Disney (DIS) director Calvin McDonald receives 954.8-share equity grant under company plan

Rhea-AI Filing Summary

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

Walt Disney Co director Calvin McDonald reported receiving an equity grant of 954.8 shares of Disney common stock, valued at $100.80 per share. This award reflects a combination of stock units issued in lieu of a portion of his quarterly cash retainer and deferred stock units under the company’s Amended and Restated 2011 Stock Incentive Plan. Following this grant, McDonald directly holds 29,589.4 shares of Disney common stock, including these stock and deferred stock units issued under the plan as part of his Board compensation.

Insights

Equity compensation analyst

Director received routine equity compensation, modest versus overall Disney equity base.

Director Calvin McDonald acquired 954.8 Disney common shares through a grant under the Amended and Restated 2011 Stock Incentive Plan. The award includes stock units in lieu of cash retainer fees and quarterly deferred stock units, both settled in common shares.

This is a compensation-related acquisition (code A), not an open‑market purchase or sale. After the grant, McDonald directly holds 29,589.4 shares. Given Disney’s large market capitalization and share count, this transaction is small in scale and appears administratively routine rather than thesis‑changing for investors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MCDONALD CALVIN

Role null

Type	Security	Shares	Price	Value
Grant/Award	Disney Common Stock	954.8	$100.80	$96K

Holdings After Transaction: Disney Common Stock — 29,589.4 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Equity grant size: 954.8 shares Grant reference price: $100.80 per share Post-transaction holdings: 29,589.4 shares +2 more

5 metrics

Equity grant size 954.8 shares Disney common stock grant on June 30, 2026

Grant reference price $100.80 per share Price per share reported for the award

Post-transaction holdings 29,589.4 shares Director’s direct holdings after the grant

Stock units in lieu of cash retainer 310.0 units/shares Issued instead of part of quarterly Board cash fees

Deferred stock units granted 644.8 units Quarterly deferred stock unit grant under the plan

Key Terms

Amended and Restated 2011 Stock Incentive Plan, deferred stock units, quarterly cash retainer fees, grant, award, or other acquisition

4 terms

Amended and Restated 2011 Stock Incentive Plan financial

"issued under the Amended and Restated 2011 Stock Incentive Plan (the "Plan")"

deferred stock units financial

"and (2) 644.8 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"

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:03 PM Accepted by SEC EDGAR 07/02/2026 - 04:03 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^*

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)
06/30/2026

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	06/30/2026		A		954.8(1)	A	$100.8	29,589.4	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes: (1) 310.0 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) 644.8 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.

Remarks:

	/s/ Karen Young, as attorney-in-fact	07/02/2026
	** 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)

FAQ

What did Disney (DIS) director Calvin McDonald report in this Form 4?

Calvin McDonald reported an acquisition of 954.8 shares of Disney common stock. The shares were granted as equity compensation under Disney’s Amended and Restated 2011 Stock Incentive Plan rather than purchased on the open market, reflecting routine Board compensation structure.

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

After the reported grant, Calvin McDonald directly holds 29,589.4 Disney common shares. This total includes stock units and deferred stock units issued as shares under Disney’s stock incentive plan, representing his accumulated equity-based compensation for Board service at the company.

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

The transaction was a grant, not an open-market purchase. It is coded "A" for grant, award, or other acquisition and described as a grant/award acquisition, reflecting equity compensation issued under Disney’s Amended and Restated 2011 Stock Incentive Plan for Board services.

How is Calvin McDonald’s Disney (DIS) equity grant of 954.8 shares structured?

The 954.8 shares include 310.0 stock units or shares issued instead of part of his quarterly cash retainer, plus 644.8 deferred stock units credited as a quarterly grant. All units are issued as Disney common stock under the company’s stock incentive plan.

Does Calvin McDonald’s Disney (DIS) Form 4 indicate any stock sales?

No, the Form 4 shows only an acquisition coded "A" for grant or award. Transaction summary data reports one acquisition and zero sales, gifts, tax withholdings, or derivative exercises, indicating this filing strictly reflects an equity compensation grant to the director.