Walt Disney (DIS) CEO receives 411,133 stock option grant expiring 2035

Rhea-AI Filing Summary

Walt Disney Co granted its Chief Executive Officer and Director stock options covering 411,133 shares of Disney common stock on December 15, 2025. The options have an exercise price of $110.05, expire on December 15, 2035, and were issued under the Company’s Amended and Restated 2011 Stock Incentive Plan.

The options are scheduled to vest in three equal installments on each December 15 of 2026, 2027 and 2028. In connection with this stock option award, the reporting person also received performance-based restricted stock units, with the number that ultimately vests ranging from zero to 378,224 units depending on how the specified performance criteria are met.

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

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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^*

IGER ROBERT A

(Last) (First) (Middle)

500 SOUTH BUENA VISTA STREET

(Street)

BURBANK CA 91521

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	$110.05	12/15/2025		A		411,133		(1)	12/15/2035	Disney Common Stock	411,133	$0	411,133	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 December 15 of 2026, 2027 and 2028. 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 378,224, not including potential accrued dividends.

Remarks:

	/s/ Carla J. Silva, as attorney-in-fact	12/17/2025
	** 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.

FAQ

What equity awards did Walt Disney Co (DIS) grant to its CEO on December 15, 2025?

On December 15, 2025, Walt Disney Co granted its Chief Executive Officer and Director stock options on 411,133 shares of Disney common stock with an exercise price of $110.05 per share, expiring on December 15, 2035.

When do the new Walt Disney Co (DIS) CEO stock options vest?

The stock options are scheduled to vest in three equal installments on December 15 of 2026, 2027 and 2028, subject to the terms of the Company’s Amended and Restated 2011 Stock Incentive Plan.

What performance-based restricted stock units did the Walt Disney Co (DIS) CEO receive with this grant?

In connection with the stock option grant, the reporting person also received restricted stock units whose vesting is subject to performance criteria. The number of units that may vest ranges from zero to 378,224, excluding any potential accrued dividends.

Under which equity plan were the Walt Disney Co (DIS) CEO awards granted?

The stock options and related restricted stock units were granted under the Company’s Amended and Restated 2011 Stock Incentive Plan in a transaction described as exempt under Rule 16(b)-3.

How long are the newly granted Walt Disney Co (DIS) CEO stock options exercisable?

The granted stock options have an expiration date of December 15, 2035, providing a term of ten years from the grant date of December 15, 2025.

What is the reporting person’s role at Walt Disney Co (DIS) in this filing?

The reporting person is identified as both a Director and an Officer of Walt Disney Co, serving in the role of Chief Executive Officer, and the form is filed by one reporting person.