Marissa Mayer (WMT) defers quarterly Walmart director fees into 254 stock units

Rhea-AI Filing Summary

Walmart Inc. director Marissa A. Mayer acquired 254 common stock units as part of her quarterly director compensation. The award was valued using a reference price of $113.26 per share on the grant date and was elected to be received in deferred stock units rather than cash.

After this compensation grant, Mayer’s directly held and deferred equity position increased to a total of 133,412.5712 common shares/units, highlighting that the transaction represents a small, routine addition to an already substantial holding rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MAYER MARISSA A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	254	$113.26	$29K

Holdings After Transaction: Common — 133,412.571 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Stock units granted: 254 units Reference share price: $113.26 per share Total holdings after grant: 133,412.5712 shares/units +2 more

5 metrics

Stock units granted 254 units Quarterly director compensation grant on 2026-06-30

Reference share price $113.26 per share Closing Walmart common stock price on grant date

Total holdings after grant 133,412.5712 shares/units Mayer’s direct and deferred Walmart equity after transaction

Transaction type Grant/award acquisition Code A, non-derivative compensation stock units

Ownership type Direct Reported as directly owned following the award

Key Terms

quarterly director compensation, stock units, defer, grant, award, or other acquisition

4 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"

grant, award, or other acquisition financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:24 PM Accepted by SEC EDGAR 07/02/2026 - 04:23 PM Learn about SEC filing dates

FAQ

What did Marissa A. Mayer report in this Walmart (WMT) Form 4 filing?

Marissa A. Mayer reported receiving 254 Walmart common stock units as quarterly director compensation. These units were granted as a non-market award and increase her directly held and deferred equity holdings in Walmart rather than reflecting an open-market share purchase.

How many Walmart shares or units does Marissa A. Mayer hold after this transaction?

Following the reported transaction, Marissa A. Mayer holds a total of 133,412.5712 Walmart common shares or stock units. This figure reflects her position after adding the 254 deferred stock units granted as part of her quarterly director compensation program.

Was Marissa A. Mayer’s Walmart Form 4 transaction a stock purchase or a compensation grant?

The Form 4 transaction was a compensation grant, not an open-market purchase. Mayer elected to receive her quarterly director compensation in the form of 254 deferred Walmart stock units, calculated using the company’s closing share price on the grant date.

At what price were Marissa A. Mayer’s Walmart stock units valued for this Form 4 award?

The 254 Walmart stock units reported in the Form 4 were valued using a reference price of $113.26 per share. This price corresponds to Walmart’s closing common stock price on the grant date used to determine the number of deferred stock units.

Why are Marissa A. Mayer’s Walmart director fees shown as stock units in this filing?

The filing notes Mayer elected to defer her quarterly director compensation into stock units instead of cash. The number of units, 254, was determined by dividing her compensation amount by Walmart’s closing stock price of $113.26 on the grant 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^*

MAYER MARISSA A

(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)
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
Common	06/30/2026		A		254(1)	A	$113.26	133,412.5712	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 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	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)