Disney (DIS) director James Gorman granted 1,477 Disney shares
Rhea-AI Filing Summary
GORMAN JAMES P reported acquisition or exercise transactions in this Form 4 filing.
Walt Disney Co director James P. Gorman received a grant of 1,477.1 shares of Disney Common Stock, valued at $96.96 per share. This award is compensation, not an open‑market purchase, and increases his direct holdings to 9,211.6 shares.
He also has 38,000 shares reported as indirectly owned through a Grantor Retained Annuity Trust. A footnote explains the total includes 543.1 stock units and/or shares credited in lieu of cash board fees and 934.0 deferred stock units granted quarterly, plus additional stock units credited for dividends, all issuable as Disney common shares under the company’s stock incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,477.1 shares
Net Buy
2 txns
Insider
GORMAN JAMES P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Disney Common Stock | 1,477.1 | $96.96 | $143K |
| holding | Disney Common Stock | -- | -- | -- |
Holdings After Transaction:
Disney Common Stock — 9,211.6 shares (Direct);
Disney Common Stock — 38,000 shares (Indirect, by Grantor Retained Annuity Trust)
Footnotes (1)
- F1. Includes: (1) 543.1 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) 934.0 deferred stock units under the Plan credited as a quarterly grant under the Plan. The total also includes additional stock units credited to the reporting person in respect of dividends paid on shares of Issuer common stock. 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
Stock grant: 1,477.1 shares
Grant reference price: $96.96 per share
Direct holdings after grant: 9,211.6 shares
+3 more
6 metrics
Stock grant
1,477.1 shares
Grant of Disney Common Stock to director on March 31, 2026
Grant reference price
$96.96 per share
Value used for the 1,477.1-share award
Direct holdings after grant
9,211.6 shares
Disney Common Stock directly owned following the award
Indirect trust holdings
38,000 shares
Disney Common Stock held by Grantor Retained Annuity Trust
Stock units from board fees
543.1 units/shares
Credited in lieu of cash quarterly board retainer fees
Deferred stock units
934.0 units
Quarterly deferred stock unit grants under incentive 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
"total_shares_following_transaction: "38000.0000" ... 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) 934.0 deferred stock units under the Plan credited as a quarterly grant"
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
"The total also includes additional stock units credited to the reporting person in respect of dividends"
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 (the "Plan")"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Disney (DIS) director James P. Gorman report?
James P. Gorman reported receiving a grant of 1,477.1 Disney Common Stock shares as compensation. The award was recorded at $96.96 per share and classified as a grant or award acquisition, not an open-market purchase or sale, under Disney’s stock incentive arrangements.
What indirect Disney (DIS) holdings does James P. Gorman report through a trust?
The filing shows 38,000 Disney Common Stock shares held indirectly by James P. Gorman through a Grantor Retained Annuity Trust. These shares are reported as indirect ownership, separate from his direct holdings and stock units credited under the company’s stock incentive plan.
How are Disney (DIS) board fees and grants reflected in James P. Gorman’s holdings?
Gorman’s holdings include 543.1 stock units and/or shares credited instead of cash board retainer fees, plus 934.0 deferred stock units granted quarterly. Additional stock units are credited for dividends, all ultimately issuable as Disney common shares under the Amended and Restated 2011 Stock Incentive Plan.
Was James P. Gorman’s Disney (DIS) Form 4 transaction an open-market buy or sell?
The transaction was reported as a grant or award acquisition of 1,477.1 shares at $96.96, not an open-market buy or sell. It represents stock-based compensation under Disney’s incentive plan rather than a discretionary purchase or sale in the market.