Disney (NYSE: DIS) director granted 1,004-share stock award for board service
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
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 (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. 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
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.
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.