Disney director acquires shares via 2011 stock incentive plan

Walt Disney Co director reports stock acquisition under incentive plan A director of Walt Disney Co acquired 782.5 shares of Disney common stock on 12/31/2025 at a price of $113.02 per share.

Rhea-AI Filing Summary

Walt Disney Co director reports stock acquisition under incentive plan

A director of Walt Disney Co acquired 782.5 shares of Disney common stock on 12/31/2025 at a price of $113.02 per share. After this transaction, the director beneficially owns 10,667 Disney shares in direct form.

The filing explains that the total includes approximately 207.4 stock units and/or shares credited in lieu of some quarterly cash retainer fees for Board service, based on the director’s election under the company’s Amended and Restated 2011 Stock Incentive Plan, plus about 575.1 deferred stock units granted quarterly under the same plan. These stock units are settled in Disney common shares under the plan’s terms.

Insider Trade Summary

Grant/Award: 782.5 shares

Grant/Award 1 txn

Insider Everson Carolyn

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Disney Common Stock	782.5	$113.02	$88K

Holdings After Transaction: Disney Common Stock — 10,667 shares (Direct)

Footnotes (1)

1. F1. Includes: (1) 207.4 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) 575.1 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

A director of Walt Disney Co reported acquiring 782.5 shares of Disney common stock on 12/31/2025 at $113.02 per share.

How many Walt Disney Co (DIS) shares does the reporting person beneficially own after this transaction?

Following the reported transaction, the director beneficially owns 10,667 shares of Walt Disney Co common stock in direct ownership.

How were the additional Walt Disney Co (DIS) shares granted to the director?

The filing states the position includes about 207.4 stock units and/or shares credited instead of some quarterly Board cash retainer fees, and 575.1 deferred stock units granted quarterly under the Amended and Restated 2011 Stock Incentive Plan.

What is the role of Walt Disney Cos Amended and Restated 2011 Stock Incentive Plan in this Form 4?

The Amended and Restated 2011 Stock Incentive Plan governs stock units and deferred stock units that are credited to the director, including units in lieu of cash retainer fees and quarterly deferred stock unit grants, which are issued as shares of Disney common stock.

Is the reporting person a director or officer of Walt Disney Co (DIS)?

The Form 4 identifies the reporting person as a Director of Walt Disney Co and does not mark the person as a 10% owner or officer.

Is this Walt Disney Co (DIS) Form 4 filed for one individual or a group?

The filing is marked as a Form filed by One Reporting Person, indicating it covers a single insider.

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Accepted by SEC EDGAR 01/05/2026 - 12:39 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^*

Everson Carolyn

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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
Disney Common Stock	12/31/2025		A		782.5(1)	A	$113.02	10,667	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) 207.4 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) 575.1 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/ Carla J. Silva, as attorney-in-fact	01/05/2026
	** 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.