Disney (NYSE: DIS) comms chief exits direct stake in stock

Rhea-AI Filing Summary

Walt Disney Co (DIS) reported that Paul M. Roeder, Sr EVP and Chief Communications Officer, sold 3,596 shares of Disney Common Stock on 2026-08-19 in an open-market or private transaction at $106.32 per share. Following this sale, his directly held Disney Common Stock position reported in this filing is 0 shares. The reported total sold includes dividend equivalents distributed on previously vested restricted stock units.

Insider Trade Summary

Net Seller: 3,596 shares

Net Sell 1 txn

Insider Roeder Paul M

Role Sr EVP and Chief Comm Officer

Sold 3,596 shs ($382K)

Type	Security	Shares	Price	Value
Sale	Disney Common Stock F1	3,596	$106.32	$382K

Holdings After Transaction: Disney Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. Total includes dividend equivalents distributed with respect to previously vested restricted stock units.

Key Figures

Shares sold: 3,596 shares of Disney Common Stock Sale price per share: $106.32 per share Shares held after transaction: 0 shares

3 metrics

Shares sold 3,596 shares of Disney Common Stock Non-derivative sale on 2026-08-19 by Paul M. Roeder

Sale price per share $106.32 per share Price for the 3,596 shares sold on 2026-08-19

Shares held after transaction 0 shares Directly owned Disney Common Stock reported after the sale

Key Terms

dividend equivalents, restricted stock units, Disney Common Stock

3 terms

dividend equivalents financial

"Total includes dividend equivalents distributed with respect to previously vested"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

restricted stock units financial

"distributed with respect to previously vested restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Disney Common Stock financial

"security_title: Disney Common Stock"

FAQ

What insider transaction did DIS report for Paul M. Roeder?

DIS reported that Paul M. Roeder sold 3,596 shares of Disney Common Stock on 2026-08-19 in a sale characterized as an open-market or private transaction at $106.32 per share.

What is Paul M. Roeder’s position at Walt Disney Co (DIS)?

Paul M. Roeder is reported as Sr EVP and Chief Comm Officer of Walt Disney Co (DIS), indicating he is a senior executive officer with responsibilities in corporate communications.

How many DIS shares does Paul M. Roeder hold after this transaction?

After the reported sale of 3,596 shares, Paul M. Roeder’s directly owned Disney Common Stock position shown in this filing is 0 shares following the transaction.

At what price were the DIS shares sold in this Form 4 filing?

The Form 4 shows that Paul M. Roeder’s 3,596 shares of Disney Common Stock were sold at a price of $106.32 per share, as reported on the transaction date of 2026-08-19.

Were dividend equivalents involved in Paul M. Roeder’s DIS share sale?

Yes. A footnote states the 3,596 shares total includes dividend equivalents that were distributed with respect to previously vested restricted stock units held by Paul M. Roeder.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/20/2026 - 05:34 PM Accepted by SEC EDGAR 08/20/2026 - 05:34 PM Learn about SEC filing dates

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^*

Roeder Paul M

(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)
	Sr EVP and Chief Comm Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

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
Disney Common Stock	08/19/2026		S		3,596(1)	D	$106.32	0	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Total includes dividend equivalents distributed with respect to previously vested restricted stock units.

Remarks:

	/s/ Karen Young, as attorney-in-fact	08/20/2026
	** 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)