Brent Woodford - Dec 15, 2023 Form 4 Insider Report for Walt Disney Co (DIS)

Role
EVP, Control, Fin Plan & Tax
Signature
/s/ Jolene E. Negre, as attorney-in-fact
Stock symbol
DIS
Transactions as of
Dec 15, 2023
Transactions value $
-$509,511
Form type
4
Date filed
12/19/2023, 05:56 PM
Previous filing
Dec 15, 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 +1.11K +3.55% 32.5K Dec 15, 2023 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$41K -439 -1.35% $93.44 32K Dec 15, 2023 Direct F3
transaction DIS Disney Common Stock Options Exercise +2.46K +7.69% 34.5K Dec 17, 2023 Direct F2, F4
transaction DIS Disney Common Stock Tax liability -$85.2K -912 -2.64% $93.44 33.6K Dec 17, 2023 Direct F5
transaction DIS Disney Common Stock Options Exercise $1.36M +18.8K +55.94% $72.59 52.4K Dec 18, 2023 Direct F6
transaction DIS Disney Common Stock Sale -$1.75M -18.8K -35.87% $92.99 33.6K Dec 18, 2023 Direct F6
holding DIS Disney Common Stock 100 Dec 15, 2023 By Spouse in IRA
holding DIS Disney Common Stock 285 Dec 15, 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 -1.11K -19.99% $0.00 4.46K Dec 15, 2023 Disney Common Stock 1.11K Direct F1, F2
transaction DIS Stock Option (Right-to-Buy) Award $0 +16.8K $0.00 16.8K Dec 15, 2023 Disney Common Stock 16.8K $93.44 Direct F8
transaction DIS Restricted Stock Unit Award $0 +13.5K $0.00 13.5K Dec 15, 2023 Disney Common Stock 13.5K Direct F2, F9
transaction DIS Restricted Stock Unit Options Exercise $0 -2.46K -100% $0.00* 0 Dec 17, 2023 Disney Common Stock 2.46K Direct F2, F4
transaction DIS Stock Option (Right-to-Buy) Options Exercise $0 -18.8K -100% $0.00* 0 Dec 18, 2023 Disney Common Stock 18.8K $72.59 Direct F6, F10
* 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 1,115 stock units on June 15, 2024; as to 1,114 stock units on December 15, 2024 and June 15, 2025; and as to 1,115 stock units on December 15, 2025.
F2 Restricted stock units convert into common stock at 1-for-1.
F3 The 439 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 912 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 on December 2, 2022.
F7 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.
F8 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 2,808 shares on each June 15 of 2024 through 2026; as to 2,808 shares on each December 15 of 2024 and 2025; and as to 2,809 shares on December 15, 2026.
F9 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 2,247 stock units on June 15, 2024; as to 2,248 stock units on December 15, 2024; as to 2,247 stock units on each June 15 of 2025 and 2026; and as to 2,248 stock units on each December 15 of 2025 and 2026.
F10 The option is fully vested.