Disney (NYSE: DIS) director Derica Rice awarded stock units and shares

Q: Was Derica W. Rice buying or selling Disney (DIS) stock in this Form 4?

Derica W. Rice was not buying or selling on the open market; she received a grant. The transaction code “A” reflects a grant, award, or other acquisition of 1,229.6 shares as compensation, rather than a discretionary market trade.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Walt Disney Co director Derica W. Rice received a stock-based award as part of her board compensation. On the reported date, she acquired 1,229.6 shares of Disney common stock at a reference price of $96.96 per share, classified as a grant or award rather than an open-market purchase.

After this grant, Rice directly owned a total of 22,718.5 Disney shares, including stock units and deferred stock units credited under the company’s Amended and Restated 2011 Stock Incentive Plan in lieu of cash retainers and as quarterly grants, with additional units credited for dividends.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rice Derica W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Disney Common Stock	1,229.6	$96.96	$119K

Holdings After Transaction: Disney Common Stock — 22,718.5 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 1,229.6 shares Grant reference price: $96.96 per share Total holdings after transaction: 22,718.5 shares +2 more

5 metrics

Shares granted 1,229.6 shares Grant/award of Disney common stock

Grant reference price $96.96 per share Value used for the 1,229.6-share award

Total holdings after transaction 22,718.5 shares Direct Disney holdings following the grant

Stock units and shares under Plan 454.2 units/shares Credited in lieu of quarterly cash retainer fees

Deferred stock units under Plan 775.4 units Credited as a quarterly grant under the incentive plan

Key Terms

Amended and Restated 2011 Stock Incentive Plan, deferred stock units, quarterly cash retainer fees, dividends paid on shares

4 terms

Amended and Restated 2011 Stock Incentive Plan financial

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

deferred stock units financial

"775.4 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"

dividends paid on shares financial

"includes additional stock units credited to the reporting person in respect of dividends paid on shares"

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^*

Rice Derica W

(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		1,229.6⁽¹⁾	A	$96.96	22,718.5	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) 454.2 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) 775.4 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 did Derica W. Rice report in this Walt Disney (DIS) Form 4 filing?

Derica W. Rice reported a grant of 1,229.6 Disney common shares as board compensation. This award increased her direct holdings to 22,718.5 shares, including stock units and deferred stock units credited under Disney’s Amended and Restated 2011 Stock Incentive Plan.

Was Derica W. Rice buying or selling Disney (DIS) stock in this Form 4?

Derica W. Rice was not buying or selling on the open market; she received a grant. The transaction code “A” reflects a grant, award, or other acquisition of 1,229.6 shares as compensation, rather than a discretionary market trade.

How many Walt Disney (DIS) shares does Derica W. Rice hold after this transaction?

Following the award, Derica W. Rice directly holds 22,718.5 Disney shares. This figure includes stock units and deferred stock units credited under Disney’s stock incentive plan, as well as additional units credited in respect of dividends on common shares.

What plan governs the Disney (DIS) stock units reported by Derica W. Rice?

The stock units and deferred stock units are issued under Disney’s Amended and Restated 2011 Stock Incentive Plan. Units are credited in lieu of cash retainers, as quarterly grants, and for dividends, and are ultimately settled in Disney common stock.

How were Disney (DIS) board fees handled for Derica W. Rice in this filing?

A portion of Derica W. Rice’s quarterly cash retainer fees for board service was elected to be taken in stock units under Disney’s incentive plan. These units, along with deferred stock units and dividend equivalents, are reflected in her total reported holdings.