Kristina K. Schake - 27 Jun 2023 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 Jun 2023
Net transactions value
-$111,166
Form type
4
Filing time
28 Jun 2023, 18:28:51 UTC
Previous filing
28 Dec 2022
Next filing
29 Sep 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 +3,608 +198% 5,426 27 Jun 2023 Direct F1, F2
transaction DIS Disney Common Stock Tax liability $111,166 -1,248 -23% $89.08 4,178 27 Jun 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 -3,608 -20% $0.000000 14,432 27 Jun 2023 Disney Common Stock 3,608 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 December 27 of 2023 and 2024; and as to 3,608 stock units on each June 27 of 2024 and 2025.
F2 Restricted stock units convert into common stock at 1-for-1.
F3 The 1,248 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.