Kristina K. Schake - 27 Dec 2022 Form 4 Insider Report for Walt Disney Co (DIS)

Role: Sr. EVP and Chief Comm Officer
Signature: /s/ Jolene E. Negre, as attorney-in-fact
Issuer symbol: DIS
Transactions as of: 27 Dec 2022
Net transactions value: -$155,554
Form type: 4
Filing time: 28 Dec 2022, 15:40:57 UTC
Previous filing: 16 Dec 2022
Next filing: 28 Jun 2023
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		+3,607			3,607	27 Dec 2022	Direct	F1, F2
transaction	DIS	Disney Common Stock	Tax liability	$155,554	-1,789	-50%	$86.95	1,818	27 Dec 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	-3,607	-17%	$0.000000	18,040	27 Dec 2022	Disney Common Stock	3,607		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 Amended and Restated 2011 Stock Incentive Plan. The remaining stock units vest as to 3,608 stock units on each June 27 of 2023 through 2025, and as to 3,608 stock units on each December 27 of 2023 and 2024.
F2	Restricted stock units convert into common stock at 1-for-1.
F3	The 1,789 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.