Walt Disney SEC Filings

Walt Disney Co reported an equity award for a senior executive. The company granted 7,620.735 restricted stock units (RSUs) to its Senior Executive Vice President and Chief Communications Officer.

Each RSU converts into one share of Disney common stock. The RSUs were originally awarded in Disney’s 2023 fiscal year and were subject to performance conditions. Those conditions were satisfied as to 7,620.735 units, including adjustments for performance and accumulated dividend equivalents, on December 1, 2025.

The RSU award is scheduled to vest on December 15, 2025, at which point the executive would receive Disney common shares with no exercise price (listed as $0 per unit). This transaction is reported as a directly owned derivative position.

The Walt Disney Company executive files a Form 4 reporting equity compensation. The company’s Senior Executive Vice President & Chief People Officer reported an acquisition of 2,359.8913 restricted stock units tied to Disney common stock. These units convert into common shares on a 1-for-1 basis.

The restricted stock units were originally awarded during Disney’s 2023 fiscal year and were subject to performance conditions. Those conditions were satisfied as to 2,359.8913 units, including adjustments for performance criteria and accumulated dividend equivalents, on December 1, 2025. The stock unit award is scheduled to vest on June 23, 2026, at which point the units convert into Disney common shares held directly by the executive.

The Walt Disney Company (DIS) filed its annual report detailing its Entertainment, Sports and Experiences businesses and recent strategic moves. As of September 27, 2025, Disney+ had approximately 132 million paid subscribers and Hulu had approximately 64 million. The report notes new ESPN direct-to-consumer plans launched in August 2025—ESPN Select and ESPN Unlimited.

Disney combined certain Hulu Live TV assets with Fubo on October 29, 2025, forming a new entity in which Disney holds a 70% interest; Hulu Live TV remains a separate offering. ESPN reached a binding agreement to acquire NFL Network and related assets in exchange for a 10% noncontrolling interest of ESPN, expected to close in 2026 subject to regulatory approvals. ESPN also ended its arrangement with PENN and entered an exclusive sportsbook and odds provider deal with DraftKings effective December 1, 2025.

The aggregate market value of non‑affiliate common stock was $176.6 billion, and there were 1,785,288,846 shares outstanding as of November 5, 2025.

The Walt Disney Company furnished an update on its financial results. On November 13, 2025, Disney issued a press release covering results for the quarter and year ended September 27, 2025, which is furnished as Exhibit 99.1 to this report.

The company also highlighted its Investor Relations website, disney.com/investors, as a channel for disclosing material information in line with Regulation FD.

The Walt Disney Company amended the employment agreement of Senior Executive Vice President and Chief Financial Officer Hugh F. Johnston. The amendment, executed on November 10, 2025, extends his term to January 31, 2029 and raises his target long-term equity incentive annual award value to $16,500,000, beginning with the Company’s current fiscal year.

The amendment does not change Mr. Johnston’s base salary or target annual bonus. It also provides that, for equity awards granted in January 2025 and in fiscal year 2026, a termination of employment on or after December 31, 2026 will be treated as a termination upon the scheduled expiration date of his agreement term for purposes of continued vesting, exercisability, or other rights under the applicable award agreements.

The Walt Disney Company disclosed an amendment to the employment agreement of Horacio E. Gutierrez, its Senior Executive Vice President and Chief Legal and Compliance Officer. The update extends his term to September 30, 2028 and updates his title to Senior Executive Vice President, Chief Legal and Global Affairs Officer.

The amendment raises Mr. Gutierrez’s target long‑term equity incentive annual award value to $12,365,000, beginning with the current fiscal year. It does not change his current base salary or target annual bonus. For equity awards granted in January 2025 and in fiscal year 2026, a termination on or after December 31, 2026 will be treated as a termination at the scheduled expiration of his agreement for purposes of continued vesting, exercisability or other rights. An executed copy of the amendment was filed as Exhibit 10.1.

The Walt Disney Company amended the employment agreement of Kristina K. Schake, Senior Executive Vice President and Chief Communications Officer. The amendment extends her term to June 30, 2027 and increases her annual base salary to $875,000, effective October 15, 2025. Her target annual bonus opportunity and target long-term equity incentive award value, each as a percentage of base salary, remain unchanged. The amendment is filed as Exhibit 10.1.

Mary T. Barra, a director of The Walt Disney Company (DIS), reported an acquisition on 09/30/2025 of 960.4 shares of Disney common stock at a price of $113.73 per share. After the reported transaction, the filing shows the reporting person beneficially owns 24,588.7 shares in total, which includes 157 shares held indirectly by a spouse in trust and 72 shares held indirectly by a trust.

The filing explains the acquired amount includes 365.8 stock units issued in lieu of quarterly cash retainer fees and 594.6 deferred stock units granted under the company’s Amended and Restated 2011 Stock Incentive Plan, plus additional stock units credited for dividends. The signature shows the form was signed by an attorney-in-fact on 10/02/2025.

Walt Disney Co (DIS) director Jeremy Darroch reported acquiring 818.4 shares of Disney common stock on 09/30/2025 at a price of $113.73 per share, leaving him with 7,073 shares beneficially owned. The filing states the acquired amount includes 276.8 stock units issued in lieu of quarterly cash retainers and 541.6 deferred stock units granted under the Amended and Restated 2011 Stock Incentive Plan, plus additional units credited for dividends. The Form 4 was signed by an attorney-in-fact on 10/02/2025.