DIS Form 4: Mary Barra adds 960.4 shares; total holdings 24,588.7

Rhea-AI Filing Summary

Mary T. Barra, a director of The Walt Disney Company (DIS), reported an acquisition on 09/30/2025 of 960.4 shares of Disney common stock at a price of $113.73 per share. After the reported transaction, the filing shows the reporting person beneficially owns 24,588.7 shares in total, which includes 157 shares held indirectly by a spouse in trust and 72 shares held indirectly by a trust.

The filing explains the acquired amount includes 365.8 stock units issued in lieu of quarterly cash retainer fees and 594.6 deferred stock units granted under the company’s Amended and Restated 2011 Stock Incentive Plan, plus additional stock units credited for dividends. The signature shows the form was signed by an attorney-in-fact on 10/02/2025.

Positive

• Acquired 960.4 shares under the company plan at $113.73 per share
• Total beneficial ownership increased to 24,588.7 shares, per the filing

Negative

• None.

Insights

Corporate Governance Expert

Director received equity compensation and converted retainer into stock units.

The Form 4 shows 365.8 stock units elected in lieu of a quarterly cash retainer and 594.6 deferred stock units granted under the 2011 Stock Incentive Plan. This reflects standard board compensation mechanics where cash retainers are deferred into equity.

Because the units are issued as shares under the Plan, the transaction increases the director's direct ownership to 24,588.7 shares, a disclosed and traceable change in insider holdings.

Equity Transactions Analyst

Insider acquired 960.4 shares at $113.73 on 09/30/2025.

The filing reports an acquisition coded V (payment of exercise price or tax withholding via net share settlement/election), totaling 960.4 shares at $113.73. The transaction details and resulting beneficial ownership are fully disclosed with indirect holdings of 157 and 72 shares noted.

The record is procedural and informational for investors tracking insider ownership; no derivative or exercise dates beyond this stock-unit issuance are disclosed.

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

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OMB Number:			3235-0287
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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).

1. Name and Address of Reporting Person^*

Barra Mary T

(Last) (First) (Middle)

500 S. 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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
Disney Common Stock	09/30/2025		A		960.4(1)	A	$113.73	24,588.7	D
Disney Common Stock								157	I	By Spouse in Trust
Disney Common Stock								72	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes: (1) 365.8 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) 594.6 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. Stock units are issued to the reporting person in the form of shares of the Issuer's common stock issued under the Plan.

Remarks:

	/s/ Carla J. Silva, as attorney-in-fact	10/02/2025
	** 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 did Mary T. Barra report on Form 4 for DIS?

The Form 4 reports an acquisition on 09/30/2025 of 960.4 Disney shares at $113.73, resulting in 24,588.7 shares beneficially owned.

Why were the shares issued to the director?

The filing states the shares include 365.8 stock units issued in lieu of a quarterly cash retainer and 594.6 deferred stock units granted under the Amended and Restated 2011 Stock Incentive Plan.

Are there any indirect holdings reported by the director?

Yes. The filing shows 157 shares held indirectly by a spouse in trust and 72 shares held indirectly by a trust.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney-in-fact on 10/02/2025.

Did the Form 4 disclose any derivative transactions (options or warrants)?

No. Table II for derivative securities contains no exercised or outstanding derivatives disclosed in this filing.