Robert Kyncl Inks New Contract as CEO of Warner Music Group

After three years at the helm, Robert Kyncl has signed a new deal as CEO of Warner Music Group.

The amendments:

• Music Business Worldwide cites documents filed with the US Securities & Exchange Commission (SEC) on December 1, which outline the amendments to Kyncl’s employment terms.

• His package is linked to the company’s share price performance.

• The exec will receive a grant of stock options worth $10 million, split into three equal tranches.

• Each tranche vests only if Warner’s stock surpasses a price equivalent to a total shareholder return of 8%, 10% or 12%, respectively, and holds above that level for at least 20 straight trading days within the next three years.

• MBW also states that the deal introduces a new $5 million annual Performance Stock Unit grant, active as of January 2026, “vesting after three years based on financial targets.”

• Kyncl’s severance (without “cause”) package will equal 12 months’ total target compensation, plus a year’s worth of health coverage, and a pro-rata annual bonus for the year in which he’s terminated.

• Warner’s SEC filing says these are the only changes to Kyncl’s previous terms of employment.

Performance review:

• From fiscal year 2022 to fiscal 2025, Kyncl has guided the company’s annual revenue from USD $5.92 billion to USD $6.71 billion.