Kristina K. Schake - 15 Dec 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: 15 Dec 2023
Net transactions value: -$77,928
Form type: 4
Filing time: 19 Dec 2023, 17:52:35 UTC
Previous filing: 29 Sep 2023
Next filing: 29 Dec 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		+1,682	+40%		5,890	15 Dec 2023	Direct	F1, F2
transaction	DIS	Disney Common Stock	Tax liability	$77,928	-834	-14%	$93.44	5,056	15 Dec 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	-1,682	-33%	$0.000000	3,363	15 Dec 2023	Disney Common Stock	1,682		Direct	F1, F2
transaction	DIS	Stock Option (Right-to-Buy)	Award	$0	+29,735		$0.000000	29,735	15 Dec 2023	Disney Common Stock	29,735	$93.44	Direct	F4
transaction	DIS	Restricted Stock Unit	Award	$0	+10,199		$0.000000	10,199	15 Dec 2023	Disney Common Stock	10,199		Direct	F2, F5

* 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 1,681 stock units on December 15, 2024, and as to 1,682 stock units on December 15, 2025.
F2	Restricted stock units convert into common stock at 1-for-1.
F3	The 834 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	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 9,912 shares on each December 15 of 2024 and 2026; and as to 9,911 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 35,476.
F5	This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The award is scheduled to vest as to 3,400 stock units on each December 15 of 2024 and 2026; and as to 3,399 stock units on December 15, 2025.