Horacio E. Gutierrez - Dec 14, 2022 Form 4 Insider Report for Walt Disney Co (DIS)

Role
Sr EVP and General Counsel
Signature
/s/ Jolene E. Negre, as attorney-in-fact
Stock symbol
DIS
Transactions as of
Dec 14, 2022
Transactions value $
-$293,608
Form type
4
Date filed
12/16/2022, 07:25 PM
Previous filing
Mar 10, 2022
Next filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIS Disney Common Stock Options Exercise +6.3K +52458.33% 6.31K Dec 14, 2022 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$294K -3.12K -49.5% $94.05 3.19K Dec 14, 2022 Direct F3

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 -6.3K -33.34% $0.00 12.6K Dec 14, 2022 Disney Common Stock 6.3K Direct F1, F2
transaction DIS Stock Option (Right-to-Buy) Award $0 +48.3K $0.00 48.3K Dec 15, 2022 Disney Common Stock 48.3K $91.62 Direct F4
transaction DIS Restricted Stock Unit Award $0 +18.1K $0.00 18.1K Dec 15, 2022 Disney Common Stock 18.1K Direct F2, F5
* 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 6,294 stock units on December 14, 2023, and as to 6,295 stock units on December 14, 2024.
F2 Restricted stock units convert into common stock at 1-for-1.
F3 The 3,122 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 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 three equal installments on each December 15 of 2023 through 2025. In connection with this stock option award, the reporting person also was awarded restricted stock units whose vesting is subject to performance vesting criteria. The number of stock units vesting depends on the extent to which the performance criteria are satisfied, and ranges from zero to 65,940.
F5 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 three equal installments on each December 15 of 2023 through 2025.