Disney director receives 1,088-share stock grant
Froman Michael B. G. reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Froman Michael B. G. reported acquisition or exercise transactions in this Form 4 filing.
Walt Disney Co director Michael B. G. Froman received a stock grant of 1,087.7 Disney Common Stock shares at $96.96 per share. This award increased his direct holdings to 23,184 shares. He also has 20 shares held indirectly by a trust, plus additional stock units credited under Disney’s Amended and Restated 2011 Stock Incentive Plan in lieu of cash retainers, quarterly grants, and dividend-equivalent credits.
Insider Trade Summary
Grant/Award: 1,087.7 shares
Grant/Award
1 txn
Insider
Froman Michael B. G.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Disney Common Stock | 1,087.7 | $96.96 | $105K |
| Holding | Disney Common Stock | -- | -- | -- |
Holdings After Transaction:
Disney Common Stock — 23,184 shares (Direct);
Disney Common Stock — 20 shares (Indirect, By Trust)
Footnotes (1)
- F1. Includes: (1) 383.9 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) 704.4 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 and a deduction for cash paid in lieu of fractional shares when units are converted to shares. Stock units are issued to the reporting person in the form of shares of the Issuer's common stock issued under the Plan.
Key Figures
Stock grant size: 1,087.7 shares
Grant reference price: $96.96 per share
Direct holdings after grant: 23,184 shares
+3 more
6 metrics
Stock grant size
1,087.7 shares
Non-derivative Disney Common Stock award to director
Grant reference price
$96.96 per share
Price per share for granted Disney Common Stock
Direct holdings after grant
23,184 shares
Disney Common Stock directly owned by Michael Froman post-transaction
Indirect trust holdings
20 shares
Disney Common Stock held indirectly by trust
Stock units in lieu of cash retainer
383.9 units
Stock units or shares credited instead of quarterly cash retainer fees
Deferred stock units quarterly grant
704.4 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, dividends paid on shares
4 terms
Amended and Restated 2011 Stock Incentive Plan financial
"shares of the Issuer's common stock issued under the Amended and Restated 2011 Stock Incentive Plan"
deferred stock units financial
"704.4 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 for Board services"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Disney (DIS) director Michael Froman report in this Form 4?
Michael B. G. Froman reported receiving 1,087.7 shares of Disney Common Stock as a stock grant at $96.96 per share. This non-derivative award reflects director compensation under Disney’s stock incentive plan and increased his reported direct share ownership to 23,184 shares.
What is the nature of the Disney (DIS) stock granted to Michael Froman?
The filing describes the transaction as a grant, award, or other acquisition of 1,087.7 Disney Common Stock shares at $96.96 per share. It is categorized as a non-derivative equity award, issued under Disney’s Amended and Restated 2011 Stock Incentive Plan for Board service.
How are Disney (DIS) stock units used in Michael Froman’s director compensation?
The footnote explains that 383.9 stock units or shares are credited instead of some quarterly cash retainer fees, and 704.4 deferred stock units are credited as a quarterly grant. Additional stock units reflect dividend equivalents, with cash paid instead of fractional shares upon conversion.
What indirect Disney (DIS) holdings does Michael Froman report?
The Form 4 shows 20 Disney Common Stock shares held indirectly “By Trust.” While details of the trust are not expanded, this entry indicates a small portion of Froman’s beneficial interest is held through a trust structure, separate from his directly owned 23,184 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
