Robert A. Iger - Dec 31, 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 31, 2021
Transactions value $
-$56,347,489
Form type
4
Date filed
1/4/2022, 08:14 PM
Previous filing
Dec 23, 2021
Next filing
Nov 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIS Disney Common Stock Options Exercise +667K +128.05% 1.19M Dec 31, 2021 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$51.8M -333K -28.04% $155.66 855K Dec 31, 2021 Direct F3
transaction DIS Disney Common Stock Options Exercise +60.5K +7.08% 915K Dec 31, 2021 Direct F2, F4
transaction DIS Disney Common Stock Tax liability -$4.5M -28.9K -3.16% $155.66 887K Dec 31, 2021 Direct F5
holding DIS Disney Common Stock 20.6K Dec 31, 2021 By 401(k) F6
holding DIS Disney Common Stock 156 Dec 31, 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 -667K -100% $0.00* 0 Dec 31, 2021 Disney Common Stock 667K Direct F1, F2
transaction DIS Restricted Stock Unit Options Exercise $0 -60.5K -100% $0.00* 0 Dec 31, 2021 Disney Common Stock 60.5K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Robert A. Iger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Vesting of shares connected with grant under The Walt Disney Company's 2002 Executive Performance Plan, previously reported on a Form 4 dated December 16, 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 333,096.4321 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 Vesting of shares connected with grant under The Walt Disney Company's 2002 Executive Performance Plan. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof.
F5 The 28,906 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.
F6 Shares held in The Walt Disney Stock Fund as of December 31, 2021. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.