Dana Walden (DIS) awarded stock options and RSUs in new Disney equity grant

Rhea-AI Filing Summary

Walt Disney Co reported that President and Chief Creative Officer Dana Walden received new equity awards. She was granted stock options for 38,798 shares of Disney common stock at an exercise price of $100.01 per share, scheduled to vest in three equal installments on March 18 of 2027, 2028 and 2029.

Walden also received 13,149 restricted stock units, which convert into Disney common stock on a 1-for-1 basis and are scheduled to vest in three equal installments on March 18 of 2027, 2028 and 2029. A footnote states that the number of stock units vesting under related performance criteria can range from zero to 50,080, excluding potential accrued dividends.

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

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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^*

Walden Dana

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President&Chief Creative Ofcr

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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

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
Stock Option (Right-to-Buy)	$100.01	03/18/2026		A		38,798		(1)	03/18/2036	Disney Common Stock	38,798	$0	38,798	D
Restricted Stock Unit	(2)	03/18/2026		A		13,149		(3)	(3)	Disney Common Stock	13,149	$0	13,149	D

Explanation of Responses:

1. Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option is scheduled to vest in three equal installments on each March 18 of 2027, 2028 and 2029. In connection with this stock option award, the reporting person also was awarded restricted stock units whose vesting is subject to performance vesting criteria. The number of stock units vesting depends on the extent to which the performance criteria are satisfied, and ranges from zero to 50,080, not including potential accrued dividends.

2. Restricted stock units convert into common stock at 1-for-1.

3. This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The award is scheduled to vest in three equal installments on each March 18 of 2027, 2028 and 2029.

Remarks:

	/s/ Karen Young, as attorney-in-fact	03/20/2026
	** 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 equity awards did Dana Walden receive according to the Disney (DIS) Form 4?

Dana Walden received stock options for 38,798 Disney common shares and 13,149 restricted stock units. Both awards were granted as compensation and are scheduled to vest in three equal installments on March 18 of 2027, 2028 and 2029.

What is the exercise price and vesting schedule of Dana Walden’s new Disney stock options?

The stock options cover 38,798 Disney shares with an exercise price of $100.01 per share. They were granted under Disney’s 2011 Stock Incentive Plan and are scheduled to vest in three equal installments on March 18 of 2027, 2028 and 2029.

How do Dana Walden’s restricted stock units from Disney (DIS) convert into shares?

Dana Walden’s 13,149 restricted stock units convert into Disney common stock on a 1-for-1 basis. These units are scheduled to vest in three equal installments on March 18 of 2027, 2028 and 2029, subject to the plan’s terms and conditions.

Are Dana Walden’s new Disney equity awards time-vested, performance-based, or both?

The filing shows time-based vesting for both the stock options and 13,149 restricted stock units, each vesting over three years. A footnote adds that related restricted stock units have performance criteria, with potential vesting ranging from zero to 50,080 units, excluding dividends.

Under which plan were Dana Walden’s Disney (DIS) equity awards granted?

Both the stock option and restricted stock unit grants were made under Disney’s Amended and Restated 2011 Stock Incentive Plan. The filing notes these transactions are exempt under Rule 16(b)-3, indicating they are standard compensation-related awards rather than open-market trades.

Does the Disney Form 4 show Dana Walden buying or selling Disney shares on the market?

The Form 4 reports only compensation-related grants of stock options and restricted stock units to Dana Walden. It does not show any open-market purchases or sales, only acquisitions classified as grants or awards under Disney’s equity incentive plan.