Paul J. Richardson - 08 Mar 2023 Form 4 Insider Report for Walt Disney Co (DIS)

Role: Sr. EVP and Chief HR Officer
Signature: /s/ Jolene E. Negre as attorney-in-fact
Issuer symbol: DIS
Transactions as of: 08 Mar 2023
Net transactions value: -$26,323
Form type: 4
Filing time: 09 Mar 2023, 18:04:02 UTC
Previous 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		+772	+13%		6,707	08 Mar 2023	Direct	F1, F2
transaction	DIS	Disney Common Stock	Tax liability	$26,323	-266	-4%	$98.96	6,441	08 Mar 2023	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	-772	-50%	$0.000000	772	08 Mar 2023	Disney Common Stock	772		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 772 restricted stock units vest on March 8, 2024.
F2	Restricted stock units convert into common stock at 1-for-1.
F3	The 266 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.