Disney (NYSE: DIS) director gets stock grant and covers taxes in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Walt Disney Co director Jeremy Darroch reported routine equity compensation activity. He received an award of 954.8 shares of Disney common stock at a reference price of $100.80 per share. On the same date, 113.27 shares were automatically withheld at $96.795 per share to cover tax obligations.
The footnotes clarify that this 113.27-share disposition was not an open-market sale but an automatic reduction of shares to pay withholding taxes. After these transactions, Darroch directly holds 9,329.93 Disney shares, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Darroch Jeremy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Disney Common Stock | 954.8 | $100.80 | $96K |
| Tax Withholding | Disney Common Stock | 113.27 | $96.795 | $11K |
Holdings After Transaction:
Disney Common Stock — 9,443.2 shares (Direct, null)
Footnotes (1)
- Includes: (1) 310.0 stock units and/or shares of the Issuer's common stock issued under the Amended and Restated 2011 Stock Incentive Plan (the "Plan") credited in lieu of all or a portion of the reporting person's quarterly cash retainer fees for Board services pursuant to the reporting person's election, which shares shall be issued to the reporting person at such times and subject to such terms and conditions governing the election, and (2) 644.8 deferred stock units under the Plan credited as a quarterly grant under the Plan. Stock units are issued to the reporting person in the form of shares of the Issuer's common stock issued under the Plan. Total reflects a deduction for cash paid in lieu of fractional shares when stock units are converted to shares. The 113.27 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.
Key Figures
Stock grant: 954.8 shares
Tax withholding shares: 113.27 shares
Post-transaction holdings: 9,329.93 shares
+1 more
4 metrics
Stock grant
954.8 shares
Disney common stock award at $100.80 per share
Tax withholding shares
113.27 shares
Automatic reduction at $96.795 per share for taxes
Post-transaction holdings
9,329.93 shares
Disney common stock directly owned after transactions
Deferred and fee-related units
954.8 units/shares components
Includes 310.0 fee-related units and 644.8 deferred stock units under Plan
Key Terms
Amended and Restated 2011 Stock Incentive Plan, deferred stock units, withholding tax obligations, quarterly cash retainer fees
4 terms
Amended and Restated 2011 Stock Incentive Plan financial
"issued under the Amended and Restated 2011 Stock Incentive Plan (the "Plan") credited in lieu"
deferred stock units financial
"644.8 deferred stock units under the Plan credited as a quarterly grant under the Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
withholding tax obligations financial
"automatic reduction of shares issued to the reporting person to discharge withholding tax obligations"
quarterly cash retainer fees financial
"credited in lieu of all or a portion of the reporting person's quarterly cash retainer fees for Board services"