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Walmart (WMT) SVP Dwayne Milum has stock withheld to cover tax obligations

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

Rhea-AI Filing Summary

Walmart Inc. reports that SVP & Controller Dwayne M. Milum had 121.179 shares of Walmart common stock withheld on 2026-08-11 at a value of $112.66 per share. The shares were withheld to cover tax withholding obligations upon the vesting of restricted stock, and his directly held position after this event is 49,151.632 shares.

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Insider Milum Dwayne M
Role SVP & Controller
Type Security Shares Price Value
Tax Withholding Common F1 121.179 $112.66 $14K
Holdings After Transaction: Common — 49,151.632 shares (Direct)
Footnotes (1)
  1. F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.
Shares withheld for taxes 121.179 shares Common stock withheld on 2026-08-11 to satisfy tax withholding obligations
Per-share value for withholding $112.66 per share Value used for 121.179 withheld common shares on 2026-08-11
Shares held after transaction 49,151.632 shares Directly owned Walmart common stock following the August 11, 2026 event
restricted stock financial
"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.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations"
Form 4 regulatory
"How many Walmart (WMT) shares does Dwayne M. Milum hold after this Form 4 event?"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

What insider transaction did Walmart (WMT) report for Dwayne M. Milum?
Walmart reported that SVP & Controller Dwayne M. Milum had 121.179 shares of common stock withheld on 2026-08-11 to satisfy tax withholding obligations related to the vesting of restricted stock.

Was the Walmart (WMT) Form 4 transaction by Dwayne M. Milum an open-market sale?
No. The 121.179 shares reported for Dwayne M. Milum were withheld to satisfy tax withholding obligations on restricted stock vesting, not an open-market sale of shares to third parties.

How many Walmart (WMT) shares does Dwayne M. Milum hold after this Form 4 event?
After the reported tax-withholding transaction, Dwayne M. Milum directly holds 49,151.632 shares of Walmart common stock, as stated in the Form 4 following the August 11, 2026 restricted stock vesting event.

What price per share was used for Dwayne M. Milum’s tax-withholding shares at Walmart (WMT)?
The 121.179 shares withheld for Dwayne M. Milum’s tax obligations were valued at $112.66 per share, according to the Form 4 non-derivative transaction details for August 11, 2026.

Was Dwayne M. Milum’s Walmart (WMT) Form 4 transaction under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked, and the footnote describes the event as shares withheld for tax obligations on restricted stock vesting, not as trades executed under a trading plan.

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*
Milum Dwayne M
(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)
SVP & Controller
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
Common08/11/2026F121.179(1)D$112.6649,151.632D
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.
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