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Walmart (WMT) EVP David Guggina has shares withheld for taxes after vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Walmart Inc. executive vice president David W. Guggina reported a Form 4 transaction involving 117.725 shares of Walmart common stock on 2026-08-11. The shares were withheld to satisfy tax withholding obligations upon vesting of restricted stock at a reference price of $112.66 per share. After this tax-withholding disposition, he reports 124,841.852 shares held directly, and a portion of the remaining vested shares was deferred to a future date.

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Negative

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Insider Guggina David W
Role Executive Vice President
Type Security Shares Price Value
Tax Withholding Common F1 117.725 $112.66 $13K
Holdings After Transaction: Common — 124,841.852 shares (Direct)
Footnotes (1)
  1. F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock. A portion of the remaining vested shares was deferred by the Reporting Person to a future date.
Shares withheld for taxes 117.725 shares Shares of Walmart common stock withheld on 2026-08-11 to satisfy tax withholding obligations
Reference price per share $112.66 per share Price associated with the 117.725 withheld shares in the Form 4
Shares held after transaction 124,841.852 shares Directly held Walmart common shares reported following the tax-withholding disposition
Exercise-price-or-tax-liability shares 117.725 shares Total shares reported under code F for payment of tax liability by withholding securities
restricted stock financial
"upon the vesting of restricted stock. A portion of the remaining vested"
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
"Represents shares withheld to satisfy tax withholding obligations upon"
deferred financial
"A portion of the remaining vested shares was deferred by the Reporting"

FAQ

What insider transaction did Walmart (WMT) report for David W. Guggina?
Walmart reported that executive vice president David W. Guggina had 117.725 shares of common stock withheld on 2026-08-11 to cover tax obligations from vesting restricted stock, at a reference price of $112.66 per share.

Was the Walmart (WMT) Form 4 transaction a market sale of shares?
No. The Form 4 states the 117.725 shares were withheld to satisfy tax withholding obligations tied to restricted stock vesting, rather than an open-market sale, with a reported price of $112.66 per share.

How many Walmart (WMT) shares does David W. Guggina hold after the reported transaction?
Following the tax-withholding disposition, David W. Guggina is reported to hold 124,841.852 Walmart common shares directly. The filing also notes that a portion of the remaining vested shares was deferred to a future date.

What does the tax withholding in David Guggina’s Walmart (WMT) Form 4 relate to?
The withheld shares relate to tax withholding obligations triggered by the vesting of restricted stock. Instead of paying taxes in cash, 117.725 shares of Walmart common stock were retained by the company to cover the tax liability.

Did Walmart (WMT) indicate use of a Rule 10b5-1 trading plan for this Form 4?
No. The filing’s Rule 10b5-1 checkbox is not marked as using a trading plan. The single reported transaction is explicitly described as shares withheld to satisfy tax withholding obligations upon restricted stock vesting.

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

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Guggina David W
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Executive Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common08/11/2026F117.725(1)D$112.66124,841.852D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock. A portion of the remaining vested shares was deferred by the Reporting Person to a future date.
Remarks:
/s/ Mary Marshall, by power of attorney08/13/2026
** Signature of Reporting PersonDate
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