Walmart SVP Milum has 121 shares withheld for tax

Walmart SVP & Controller had a small number of shares withheld for taxes on vested restricted stock, leaving about 49,000 shares directly held.

Rhea-AI Filing Summary

Walmart Inc. (WMT) reported that officer Dwayne M. Milum, SVP & Controller, had 121.178 shares of Walmart common stock withheld on September 8, 2026 to satisfy tax withholding obligations upon the vesting of restricted stock. After this tax-withholding disposition, he directly holds 49,030.454 shares of common stock. No Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

Tax Withholding: 121.178 shares

Tax Withholding 1 txn

Insider Milum Dwayne M

Role SVP & Controller

Type	Security	Shares	Price	Value
Tax Withholding	Common F1	121.178	$107.14	$13K

Holdings After Transaction: Common — 49,030.454 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

Key Figures

Shares withheld for tax: 121.178 shares Per-share value for tax-withheld shares: $107.14 per share Shares held after transaction: 49,030.454 shares +1 more

4 metrics

Shares withheld for tax 121.178 shares Withheld on September 8, 2026 to satisfy tax withholding obligations upon vesting of restricted stock

Per-share value for tax-withheld shares $107.14 per share Associated with the 121.178 shares withheld on September 8, 2026

Shares held after transaction 49,030.454 shares Directly held by Dwayne M. Milum following the September 8, 2026 tax-withholding disposition

Exercise price or tax liability transactions 1 transaction, 121.178 shares Aggregate count of code F transactions in this Form 4

Key Terms

restricted stock, tax withholding obligations, Form 4, Rule 10b5-1 trading plan

4 terms

restricted stock financial

"upon the vesting of restricted stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax withholding obligations financial

"withheld to satisfy tax withholding obligations upon the vesting"

Form 4 regulatory

"according to the Form 4 data"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Rule 10b5-1 trading plan regulatory

"No Rule 10b5-1 trading plan is indicated"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Walmart (WMT) report for Dwayne M. Milum?

Walmart reported that Dwayne M. Milum had 121.178 shares of common stock withheld on September 8, 2026 to satisfy tax withholding obligations upon the vesting of restricted stock.

How many Walmart (WMT) shares does Dwayne M. Milum hold after this Form 4 transaction?

After the reported tax-withholding disposition, Dwayne M. Milum directly holds 49,030.454 shares of Walmart common stock, according to the Form 4 data.

Was the Walmart (WMT) insider transaction a market sale or a tax withholding?

The transaction was a tax withholding event. Shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock, rather than sold in the open market.

What price per share is associated with the tax-withholding shares for WMT?

The 121.178 shares withheld for tax purposes are associated with a value of $107.14 per share, as reported in the Form 4 for the September 8, 2026 transaction.

Was the Walmart (WMT) insider transaction under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan was affirmed for this transaction involving shares withheld for tax obligations on vested restricted stock.

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

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Available on EDGAR 09/09/2026 - 05:13 PM EDT Accepted by SEC EDGAR 09/09/2026 - 05:13 PM EDT 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^*

Milum Dwayne M

(Last) (First) (Middle)

1 CUSTOMER DRIVE

(Street)

BENTONVILLE ARKANSAS 72716

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Walmart Inc. [ WMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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
Common	09/08/2026		F		121.178(1)	D	$107.14	49,030.454	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. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

Remarks:

	/s/ Mary Marshall, by power of attorney	09/09/2026
	** 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)