. and Match Group Inc., among others.

What is Warner Music Group's chief executive pay ratio?

The disclosed chief executive pay ratio for fiscal 2025 is 191:1, against median employee compensation of $83,212.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Stephen Cooper CEO	◇	—	◇	—	—	—	◇	◇
Max Lousada CEO, Warner Recorded Music	◇	◇	—	—	◇	—	◇	◇
Guy Moot Co-Chair and CEO, Warner Chappell Music	◇	◇	◇	—	—	—	◇	◇
Carianne Marshall Co-Chair and COO, Warner Chappell Music	◇	◇	◇	—	—	—	◇	◇
Eric Levin Executive Vice President and Chief Financial Officer	◇	◇	◇	—	—	—	◇	◇
Louis Dickler Senior Vice President & Corporate Controller, Former Acting Chief Financial Officer Served on an interim basis	◇	◇	◇	—	—	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Robert Kyncl Chief Executive Officer	◇	◇	◇	—	—	—	◇	◇
Stephen Cooper Former CEO Departed during or after this year	◇	—	◇	—	—	—	—	◇
Max Lousada CEO, Warner Recorded Music	◇	◇	◇	—	—	—	◇	◇
Guy Moot Co-Chair and CEO, Warner Chappell Music	◇	◇	◇	—	—	—	◇	◇
Carianne Marshall Co-Chair and COO, Warner Chappell Music	◇	◇	◇	—	—	—	◇	◇
Eric Levin Former Chief Financial Officer Departed during or after this year	◇	◇	◇	—	—	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Robert Kyncl Chief Executive Officer	◇	◇	◇	—	—	—	◇	◇
Max Lousada Former CEO, Warner Recorded Music Departed during or after this year	◇	◇	◇	—	—	—	◇	◇
Guy Moot Co-Chair and Chief Executive Officer, Warner Chappell Music	◇	◇	◇	—	—	—	◇	◇
Bryan Castellani Chief Financial Officer	◇	◇	◇	—	—	—	◇	◇
Carianne Marshall Co-Chair and Chief Operating Officer, Warner Chappell Music	◇	◇	◇	—	—	—	◇	◇
Eric Levin Former Chief Financial Officer Departed during or after this year	◇	◇	◇	—	—	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Robert Kyncl Chief Executive Officer	◇	◇	◇	—	—	—	◇	◇
Armin Zerza Executive Vice President and Chief Financial Officer	◇	◇	◇	—	—	—	◇	◇
Guy Moot Co-Chair and Chief Executive Officer, Warner Chappell Music	◇	◇	◇	—	—	—	◇	◇
Carianne Marshall Co-Chair and Chief Operating Officer, Warner Chappell Music	◇	◇	◇	—	—	—	◇	◇
Carletta Higginson Executive Vice President and Chief Digital Officer	◇	◇	◇	—	—	—	◇	◇
Bryan Castellani Former Chief Financial Officer Departed during or after this year	◇	◇	◇	—	—	—	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Armin Zerza	RSU	◇	—	—	◇	—	—	◇
Armin Zerza	OPTION	◇	—	—	◇	—	◇	◇
Bryan Castellani	RSU	◇	—	—	◇	—	—	◇
Carianne Marshall	RSU	◇	—	—	◇	—	—	◇
Carletta Higginson	RSU	◇	—	—	◇	—	—	◇
Guy Moot	RSU	◇	—	—	◇	—	—	◇
Robert Kyncl	RSU	◇	—	—	◇	—	—	◇

Fiscal 2022, 2023, 2024 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Armin Zerza	Option	◇	—	◇	05/12/2035
	RSU	◇	◇	—	—
Robert Kyncl	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Bryan Castellani	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Carletta Higginson	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Guy Moot	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Carianne Marshall	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Robert Kyncl

Chief Executive Officer · Terms as described in the company’s compensation discussion · dated January 2, 2025

Severance cash amount	◇
Benefits continuation	◇

Armin Zerza

Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion

Severance cash amount

◇

Bryan Castellani

Former Chief Financial Officer · Terms as described in the company’s compensation discussion

Severance cash amount	◇
Change-in-control trigger	◇
Equity acceleration on change in control	◇

Carianne Marshall

Co-Chair and Chief Operating Officer, Warner Chappell Music · Terms as announced by the company

Severance multiple	◇
Severance base	◇
Severance cash amount	◇

Carletta Higginson

Executive Vice President and Chief Digital Officer · Terms as described in the company’s compensation discussion

Severance cash amount

◇

Guy Moot

Co-Chair and Chief Executive Officer, Warner Chappell Music · Terms as described in the company’s compensation discussion

Severance cash amount	◇
Change-in-control trigger	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Michael Lynton Board chair	◇	◇	—	—	—	—	◇
Nancy Dubuc	◇	◇	—	—	—	—	◇
Noreena Hertz	◇	◇	—	—	—	—	◇
Ynon Kreiz	◇	◇	—	—	—	—	◇
Ceci Kurzman	◇	◇	—	—	—	—	◇
Mathias Döpfner	◇	◇	—	—	—	—	◇

Lincoln Benet, Donald A. Wagner, Len Blavatnik, Robert Kyncl and Valentin Blavatnik served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Board chair premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇

Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2024

Electronics Arts Inc. EA
Endeavor Group Holdings, Inc. EDR
Formula One Group symbol not shown
Live Nation Entertainment, Inc. LYV
Match Group Inc. MTCH
Spotify Technology SA SPOT
Take-Two Interactive Software, Inc. TTWO
TKO Group Holdings, Inc. TKO
Universal Music Group N.V. UMG

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2023	March 5, 2024	=	◇	◇	◇
2020	March 2, 2021	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”

- Robert Kyncl (Chief Executive Officer), FY2025 total compensation $15,909,250 (base salary $2,000,000) [exec_comp, SEC accession 0001140361-26-001664, filed 2026-01-20]

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What this page does not include

Everything above is a fact Warner Music Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Warner Music Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $500

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

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Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

224 figures on this page: 222 cited to the filing that reported them, 2 calculated from figures it prints.

222 cited to the filing

2 calculated from the filing

Documents cited

Filing, filed September 22, 2026
DEF 14A, filed January 20, 2026
0001140361-26-001664
DIRECTOR COMPENSATION · Grants of Plan-Based Awards · Outstanding Equity Awards at 2025 Fiscal Year-End · Summary Compensation Table · and 1 more section
Filing, filed January 20, 2026
DEF 14A, filed January 21, 2025
0001140361-25-001453
Summary Compensation Table
EX-10, filed January 3, 2025
0001193125-25-001503
EX-10.1
8-K, filed March 8, 2024
0001193125-24-062816
Proposal 3: The Company’s stockholders voted to approve the compensation paid to the Company’s named executive officers.
DEF 14A, filed January 18, 2024
0001140361-24-002637
Summary Compensation Table
DEF 14A, filed January 19, 2023
0001140361-23-002065
8-K, filed March 3, 2021
0001193125-21-066638

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Velarion, “Warner Music Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/WMG (accessed 2026).

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The paid brief for Warner Music Group

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

From $500 for the board report; $900 for both.

Get the executive brief Get the board briefNo account needed.

9 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Gaming & Lodging rankings

Chief executive pay — Gaming & Lodging CEO pay ratio — Gaming & Lodging Say-on-pay support — Gaming & Lodging

Peers Warner Music Group discloses

The companies named in WMG's own disclosed peer group.

Electronics Arts Inc.Endeavor Group Holdings, Inc.Live Nation Entertainment, Inc.Match Group Inc.Take-Two Interactive Software, Inc.TKO Group Holdings, Inc.

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}

More on Warner Music Group

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

What this page does not include

Citations

Documents cited

The paid brief for Warner Music Group

Gaming & Lodging rankings

Peers Warner Music Group discloses

Terms on this page