Walmart (WMT) EVP Dallaire has shares withheld for taxes on vested stock

Q: What did Walmart (WMT) Executive Vice President Seth Dallaire report in this Form 4?

Seth Dallaire reported a routine tax-withholding disposition . Walmart withheld 388.415 common shares at $130.33 per share to satisfy tax obligations arising from the vesting of restricted stock, rather than an open-market sale of shares.

Q: Was the Walmart (WMT) Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition , not an open-market sale. 388.415 shares were withheld by Walmart to cover tax obligations upon restricted stock vesting, as explained in the filing’s footnote.

Q: What does the ‘Joint with Spouse’ ownership mean in the Walmart (WMT) Form 4?

‘ Joint with Spouse ’ indicates indirect ownership of shares shared with a spouse. In this filing, 150,529 Walmart common shares are reported as jointly owned, separate from the executive’s directly held share balance.

Q: What is the significance of transaction code F in the Walmart (WMT) Form 4?

Transaction code F indicates shares were used to pay an exercise price or tax liability . Here, 388.415 shares were withheld to satisfy tax obligations when restricted stock vested, according to the filing’s footnote.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Seth Dallaire reported a routine tax-related share disposition. On May 5, 2026, 388.415 shares of Walmart common stock were withheld at $130.33 per share to cover tax obligations when restricted stock vested. After this, he directly holds 378,790.809 shares and indirectly holds 150,529 shares jointly with his spouse.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Dallaire Seth

Role Executive Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common	388.415	$130.33	$51K
holding	Common	--	--	--

Holdings After Transaction: Common — 378,790.809 shares (Direct, null); Common — 150,529 shares (Indirect, Joint with Spouse)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 388.415 shares Withholding price per share: $130.33 per share Direct holdings after transaction: 378,790.809 shares +1 more

4 metrics

Shares withheld for taxes 388.415 shares Withheld upon vesting of restricted stock on May 5, 2026

Withholding price per share $130.33 per share Value used for tax-withholding disposition

Direct holdings after transaction 378,790.809 shares Common stock directly held after May 5, 2026 transaction

Indirect joint holdings with spouse 150,529 shares Common stock held jointly with spouse as reported in holding entry

Key Terms

tax withholding obligations, restricted stock, Joint with Spouse, tax-withholding disposition

4 terms

tax withholding obligations financial

"Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock"

restricted stock financial

"Represents shares withheld to satisfy tax withholding obligations 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.

Joint with Spouse financial

"nature_of_ownership: Joint with Spouse"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 04:59 PM

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^*

Dallaire Seth

(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)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common	05/05/2026		F		388.415⁽¹⁾	D	$130.33	378,790.809	D
Common								150,529	I	Joint with Spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	05/07/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Walmart (WMT) Executive Vice President Seth Dallaire report in this Form 4?

Seth Dallaire reported a routine tax-withholding disposition. Walmart withheld 388.415 common shares at $130.33 per share to satisfy tax obligations arising from the vesting of restricted stock, rather than an open-market sale of shares.

Was the Walmart (WMT) Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 388.415 shares were withheld by Walmart to cover tax obligations upon restricted stock vesting, as explained in the filing’s footnote.

How many Walmart (WMT) shares does Seth Dallaire hold after this Form 4 transaction?

After the reported transaction, Seth Dallaire directly holds 378,790.809 Walmart common shares. The filing also shows an additional 150,529 shares held indirectly, classified as Joint with Spouse ownership.

What does the ‘Joint with Spouse’ ownership mean in the Walmart (WMT) Form 4?

‘Joint with Spouse’ indicates indirect ownership of shares shared with a spouse. In this filing, 150,529 Walmart common shares are reported as jointly owned, separate from the executive’s directly held share balance.

What is the significance of transaction code F in the Walmart (WMT) Form 4?

Transaction code F indicates shares were used to pay an exercise price or tax liability. Here, 388.415 shares were withheld to satisfy tax obligations when restricted stock vested, according to the filing’s footnote.