Walmart (WMT) EVP Donna Morris granted 55,485 performance-based RSUs

Rhea-AI Filing Summary

Morris Donna reported acquisition or exercise transactions in this Form 4 filing.

Walmart Executive Vice President Donna Morris received an equity award of 55,485 shares of common stock in the form of restricted stock units. These units were earned based on performance goals for the one-year period ended Jan. 31, 2026, as certified by the Compensation and Management Development Committee on March 9, 2026, and carry no purchase price.

The restricted stock units are scheduled to vest on Jan. 31, 2028 if she remains employed by Walmart through that date. Following this grant, she holds 457,556.991 Walmart shares directly, and 65,178 shares are held indirectly through a family trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Morris Donna

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common	55,485	$0.00	--
holding	Common	--	--	--

Holdings After Transaction: Common — 457,556.991 shares (Direct); Common — 65,178 shares (Indirect, By Family Trust)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Morris Donna

(Last) (First) (Middle)

1 CUSTOMER DRIVE

(Street)

BENTONVILLE AR 72716

(City) (State) (Zip)

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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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
Common	03/09/2026		A		55,485(1)	A	$0	457,556.991	D
Common								65,178	I	By Family 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. Represents restricted stock units earned by Reporting Person upon achievement of performance goals for the one-year period ended Jan. 31, 2026, as certified by the Compensation and Management Development Committee on March 9, 2026. The restricted stock units are scheduled to vest Jan. 31, 2028, if Reporting Person remains employed by the Issuer on that date.

Remarks:

	/s/ Dirk Gardner, by power of attorney	03/11/2026
	** 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.

FAQ

What did Walmart (WMT) Executive Vice President Donna Morris receive in this Form 4 filing?

Donna Morris received an award of 55,485 restricted stock units of Walmart common stock. These units were granted as equity compensation, reflecting performance for the year ended January 31, 2026, and do not require her to pay a purchase price.

What performance period applies to Donna Morris’s new Walmart (WMT) restricted stock units?

The restricted stock units were earned based on performance goals for the one-year period ended January 31, 2026. Walmart’s Compensation and Management Development Committee certified the achievement of these goals on March 9, 2026, triggering the award’s confirmation.

When do Donna Morris’s Walmart (WMT) restricted stock units vest and what is the condition?

The restricted stock units are scheduled to vest on January 31, 2028. Vesting requires that Donna Morris remain employed by Walmart through that date, making continued employment a key condition of receiving the underlying shares.

How many Walmart (WMT) shares does Donna Morris hold after this Form 4 transaction?

After the reported grant, Donna Morris holds 457,556.991 Walmart shares directly. In addition, 65,178 Walmart shares are held indirectly through a family trust, as reflected in the holding entry included with this Form 4 filing.

Does Donna Morris have to pay for the Walmart (WMT) shares underlying these restricted stock units?

No, the restricted stock units were granted at a reported price of $0.00 per share. This means they are part of her compensation package, rather than purchased in an open-market or cash exercise transaction.

What role did Walmart’s Compensation and Management Development Committee play in this Form 4 event?

The Compensation and Management Development Committee certified that performance goals for the period ended January 31, 2026, were achieved. That certification on March 9, 2026, determined the number of restricted stock units, 55,485, that Donna Morris earned.