Disney director awarded 1,364 shares in stock grant
Walt Disney Co director James P. Gorman reported an acquisition of Disney Common Stock through a stock award.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Walt Disney Co director James P. Gorman reported an acquisition of Disney Common Stock through a stock award. He received 1,364 shares at $100.80 per share as a grant or award for board service. Following this transaction, he directly holds 10,575.6 Disney shares. He also has an indirect holding of 38,000 shares through a Grantor Retained Annuity Trust. A footnote explains that part of his position includes stock units and deferred stock units credited under Disney’s Amended and Restated 2011 Stock Incentive Plan in lieu of cash retainers and as quarterly equity grants.
Insider Trade Summary
Grant/Award: 1,364 shares
Grant/Award
1 txn
Insider
GORMAN JAMES P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Disney Common Stock | 1,364 | $100.80 | $137K |
| Holding | Disney Common Stock | -- | -- | -- |
Holdings After Transaction:
Disney Common Stock — 10,575.6 shares (Direct);
Disney Common Stock — 38,000 shares (Indirect, by Grantor Retained Annuity Trust)
Footnotes (1)
- F1. Includes: (1) 502.2 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) 861.8 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.
Key Figures
Shares awarded: 1,364 shares
Award price: $100.80 per share
Direct holdings after award: 10,575.6 shares
+3 more
6 metrics
Shares awarded
1,364 shares
Grant or award of Disney Common Stock
Award price
$100.80 per share
Value used for the 1,364-share stock grant
Direct holdings after award
10,575.6 shares
Disney Common Stock directly owned after transaction
Indirect trust holdings
38,000 shares
Held indirectly by Grantor Retained Annuity Trust
Stock units in lieu of cash
502.2 units
Stock units or shares credited under 2011 Stock Incentive Plan
Deferred stock units
861.8 units
Deferred stock units credited as quarterly grant under Plan
Key Terms
Grantor Retained Annuity Trust, deferred stock units, stock units, Amended and Restated 2011 Stock Incentive Plan
4 terms
Grantor Retained Annuity Trust financial
"nature_of_ownership": "by Grantor Retained Annuity Trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
deferred stock units financial
"and (2) 861.8 deferred stock units under the Plan credited"
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.
stock units financial
"502.2 stock units and/or shares of the Issuer's common stock"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
Amended and Restated 2011 Stock Incentive Plan financial
"issued under the Amended and Restated 2011 Stock Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did James P. Gorman report at Walt Disney Co (DIS)?
James P. Gorman reported receiving 1,364 shares of Disney Common Stock as a grant or award. The shares were valued at $100.80 each and reflect compensation for his board service rather than an open-market purchase or sale.
Was James P. Gorman’s Walt Disney (DIS) transaction a buy or a grant?
The transaction was a grant or award, not an open-market purchase. The Form 4 uses transaction code “A,” indicating an acquisition of 1,364 Disney shares as compensation rather than a discretionary buy on the stock market.
What is the role of the Grantor Retained Annuity Trust in James P. Gorman’s Disney (DIS) holdings?
The filing shows 38,000 Disney shares held indirectly by a Grantor Retained Annuity Trust. This structure means those shares are attributed as an indirect holding associated with Gorman, separate from his directly owned 10,575.6 shares.
How are stock units and deferred stock units used in James P. Gorman’s Disney (DIS) compensation?
The footnote explains some compensation is in stock units and deferred stock units under Disney’s 2011 Stock Incentive Plan. These are credited instead of cash retainers and quarterly grants, and are ultimately settled in shares of Disney common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
