Robert A. Iger - Dec 15, 2023 Form 4 Insider Report for Walt Disney Co (DIS)

Role
Chief Executive Officer, Director
Signature
/s/ Jolene E. Negre, as attorney-in-fact
Stock symbol
DIS
Transactions as of
Dec 15, 2023
Transactions value $
-$1,555,012
Form type
4
Date filed
12/19/2023, 05:52 PM
Previous filing
Nov 29, 2023
Next filing
Dec 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIS Disney Common Stock Options Exercise +34.7K +20.86% 201K Dec 17, 2023 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$1.56M -16.6K -8.29% $93.44 184K Dec 17, 2023 Direct F3
holding DIS Disney Common Stock 156 Dec 15, 2023 By Spouse
holding DIS Disney Common Stock 20.6K Dec 15, 2023 By 401(k) F4

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 Stock Option (Right-to-Buy) Award $0 +374K $0.00 374K Dec 15, 2023 Disney Common Stock 374K $93.44 Direct F5
transaction DIS Restricted Stock Unit Options Exercise $0 -34.7K -100% $0.00* 0 Dec 17, 2023 Disney Common Stock 34.7K 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, previously reported on a Form 4 dated November 29, 2023.
F2 Restricted stock units convert into common stock at 1-for-1.
F3 The 16,642 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 Shares held in The Walt Disney Stock Fund as of December 18, 2023. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.
F5 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 as to 124,806 shares on each December 15 of 2024 and 2026; and as to 124,805 shares on December 15, 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 335,030.