Walt Disney (NYSE: DIS) director reports 906.9-share stock grant on Form 4

Rhea-AI Filing Summary

Walt Disney Co director reports stock-based compensation under company plan. A director of Walt Disney Co acquired 906.9 shares or stock units of Disney common stock on 12/31/2025 at a price of $113.02 per share, according to a Form 4 filing. After this transaction, the director beneficially owned 25,495.6 Disney common shares directly, plus 157 shares held indirectly by a spouse in trust and 72 shares held indirectly by another trust.

The position includes 331.8 stock units and/or shares credited in lieu of quarterly cash retainer fees for Board service and 575.1 deferred stock units granted quarterly under the company’s Amended and Restated 2011 Stock Incentive Plan. These stock units are delivered in the form of Disney common shares under the plan’s terms.

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

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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^*

Barra Mary T

(Last) (First) (Middle)

500 S. 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		906.9(1)	A	$113.02	25,495.6	D
Disney Common Stock								157	I	By Spouse in Trust
Disney Common Stock								72	I	By Trust

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) 331.8 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.

FAQ

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

The Form 4 reports that a Walt Disney Co director acquired 906.9 shares or stock units of Disney common stock on 12/31/2025 at $113.02 per share.

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

Following the reported transaction, the director beneficially owns 25,495.6 Disney common shares directly, 157 shares indirectly through a spouse’s trust, and 72 shares indirectly through another trust.

What plan was used for the stock units reported for Walt Disney Co (DIS)?

The stock units were issued under Walt Disney Co’s Amended and Restated 2011 Stock Incentive Plan, which governs stock granted in lieu of cash retainers and deferred stock units for Board service.

How are the Walt Disney Co (DIS) director’s fees paid according to this filing?

The filing states that 331.8 stock units and/or shares were credited in lieu of all or a portion of the director’s quarterly cash retainer fees for Board services, under the director’s election.

What are the deferred stock units mentioned for Walt Disney Co (DIS)?

The filing notes 575.1 deferred stock units credited as a quarterly grant under the Amended and Restated 2011 Stock Incentive Plan, to be issued as Disney common shares under the plan’s terms.

Does this Walt Disney Co (DIS) Form 4 involve derivative securities?

The derivative securities table is included but does not list any specific derivative transactions or holdings in the provided excerpt.