Sonia L. Coleman - 15 Jun 2023 Form 4 Insider Report for Walt Disney Co (DIS)

Role
Sr. EVP and Chief HR Officer
Signature
Chakira H. Gavazzi, as attorney-in-fact
Issuer symbol
DIS
Transactions as of
15 Jun 2023
Net transactions value
-$136,967
Form type
4
Filing time
03 Aug 2023, 17:20:36 UTC
Previous filing
16 Jun 2023
Next filing
27 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 +1,091 +127% 1,947 15 Jun 2023 Direct F1, F2
transaction DIS Disney Common Stock Tax liability $34,990 -378 -19% $92.56 1,569 15 Jun 2023 Direct F3
transaction DIS Disney Common Stock Options Exercise +538 +34% 2,107 22 Jun 2023 Direct F2, F4
transaction DIS Disney Common Stock Tax liability $16,578 -187 -8.9% $88.66 1,920 22 Jun 2023 Direct F5
transaction DIS Disney Common Stock Sale $85,399 -959 -50% $89.05 961 01 Aug 2023 Direct F6
holding DIS Disney Common Stock 750 15 Jun 2023 By 401(k) F7

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 -1,091 -20% $0.000000 4,368 15 Jun 2023 Disney Common Stock 1,091 Direct F1, F2
transaction DIS Restricted Stock Unit Options Exercise $0 -538 -50% $0.000000 538 22 Jun 2023 Disney Common Stock 538 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Previously unreported 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 1,092 stock units on each December 15 of 2023 and 2025; as to 1,092 stock units on each June 15 of 2024 and 2025; and as to 1,091 stock units on December 15, 2024.
F2 Restricted stock units convert into common stock at 1-for-1.
F3 The 378 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 Previously unreported vesting of shares connected with grant under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The remaining 538 stock units vest on June 22, 2024.
F5 The 187 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.
F6 This transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) previously adopted by the reporting person.
F7 Shares held in The Walt Disney Stock Fund as of July 31, 2023. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.