Anton J. Levy
Director at WBD
Board
About Anton J. Levy
Anton J. Levy (age 50) is the Co‑President, Managing Director, and Global Head of Technology at General Atlantic, with a 27‑year track record scaling global technology businesses and leading investments across Airbnb, Alibaba, CrowdStrike, Facebook, Klarna, Mercado Libre, Slack, Snapchat, Squarespace, and Uber. He holds a BS from the University of Virginia and an MBA from Columbia University. Levy is nominated as a new independent director for election at WBD’s 2025 Annual Meeting to a one‑year term ending at the 2026 Annual Meeting; the Board has determined he meets Nasdaq independence standards and WBD’s guidelines .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| General Atlantic | Co‑President, Managing Director, Global Head of Technology | 1998–2025 | Led global technology investments and firm expansion; value creation across major tech platforms |
| Squarespace, Inc. | Director | 2014–2024 (public board 2021–2024) | Board oversight during growth and public company phase |
External Roles
| Organization | Role | Tenure | Current/Former |
|---|---|---|---|
| None | — | — | Current: None |
| Squarespace, Inc. | Director | 2021–2024 | Former public company directorship |
Board Governance
- Status: New independent director nominee; no committee assignments at nomination. If elected, he will serve a one‑year term expiring at the 2026 Annual Meeting .
- Independence: Board determined Levy is independent under Nasdaq rules and WBD guidelines; also meets audit and compensation committee independence standards if appointed in future .
- Board attendance context: In 2024, the Board and its committees held 38 meetings; all incumbent directors attended at least 90% of their meetings. Levy was not yet on the Board in 2024 .
- Stockholder engagement: Following the 2024 Annual Meeting, independent directors participated in 100% of engagement meetings; Board engaged holders representing 36% of outstanding shares .
Fixed Compensation
| Component | 2025 Annual Amount | Notes |
|---|---|---|
| Board Member Cash Retainer | $105,000 | Paid quarterly; directors may elect stock in lieu of cash |
| Annual Equity Grant (RSUs) | $240,000 | RSUs vest at earlier of one‑year anniversary or next Annual Meeting; number of RSUs = grant value ÷ prior‑day closing price; no dividend rights |
| Audit Committee Chair | $40,000 | Additional cash retainer |
| Audit Committee Member | $20,000 | Additional cash retainer |
| Compensation Committee Chair | $35,000 | Additional cash retainer |
| Compensation Committee Member | $20,000 | Additional cash retainer |
| Nominating & Corp. Gov. Chair | $25,000 | Additional cash retainer |
| Nominating & Corp. Gov. Member | $10,000 | Additional cash retainer |
Additional features:
- Deferred compensation: Non‑employee directors can defer up to 100% of cash and equity; cash deferrals can be invested in notional WBD stock; settlement per Deferral Plan .
- No pensions; reimbursement of Board‑related out‑of‑pocket costs; charitable match up to $20,000/year .
Performance Compensation
- Director equity is time‑based RSUs; no performance metrics (e.g., EBITDA/TSR) are used for non‑employee director grants. RSUs vest 100% at the earlier of the one‑year anniversary of grant or the next Annual Meeting, subject to continued service .
Other Directorships & Interlocks
| Entity | Relationship to WBD | Potential Interlock/Transaction | Notes |
|---|---|---|---|
| General Atlantic portfolio (e.g., Airbnb, Alibaba, etc.) | Investor (Levy’s firm) | Not disclosed as related‑party transactions | WBD policies require committee review and approval of any related‑person transactions; none disclosed involving Levy or General Atlantic . |
Board‑level related‑party disclosures (context):
- SoFi ad purchases (~$20M revenue to WBD in 2024; CEO is WBD director Noto) .
- Angi ad purchases (~$1.8M revenue in 2024 during Levin’s interim CEO period) .
- Wiz cybersecurity services (anticipated ~$2.3M in 2025; Merchant is Wiz President/CFO) .
- No disclosures involving Levy or General Atlantic .
Expertise & Qualifications
- Global technology investor with scaling expertise in digital platforms, cybersecurity, and e‑commerce; extensive value creation track record .
- Digital growth strategy and international expansion experience enhancing oversight of WBD’s streaming and studios transformation .
- Prior public board experience at Squarespace; committee experience at General Atlantic .
Equity Ownership
| Item | Policy/Status | Details |
|---|---|---|
| Director stock ownership guidelines | 5x annual cash retainer; reach within 5 years | Counts beneficially owned shares, unvested RSUs, deferred stock; options excluded. All directors at 12/31/24 met or were on track; Levy will be subject to guideline upon joining . |
| Hedging/derivatives policy | Prohibited | Directors may not trade puts/calls or short sales; hedging only with CLO approval; aim to protect alignment . |
| Pledging | Not specifically disclosed; insider policy restricts derivative transactions | Alignment reinforced via ownership guidelines and insider trading policy . |
Governance Assessment
- Strengths: Independence affirmed; deep technology and digital investment expertise aligned to WBD’s strategic pivot (Streaming & Studios, global DTC); Board compensation weighted to equity; robust ownership guidelines; strong related‑party oversight and clawback/hedging restrictions—positive alignment signals for investors .
- Engagement credibility: Board responsiveness to shareholder feedback (special meeting rights at 20% with one‑year holding period) underscores accountability ethos; independent directors led outreach .
- Committee readiness: Levy meets audit and compensation committee independence criteria—eligible for future committee service if appointed .
- Potential conflicts: General Atlantic’s broad portfolio could intersect commercially with WBD, but no related‑party transactions disclosed involving Levy; WBD’s Nominating & Corporate Governance Committee must pre‑approve any related‑person transactions—mitigates conflict risk .
- Attendance: Not applicable for 2024; Board attendance strong among incumbents (≥90%), indicating an engaged governance environment Levy would enter .
RED FLAGS: None disclosed specific to Levy (no related‑party transactions, pledging, or attendance issues). Monitor for any future WBD transactions with General Atlantic portfolio companies; ensure adherence to Item 404 review/approval processes .