Robert A. Iger - Dec 19, 2021 Form 4 Insider Report for Walt Disney Co (DIS)

Role
Executive Chairman, Director
Signature
/s/ Jolene E. Negre, as attorney-in-fact
Stock symbol
DIS
Transactions as of
Dec 19, 2021
Transactions value $
-$3,095,045
Form type
4
Date filed
12/21/2021, 08:23 PM
Previous filing
Dec 16, 2021
Next filing
Dec 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIS Disney Common Stock Options Exercise +36.5K +7.3% 537K Dec 19, 2021 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$2.7M -18.2K -3.4% $148.21 518K Dec 19, 2021 Direct F3
transaction DIS Disney Common Stock Options Exercise +5.3K +1.02% 524K Dec 19, 2021 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$392K -2.65K -0.51% $148.21 521K Dec 19, 2021 Direct F4
holding DIS Disney Common Stock 20.6K Dec 19, 2021 By 401(k) F5
holding DIS Disney Common Stock 156 Dec 19, 2021 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DIS Restricted Stock Unit Options Exercise $0 -36.5K -100% $0.00* 0 Dec 19, 2021 Disney Common Stock 36.5K Direct F1, F2
transaction DIS Restricted Stock Unit Options Exercise $0 -5.3K -100% $0.00* 0 Dec 19, 2021 Disney Common Stock 5.3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan, previously reported on a Form 4 dated December 2, 2021. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof.
F2 Restricted stock units convert into common stock at 1-for-1.
F3 The 18,236.0774 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. The total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares.
F4 The 2,647.4604 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. The total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares.
F5 Shares held in The Walt Disney Stock Fund as of December 17, 2021. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.