Disney executive receives 1,060 shares as award vests

The 393-share reduction covered withholding taxes and was not an open-market sale.

Rhea-AI Filing Summary

Walt Disney Co EVP, Control, Fin Plan & Tax Brent Woodford reported vesting of 1,060 restricted stock units on September 23, 2026; they converted one-for-one into 1,060 Disney common shares. 393 shares were automatically withheld to discharge withholding tax obligations; the footnote says this was not an actual sale or open-market transaction. Reported indirect positions included 100 shares held by the reporting person's spouse in an IRA and 293.747 shares in The Walt Disney Stock Fund through a 401(k). No Rule 10b5-1 plan is reported.

Insider Trade Summary

1,060 shares exercised/converted

Exercise 5 txns

Insider WOODFORD BRENT

Role EVP, Control, Fin Plan & Tax

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F2, F1	1,060	$0.00	$0.00
Exercise	Disney Common Stock F1, F2	1,060	--	--
Tax Withholding	Disney Common Stock F3	393	$103.66	$41K
holding	Disney Common Stock	--	--	--
holding	Disney Common Stock F4	--	--	--

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Disney Common Stock — 62,995 shares (Direct); Disney Common Stock — 100 shares (Indirect, By Spouse in IRA); Disney Common Stock — 293.747 shares (Indirect, By 401(k))

Footnotes (4)

1. F1. Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vested in two substantially equal annual installments, which began on September 23, 2025. Includes dividend equivalents accrued on the award.
2. F2. Restricted stock units convert into common stock at 1-for-1.
3. F3. The 393 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.
4. F4. Shares held in The Walt Disney Stock Fund as of September 23, 2026. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.

Key Figures

Restricted stock units vested: 1,060 units Common shares acquired: 1,060 shares Shares withheld for taxes: 393 shares +3 more

6 metrics

Restricted stock units vested 1,060 units September 23, 2026; converted one-for-one into common stock

Common shares acquired 1,060 shares Through conversion of restricted stock units on September 23, 2026

Shares withheld for taxes 393 shares Automatic reduction to discharge withholding tax obligations; not an actual sale

Reported per-share amount $103.66 per share 393-share withholding entry

Indirect shares held in spouse's IRA 100 shares Reported position dated September 23, 2026

Shares in The Walt Disney Stock Fund 293.747 shares Held through a 401(k), as of September 23, 2026

Key Terms

restricted stock units, dividend equivalents, withholding tax obligations, 401(k) Plan

4 terms

restricted stock units financial

"restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalents financial

"Includes dividend equivalents accrued on the award."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

withholding tax obligations financial

"to discharge withholding tax obligations"

401(k) Plan financial

"one investment option in the 401(k) Plan"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many DIS shares did Brent Woodford receive from restricted stock unit vesting?

Brent Woodford received 1,060 Walt Disney common shares when 1,060 restricted stock units vested on September 23, 2026; the units converted one-for-one.

Were shares sold to cover Brent Woodford's DIS tax withholding?

No. 393 shares were automatically reduced from shares issued to discharge withholding tax obligations; the transaction did not constitute an actual sale or other open-market transaction. The reported per-share amount was $103.66.

What stock plan covered Brent Woodford's Disney restricted stock units?

The units were previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vested in two substantially equal annual installments beginning September 23, 2025, and included accrued dividend equivalents.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/25/2026 - 01:19 PM Accepted by SEC EDGAR 09/25/2026 - 01:18 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WOODFORD BRENT

(Last) (First) (Middle)

500 SOUTH BUENA VISTA STREET

(Street)

BURBANK CALIFORNIA 91521

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Walt Disney Co [ DIS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Control, Fin Plan & Tax

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Disney Common Stock	09/23/2026		M		1,060(1)	A	(2)	63,388	D
Disney Common Stock	09/23/2026		F		393(3)	D	$103.66	62,995	D
Disney Common Stock								100	I	By Spouse in IRA
Disney Common Stock								293.747(4)	I	By 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(2)	09/23/2026		M			1,060	(1)	(1)	Disney Common Stock	1,060	$0	0	D

Explanation of Responses:

1. Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vested in two substantially equal annual installments, which began on September 23, 2025. Includes dividend equivalents accrued on the award.

2. Restricted stock units convert into common stock at 1-for-1.

3. The 393 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.

4. Shares held in The Walt Disney Stock Fund as of September 23, 2026. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.

Remarks:

	/s/ Karen Young, as attorney-in-fact	09/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)