Disney (NYSE: DIS) director granted 954.8 stock units as compensation

Rhea-AI Filing Summary

LAGOMASINO MARIA ELENA reported acquisition or exercise transactions in this Form 4 filing.

Walt Disney Co director Maria Elena Lagomasino received an equity award of 954.8 shares of Disney common stock as compensation. The award was valued at $100.80 per share and increased her direct holdings to 37,740 shares. According to the footnote, this amount includes 310 stock units or shares issued instead of a portion of her quarterly cash retainer for board service and 644.8 deferred stock units credited as a quarterly grant under the company’s Amended and Restated 2011 Stock Incentive Plan. The stock units are ultimately settled in Disney common shares under the plan’s terms.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LAGOMASINO MARIA ELENA

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Disney Common Stock	954.8	$100.80	$96K

Holdings After Transaction: Disney Common Stock — 37,740 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 954.8 shares Grant price: $100.80 per share Shares after transaction: 37,740 shares +2 more

5 metrics

Shares granted 954.8 shares Equity award for board service on 2026-06-30

Grant price $100.80 per share Reported value for equity award

Shares after transaction 37,740 shares Total direct Disney holdings following award

Stock units in lieu of cash 310.0 units/shares Quarterly board cash retainer taken in stock

Deferred stock units 644.8 units Quarterly deferred stock unit grant under plan

Key Terms

Amended and Restated 2011 Stock Incentive Plan, deferred stock units, quarterly cash retainer fees, stock units

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"

stock units financial

"Stock units are issued to the reporting person in the form of shares of the Issuer's common stock"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:02 PM Accepted by SEC EDGAR 07/02/2026 - 04:02 PM Learn about SEC filing dates

FAQ

What did Disney director Maria Elena Lagomasino report on this Form 4 for DIS?

Maria Elena Lagomasino reported receiving an equity award of 954.8 Disney common shares. The grant, valued at $100.80 per share, is compensation for board service and increases her direct holdings to 37,740 shares following the transaction under Disney’s Amended and Restated 2011 Stock Incentive Plan.

Was the Disney (DIS) Form 4 transaction a market purchase or a stock award?

The Form 4 transaction was a stock award, not an open-market purchase. It is coded as an acquisition under transaction code A, reflecting a grant or award of 954.8 Disney common shares as part of board compensation rather than a discretionary buy in the public market.

How many Disney shares does Maria Elena Lagomasino hold after this reported award?

After the award, Maria Elena Lagomasino directly holds 37,740 Disney common shares. This total includes the newly granted 954.8 shares tied to her board compensation, combining stock units issued in lieu of some cash fees and additional deferred stock units under the company’s equity incentive plan.

How is the 954.8-share Disney award for Maria Elena Lagomasino structured?

The 954.8-share award is split between 310 stock units or shares issued instead of some quarterly board cash retainer and 644.8 deferred stock units. All units are granted under Disney’s Amended and Restated 2011 Stock Incentive Plan and are ultimately settled in Disney common stock.

What price per share is reported for Maria Elena Lagomasino’s Disney stock award?

The reported value for the equity award is $100.80 per Disney share. This price is used to value the 954.8-share grant on the Form 4, reflecting the compensation amount for Maria Elena Lagomasino’s board service under the company’s stock incentive plan at the transaction date.

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^*

LAGOMASINO MARIA ELENA

(Last) (First) (Middle)

500 S. 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/30/2026		A		954.8(1)	A	$100.8	37,740	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. Includes: (1) 310.0 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.

Remarks:

	/s/ Karen Young, as attorney-in-fact	07/02/2026
	** 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)