Brett M. Biggs - Mar 7, 2022 Form 4 Insider Report for Walmart Inc. (WMT)

Role: Executive Vice President
Signature: /s/ Kristopher A. Isham, by power of attorney
Stock symbol: WMT
Transactions as of: Mar 7, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/9/2022, 05:40 PM
Previous filing: Mar 4, 2022
Next filing: Apr 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WMT	Common Stock	Award	$0	+46.6K	+18.8%	$0.00	295K	Mar 7, 2022	Direct	F1
holding	WMT	Common Stock						417	Mar 7, 2022	By 401(k)

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 7, 2022, the Compensation and Management Development Committee certified achievement of performance goals for awards subject to performance criteria for the one-year period ended Jan. 31, 2022. This number represents restricted stock units earned by the Reporting Person in accordance with a performance-based restricted stock unit award and that are scheduled to vest on Jan. 31, 2024 if the Reporting Person remains employed by the Issuer on that date. This award is expected to be forfeit and cancelled upon the Reporting Person's anticipated retirement date on January 31, 2023 in accordance with the terms of the Retirement Agreement filed by the Issuer on Form 8-K on November 29, 2021.

Content

On March 7, 2022, the Compensation and Management Development Committee certified achievement of performance goals for awards subject to performance criteria for the one-year period ended Jan. 31, 2022. This number represents restricted stock units earned by the Reporting Person in accordance with a performance-based restricted stock unit award and that are scheduled to vest on Jan. 31, 2024 if the Reporting Person remains employed by the Issuer on that date. This award is expected to be forfeit and cancelled upon the Reporting Person's anticipated retirement date on January 31, 2023 in accordance with the terms of the Retirement Agreement filed by the Issuer on Form 8-K on November 29, 2021.