ROBERT A. IGER - 19 Dec 2021 Form 4 Insider Report for Walt Disney Co (DIS)

Role: Executive Chairman, Director
Signature: /s/ Jolene E. Negre, as attorney-in-fact
Issuer symbol: DIS
Transactions as of: 19 Dec 2021
Net transactions value: -$3,095,045
Form type: 4
Filing time: 21 Dec 2021, 20:23:53 UTC
Previous filing: 16 Dec 2021
Next filing: 23 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DIS	Disney Common Stock	Options Exercise		+36,519	+7.3%		536,519	19 Dec 2021	Direct	F1, F2
transaction	DIS	Disney Common Stock	Tax liability	$2,702,678	-18,236	-3.4%	$148.20	518,283	19 Dec 2021	Direct	F3
transaction	DIS	Disney Common Stock	Options Exercise		+5,299	+1%		523,582	19 Dec 2021	Direct	F1, F2
transaction	DIS	Disney Common Stock	Tax liability	$392,367	-2,647	-0.51%	$148.20	520,935	19 Dec 2021	Direct	F4
holding	DIS	Disney Common Stock						20,552	19 Dec 2021	By 401(k)	F5
holding	DIS	Disney Common Stock						156	19 Dec 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	-36,519	-100%	$0.000000^*	0	19 Dec 2021	Disney Common Stock	36,519		Direct	F1, F2
transaction	DIS	Restricted Stock Unit	Options Exercise	$0	-5,299	-100%	$0.000000^*	0	19 Dec 2021	Disney Common Stock	5,299		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.