Another WMG Exec, Another 75K Shares

UPDATED CORRECTION:  WMG’s Mark David was granted 75,000 additional stock options as part of his promotion to Executive Vice President, Human Resources and Chief Compliance Officer of  the label group. He did not cash stock in a Lyor Cohen did. Here is the SEC filing.

I’m no expert, but granting 75,000 options to its head of HR still does not seem like something a company that is loosing money should be doing.

Following last week’s much criticized sale of $6.8 million…

dollars in Warner Music Group’s by Lyor Cohen, you would
think that other senior execs might wait before selling any significant
holdings.  Apparently, not.

While the transaction is dwarfed in comparison to Cohen’s,
WMG EVP of Human Resources Mark David Ansorge cashed in 75,000 shares
of company stock at $7.56 per share for a total of $567,000.  Ansorge
still holds WMG stock currently worth another $700,000 – $800,000. (SEC filing)