What indirect Walmart (WMT) holdings related to Steuart L. Walton are reported?

The filing reports 93,654 Walmart common shares as indirectly owned by Steuart L. Walton through his spouse. This indirect entry is labeled as “By spouse,” indicating additional economic exposure beyond his directly held Walmart shares.

Walmart (WMT) director Steuart Walton granted 282 deferred stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Walmart Inc. director Steuart L. Walton acquired 282 shares of common stock as a grant of quarterly director compensation. The award, valued using a price of $124.28 per share, was deferred in the form of stock units based on the closing price on the grant date.

Following the grant, Walton directly holds 80,053.574 Walmart common shares. An additional 93,654 shares are reported as indirectly owned by his spouse, expanding the overall reported economic exposure linked to the director.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Walton Steuart L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	282	$124.28	$35K
holding	Common	--	--	--

Holdings After Transaction: Common — 80,053.574 shares (Direct); Common — 93,654 shares (Indirect, By spouse)

Footnotes (1)

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Key Figures

Director stock units granted: 282 shares Grant valuation price: $124.28 per share Direct holdings after grant: 80,053.574 shares +2 more

5 metrics

Director stock units granted 282 shares Quarterly director compensation grant on March 31, 2026

Grant valuation price $124.28 per share Closing price used to determine stock units

Direct holdings after grant 80,053.574 shares Common stock directly owned by Steuart L. Walton

Indirect holdings by spouse 93,654 shares Common stock reported as owned by spouse

Transaction type Grant/award acquisition (Code A) Non-derivative acquisition of common stock units

Key Terms

quarterly director compensation, stock units, defer, indirect ownership, +1 more

5 terms

quarterly director compensation financial

"Represents quarterly director compensation, which the Reporting Person elected to defer"

stock units financial

"elected to defer in the form of stock units. The number of stock units was determined"

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.

defer financial

"which the Reporting Person elected to defer in the form of stock units"

indirect ownership financial

"total_shares_following_transaction": "93654.0000", "direct_or_indirect": "I""

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 06:10 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^*

Walton Steuart L

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		A		282⁽¹⁾	A	$124.28	80,053.574	D
Common								93,654	I	By 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 quarterly director compensation, which the Reporting Person elected to defer in the form of stock units. The number of stock units was determined by using the closing price of the Issuer's common stock on the date of grant.

Remarks:

	/s/ Mary Marshall, by power of attorney	04/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Steuart L. Walton report for Walmart (WMT)?

Steuart L. Walton reported receiving 282 Walmart common shares as quarterly director compensation. The award was structured as deferred stock units, determined using the company’s closing share price on the grant date, rather than an open-market stock purchase.

At what price were Steuart L. Walton’s Walmart (WMT) stock units valued?

The 282 deferred stock units for Steuart L. Walton were valued using a Walmart share price of $124.28. This value was based on the closing price of Walmart’s common stock on the grant date, as disclosed in the filing footnote.

How many Walmart (WMT) shares does Steuart L. Walton hold directly after this filing?

After the reported grant, Steuart L. Walton directly holds 80,053.574 shares of Walmart common stock. This figure reflects his direct ownership position following the 282-share quarterly director compensation award described in the Form 4.

Was Steuart L. Walton’s Walmart (WMT) award an open-market stock purchase?

No, the 282-share award was not an open-market purchase. The filing states it represents quarterly director compensation that Walton elected to defer into stock units, calculated using Walmart’s closing share price on the grant date.

How were Steuart L. Walton’s deferred Walmart (WMT) stock units determined?

The number of deferred stock units for Steuart L. Walton was determined by dividing his quarterly director compensation by Walmart’s closing common stock price. The filing specifies the stock price used was $124.28 on the grant date.