Brent Woodford - 14 Dec 2022 Form 4 Insider Report for Walt Disney Co (DIS)

Role: EVP, Control, Fin Plan & Tax
Signature: /s/ Jolene E. Negre, as attorney-in-fact
Issuer symbol: DIS
Transactions as of: 14 Dec 2022
Net transactions value: -$31,223
Form type: 4
Filing time: 16 Dec 2022, 19:24:37 UTC
Previous filing: 12 Aug 2022
Next filing: 20 Dec 2022
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		+1,361	+4.8%		29,985	14 Dec 2022	Direct	F1, F2
transaction	DIS	Disney Common Stock	Tax liability	$31,223	-332	-1.1%	$94.04	29,653	14 Dec 2022	Direct	F3
holding	DIS	Disney Common Stock						285	14 Dec 2022	By 401(k)	F4
holding	DIS	Disney Common Stock						100	14 Dec 2022	By Spouse in IRA

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	-1,361	-20%	$0.000000	5,442	14 Dec 2022	Disney Common Stock	1,361		Direct	F1, F2
transaction	DIS	Stock Option (Right-to-Buy)	Award	$0	+7,625		$0.000000	7,625	15 Dec 2022	Disney Common Stock	7,625	$91.62	Direct	F5
transaction	DIS	Restricted Stock Unit	Award	$0	+6,686		$0.000000	6,686	15 Dec 2022	Disney Common Stock	6,686		Direct	F2, F6

* 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 Amended and Restated 2011 Stock Incentive Plan. The remaining stock units vest as to 1,361 stock units on each December 14 of 2023 and 2024; and as to 1,360 stock units on each June 14 of 2023 and 2024.
F2	Restricted stock units convert into common stock at 1-for-1.
F3	The 332 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.
F4	Shares held in The Walt Disney Stock Fund as of December 14, 2022. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.
F5	Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option is scheduled to vest in six equal installments on each June 15 and December 15 of 2023 through 2025.
F6	This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The award is scheduled to vest in six equal installments on each June 15 and December 15 of 2023 through 2025.