Kathryn J. McLay - 12 Mar 2024 Form 4 Insider Report for Walmart Inc. (WMT)

Signature
/s/ Jennifer F. Rudolph, by power of attorney
Issuer symbol
WMT
Transactions as of
12 Mar 2024
Net transactions value
-$374,000
Form type
4
Filing time
23 Apr 2025, 18:10:59 UTC
Previous filing
02 Feb 2024
Next filing
15 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMT Common Award $0 +212,146 +24% $0.000000 1,100,455 12 Mar 2024 Direct F1
transaction WMT Common Sale $374,000 -4,000 -0.36% $93.50 1,096,455 21 Apr 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents restricted stock units earned by the Reporting Person upon achievement of performance goals for the one-year period ended January 31, 2024, as certified by the Compensation and Management Development Committee on March 12, 2024. The restricted stock units are scheduled to vest January 31, 2026, if the Reporting Person remains employed by the Issuer on that date.
F2 This sale was executed in multiple trades, each at the price of $93.50 per share, pursuant to a Rule 10b5-1 Plan that was entered into by the Reporting Person during an open trading window and was disclosed by the Issuer on Form 8-K on November 22, 2024. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.