Brent Woodford - Dec 14, 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
Stock symbol
DIS
Transactions as of
Dec 14, 2022
Transactions value $
-$31,223
Form type
4
Date filed
12/16/2022, 07:24 PM
Previous filing
Aug 12, 2022
Next filing
Dec 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIS Disney Common Stock Options Exercise +1.36K +4.75% 30K Dec 14, 2022 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$31.2K -332 -1.11% $94.05 29.7K Dec 14, 2022 Direct F3
holding DIS Disney Common Stock 285 Dec 14, 2022 By 401(k) F4
holding DIS Disney Common Stock 100 Dec 14, 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 -1.36K -20.01% $0.00 5.44K Dec 14, 2022 Disney Common Stock 1.36K Direct F1, F2
transaction DIS Stock Option (Right-to-Buy) Award $0 +7.63K $0.00 7.63K Dec 15, 2022 Disney Common Stock 7.63K $91.62 Direct F5
transaction DIS Restricted Stock Unit Award $0 +6.69K $0.00 6.69K Dec 15, 2022 Disney Common Stock 6.69K 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.