Walt Disney (NYSE: DIS) grants 7,620 RSUs to Senior EVP

Rhea-AI Filing Summary

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.

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^*

Schake Kristina K

(Last) (First) (Middle)

500 SOUTH BUENA VISTA STREET

(Street)

BURBANK CA 91521

(City) (State) (Zip)

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)
	Sr. EVP and Chief Comm Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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

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

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

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

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	(1)	12/01/2025(2)		A		7,620.735		(3)	12/15/2025	Disney Common Stock	7,620.735	$0	7,620.735	D

Explanation of Responses:

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

2. Restricted stock units were awarded during the Company's 2023 fiscal year and were subject to performance conditions, which were satisfied as to 7,620.735 shares (including an adjustment to reflect the extent to which applicable performance criteria were met and accumulated dividend equivalents) on December 1, 2025.

3. The stock unit award vests on the expiration date.

Remarks:

	/s/ Carla J. Silva, as attorney-in-fact	12/02/2025
	** 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.

FAQ

What insider transaction did Walt Disney Co (DIS) report in this Form 4?

Walt Disney Co reported that its Senior Executive Vice President and Chief Communications Officer received 7,620.735 restricted stock units that convert into Disney common stock.

Who is the reporting person in the Walt Disney Co (DIS) Form 4 filing?

The reporting person is a Senior Executive Vice President and Chief Communications Officer of Walt Disney Co, identified as an officer of the company.

How many restricted stock units did the Disney (DIS) executive receive?

The executive received 7,620.735 restricted stock units, each of which converts into one share of Disney common stock.

When do the Disney (DIS) restricted stock units vest?

The restricted stock unit award is scheduled to vest on December 15, 2025, which is the stated expiration date of the award.

What performance conditions applied to the Disney (DIS) RSU award?

The RSUs were awarded during Disney’s 2023 fiscal year and were subject to performance conditions that were satisfied as to 7,620.735 units, including adjustments and dividend equivalents, on December 1, 2025.

What is the conversion ratio for the Disney (DIS) restricted stock units?

Each restricted stock unit converts into Disney common stock at a 1-for-1 ratio, meaning one share of stock for each unit.

Is there an exercise price for the Disney (DIS) restricted stock units?

The price of the derivative security is listed as $0, indicating no exercise price is required for the RSUs to convert into Disney common shares upon vesting.