Disney director Froman receives stock award

Walt Disney Co director Michael B. G. Froman reported a stock award of 1,004.4 shares of Disney common stock on June 30, 2026, coded as a grant/acquisition.

Accepted by SEC EDGAR 07/02/2026 - 04:02 PM EDT

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Rhea-AI Filing Summary

Walt Disney Co director Michael B. G. Froman reported a stock award of 1,004.4 shares of Disney common stock on June 30, 2026, coded as a grant/acquisition. The shares were valued at $100.80 per share for reporting purposes and increase his direct holdings to 24,188.3 shares.

He also reports 20 shares held indirectly by a trust. Footnotes explain that his total includes 359.6 stock units credited in lieu of quarterly cash board retainer fees and 644.8 deferred stock units credited as a quarterly grant under Disney’s Amended and Restated 2011 Stock Incentive Plan.

Insider Trade Summary

Grant/Award: 1,004.4 shares

Grant/Award 1 txn

Insider Froman Michael B. G.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Disney Common Stock	1,004.4	$100.80	$101K
Holding	Disney Common Stock	--	--	--

Holdings After Transaction: Disney Common Stock — 24,188.3 shares (Direct); Disney Common Stock — 20 shares (Indirect, By Trust)

Footnotes (2)

F1. Includes: (1) 359.6 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.
F2. The total reflects a deduction for cash paid in lieu of fractional shares when units are converted to shares.

Key Figures

Stock award shares: 1,004.4 shares Award price per share: $100.80 per share Direct holdings after transaction: 24,188.3 shares +3 more

6 metrics

Stock award shares 1,004.4 shares Grant/acquisition of Disney common stock on June 30, 2026

Award price per share $100.80 per share Reporting price for the 1,004.4-share stock grant

Direct holdings after transaction 24,188.3 shares Disney common stock directly owned following the grant

Indirect trust holdings 20 shares Disney common stock held indirectly by trust

Stock units from cash retainer election 359.6 units/shares Credited in lieu of quarterly cash retainer fees under the Plan

Deferred stock units quarterly grant 644.8 units Deferred stock units credited as a quarterly grant under the Plan

Key Terms

Amended and Restated 2011 Stock Incentive Plan, deferred stock units, quarterly cash retainer fees, Disney Common Stock

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

"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"

Disney Common Stock financial

"security_title": "Disney Common Stock""

FAQ

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What did Disney director Michael Froman report in this Form 4 for DIS?

Michael Froman reported receiving a stock award of 1,004.4 shares of Disney common stock. The award, recorded at $100.80 per share, increased his direct holdings to 24,188.3 shares, with additional indirect holdings and stock units linked to board compensation elections.

How many Disney (DIS) shares does Michael Froman hold after this transaction?

After the reported stock award, Michael Froman directly holds 24,188.3 shares of Disney common stock. He also reports 20 shares held indirectly through a trust, plus stock and deferred units credited under Disney’s Amended and Restated 2011 Stock Incentive Plan for board compensation.

Was Michael Froman’s Disney Form 4 a market purchase or a stock grant?

The Form 4 shows a stock grant, not a market purchase, coded as an acquisition (A). Froman received 1,004.4 Disney shares as a grant or award, tied to the company’s stock incentive plan and his board service compensation structure rather than open-market buying.

What price was used for Michael Froman’s Disney stock award on this Form 4?

The stock award was reported at $100.80 per share for 1,004.4 Disney common shares. This price is used for SEC reporting purposes. Combined with prior holdings, it brought his direct ownership to 24,188.3 shares of Disney stock following the transaction date.

How are board fees for Michael Froman partly paid in Disney (DIS) stock?

Footnotes state that 359.6 units or shares come from quarterly cash board retainer fees elected in stock, and 644.8 are deferred stock units from quarterly grants. These units are issued as Disney common shares under the Amended and Restated 2011 Stock Incentive Plan.

Does Michael Froman have indirect ownership of Disney stock through a trust?

Yes. The Form 4 reports 20 Disney common shares held indirectly “By Trust.” This is separate from his 24,188.3 directly held shares. The filing distinguishes between direct ownership and indirect holdings to clarify how his Disney equity interests are structured.

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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^*

Froman Michael B. G.

(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)
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	06/30/2026		A		1,004.4⁽¹⁾	A	$100.8	24,188.3⁽²⁾	D
Disney Common Stock								20	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)
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) 359.6 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.

2. The total reflects a deduction for cash paid in lieu of fractional shares when units are converted to shares.

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)

Source: View Original Filing on SEC EDGAR