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

Signature
/s/ Jolene E. Negre, as attorney-in-fact
Stock symbol
DIS
Transactions as of
Dec 15, 2023
Transactions value $
-$103,904
Form type
4
Date filed
12/19/2023, 05:53 PM
Previous filing
Dec 15, 2023
Next filing
Jan 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIS Disney Common Stock Options Exercise +1.09K +66.87% 2.73K Dec 15, 2023 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$50.7K -543 -19.93% $93.44 2.18K Dec 15, 2023 Direct F3
transaction DIS Disney Common Stock Options Exercise +1.15K +52.52% 3.33K Dec 17, 2023 Direct F2, F4
transaction DIS Disney Common Stock Tax liability -$53.2K -569 -17.1% $93.44 2.76K Dec 17, 2023 Direct F5
holding DIS Disney Common Stock 776 Dec 15, 2023 By 401(k) F6

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 +33.1K $0.00 33.1K Dec 15, 2023 Disney Common Stock 33.1K $93.44 Direct F7
transaction DIS Restricted Stock Unit Award $0 +11.3K $0.00 11.3K Dec 15, 2023 Disney Common Stock 11.3K Direct F2, F8
transaction DIS Restricted Stock Unit Options Exercise $0 -1.09K -20% $0.00 4.37K Dec 15, 2023 Disney Common Stock 1.09K Direct F1, F2
transaction DIS Restricted Stock Unit Options Exercise $0 -1.15K -100% $0.00* 0 Dec 17, 2023 Disney Common Stock 1.15K Direct F2, F4
* 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 1,092 stock units on June 15, 2024; as to 1,091 stock units on December 15, 2024; as to 1,092 stock units on June 15, 2025; and as to 1,092 stock units on December 15, 2025.
F2 Restricted stock units convert into common stock at 1-for-1.
F3 The 543 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 Vesting of shares connected with grant under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan.
F5 The 569 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 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.
F7 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 in three equal installments on each December 15 of 2024 through 2026. 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 39,436.
F8 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 3,780 stock units on December 15, 2024; and as to 3,779 stock units on each December 15 of 2025 and 2026.