Walmart EVP tax withholding in share vesting

Walmart Inc. Executive Vice President David W. Guggina reported a tax-withholding disposition of 117.725 shares of Walmart common stock on July 14, 2026.

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President David W. Guggina reported a tax-withholding disposition of 117.725 shares of Walmart common stock on July 14, 2026. The shares were withheld at $114.78 per share to satisfy tax obligations upon the vesting of restricted stock. Following the withholding, Guggina directly holds 124,959.577 shares of common stock, and the reported balance reflects current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

Insider Trade Summary

Tax Withholding: 117.725 shares

Tax Withholding 1 txn

Insider Guggina David W

Role Executive Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common F1, F2	117.725	$114.78	$14K

Holdings After Transaction: Common — 124,959.577 shares (Direct)

Footnotes (2)

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.
2. F2. Balance adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

Key Figures

Shares withheld for taxes: 117.725 shares Tax withholding price per share: $114.7800 Shares owned after transaction: 124,959.577 shares +1 more

4 metrics

Shares withheld for taxes 117.725 shares Withheld to satisfy tax withholding obligations upon vesting of restricted stock

Tax withholding price per share $114.7800 Value per share used for tax-withholding disposition on July 14, 2026

Shares owned after transaction 124,959.577 shares Direct Walmart common shares held by David W. Guggina following the transaction

Tax-withholding transactions reported 1 Number of tax-withholding dispositions (code F) in this Form 4

Key Terms

restricted stock, tax withholding obligations, Walmart Inc. 2016 Associate Stock Purchase Plan

3 terms

restricted stock financial

"upon the vesting of restricted stock. A portion of the remaining"

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

"shares withheld to satisfy tax withholding obligations upon the vesting"

Walmart Inc. 2016 Associate Stock Purchase Plan financial

"reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Walmart (WMT) EVP David W. Guggina report on this Form 4?

David W. Guggina reported a tax-withholding disposition of 117.725 shares of Walmart common stock. The shares were withheld at $114.78 per share to satisfy tax obligations tied to restricted stock vesting, and he now directly holds 124,959.577 shares following the transaction.

Was the Walmart (WMT) Form 4 transaction by David W. Guggina an open-market sale?

No, the reported transaction was a tax-withholding disposition, not an open-market sale. Shares were delivered to cover tax withholding obligations arising from the vesting of restricted stock, consistent with transaction code F, which denotes payment of exercise price or tax liability by delivering securities.

How many Walmart (WMT) shares does David W. Guggina own after the reported transaction?

After the tax-withholding disposition, David W. Guggina directly holds 124,959.577 shares of Walmart common stock. A footnote explains that this post-transaction balance has been adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

What triggered the tax withholding reported for Walmart (WMT) EVP David W. Guggina?

The tax withholding was triggered by the vesting of restricted stock awarded to David W. Guggina. Shares were withheld to satisfy related tax withholding obligations, and a portion of the remaining vested shares was deferred by the reporting person to a future date, according to the footnote.

What is the role of the Walmart 2016 Associate Stock Purchase Plan in this Form 4 for WMT?

A footnote states that Guggina’s share balance was adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan. This indicates the reported post-transaction holdings incorporate his position within that associate stock purchase plan.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 07/16/2026 - 06:09 PM Accepted by SEC EDGAR 07/16/2026 - 06:08 PM Learn about SEC filing dates

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^*

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)

	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)
07/14/2026

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	07/14/2026		F		117.725(1)	D	$114.78	124,959.577(2)	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 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.

2. Balance adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

Remarks:

	/s/ Mary Marshall, by power of attorney	07/16/2026
	** 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)