Disney (DIS) director Calvin McDonald receives 1,080.7-share equity grant

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MCDONALD CALVIN reported acquisition or exercise transactions in this Form 4 filing.

Walt Disney Co director Calvin McDonald received an equity grant of 1,080.7 shares of Disney common stock at $96.96 per share. This award increased his directly held position to 28,634.6 shares.

The total includes stock units and shares issued under the Amended and Restated 2011 Stock Incentive Plan in lieu of portions of his quarterly cash retainer fees, quarterly deferred stock unit grants, and additional stock units credited for dividends, all delivered in Disney common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MCDONALD CALVIN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Disney Common Stock	1,080.7	$96.96	$105K

Holdings After Transaction: Disney Common Stock — 28,634.6 shares (Direct)

Footnotes (1)

[object Object]

Key Figures

Equity grant size: 1,080.7 shares Grant reference price: $96.96 per share Total holdings after grant: 28,634.6 shares +2 more

5 metrics

Equity grant size 1,080.7 shares Disney common stock grant to Calvin McDonald

Grant reference price $96.96 per share Value used for the 1,080.7-share award

Total holdings after grant 28,634.6 shares Disney shares held directly by Calvin McDonald

Stock units in lieu of cash fees 330.3 units/shares Credited under the 2011 Stock Incentive Plan

Deferred stock units quarterly grant 750.4 units Quarterly deferred stock units under the Plan

Key Terms

Amended and Restated 2011 Stock Incentive Plan, deferred stock units, quarterly cash retainer fees, stock units

4 terms

Amended and Restated 2011 Stock Incentive Plan financial

"shares of the Issuer's common stock issued under the Amended and Restated 2011 Stock Incentive Plan"

deferred stock units financial

"750.4 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.

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"

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.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 06:01 PM

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^*

MCDONALD CALVIN

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Disney Common Stock	03/31/2026		A		1,080.7⁽¹⁾	A	$96.96	28,634.6	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes: (1) 330.3 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) 750.4 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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Karen Young, as attorney-in-fact	04/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Disney (DIS) director Calvin McDonald report?

Calvin McDonald reported receiving 1,080.7 shares of Disney common stock as an equity grant. The award was made at $96.96 per share and reflects compensation under Disney’s stock incentive plan rather than an open-market purchase or sale.

How many Walt Disney (DIS) shares does Calvin McDonald hold after this grant?

After the grant, Calvin McDonald holds 28,634.6 shares of Disney common stock. This total includes stock units and deferred stock units issued under the company’s Amended and Restated 2011 Stock Incentive Plan and credited in connection with board compensation and dividends.

Was Calvin McDonald’s Disney (DIS) Form 4 transaction a market purchase or a grant?

The Form 4 shows a grant or award acquisition of 1,080.7 Disney shares, coded as an "A" transaction. This indicates shares were received as compensation under Disney’s stock incentive plan, not bought on the open market by the director.

At what price were Calvin McDonald’s new Disney (DIS) shares valued in the grant?

The 1,080.7 shares granted to Calvin McDonald were valued at $96.96 per share. This price is used for reporting the grant of Disney common stock issued as part of his board-related equity compensation under the company’s stock incentive plan.

How are Disney (DIS) stock units and deferred stock units used in Calvin McDonald’s compensation?

Some of Calvin McDonald’s compensation is taken in Disney stock units or shares instead of cash retainer fees, plus quarterly deferred stock units. Additional stock units are credited for dividends, and all such units are ultimately settled in Disney common stock under the 2011 Stock Incentive Plan.