Walmart EVP has shares withheld for RSU taxes

Walmart Inc. Executive Vice President David W. Guggina reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President David W. Guggina reported a routine tax-related share disposition. On the vesting of restricted stock, 118.271 shares of Walmart common stock were withheld at $114.6000 per share to satisfy tax withholding obligations, rather than being sold on the open market.

The footnote explains that a portion of the remaining vested shares was deferred by Guggina to a future date. Following this tax withholding event, he directly holds 137,045.419 shares of Walmart common stock, indicating that the disposition represents a small fraction of his overall reported holdings.

Insider Trade Summary

Exercise Price or Tax Liability: 118.271 shares

Exercise Price or Tax Liability 1 txn

Insider Guggina David W

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common	118.271	$114.60	$14K

Holdings After Transaction: Common — 137,045.419 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.

Key Figures

Shares withheld for taxes: 118.271 shares Per-share value for withholding: $114.6000 per share Shares held after transaction: 137,045.419 shares +1 more

4 metrics

Shares withheld for taxes 118.271 shares Withheld upon restricted stock vesting to satisfy tax obligations

Per-share value for withholding $114.6000 per share Valuation used for withheld Walmart common shares

Shares held after transaction 137,045.419 shares Direct holdings of David W. Guggina following tax withholding

Tax-withholding share count (summary) 118.271 shares Reflected as taxWithholdingShares in transactionSummary

Key Terms

restricted stock, tax withholding obligations, vesting, Form 4

4 terms

restricted stock financial

"Represents shares withheld to satisfy 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 upon the vesting of restricted stock."

vesting financial

"Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 regulatory

"This routine Form 4 update reflects a tax-withholding disposition."

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

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

What insider transaction did Walmart (WMT) report for David W. Guggina?

Walmart Executive Vice President David W. Guggina reported a tax-related share disposition. 118.271 common shares were withheld to cover tax obligations when restricted stock vested, a routine non-market transaction rather than an open-market sale of Walmart stock.

How many Walmart (WMT) shares were withheld for taxes in this Form 4?

The filing shows 118.271 Walmart common shares were withheld to satisfy tax withholding obligations. This occurred upon the vesting of restricted stock, using shares instead of cash to pay the related tax liability owed by the executive.

At what price were the withheld Walmart (WMT) shares valued?

The withheld shares were valued at $114.6000 per Walmart common share. This price is used in the Form 4 to calculate the value of the 118.271 shares applied toward satisfying the executive’s restricted stock vesting tax obligations.

How many Walmart (WMT) shares does David W. Guggina hold after this transaction?

After the tax-withholding disposition, David W. Guggina directly holds 137,045.419 Walmart common shares. This indicates the shares withheld for taxes represent a small portion of his reported position following the restricted stock vesting event.

Was the Walmart (WMT) insider transaction an open-market sale?

No, the transaction was not an open-market sale. The filing describes it as shares withheld to satisfy tax withholding obligations when restricted stock vested, meaning the company retained shares instead of selling them into the market for cash.

What does the footnote say about deferred Walmart (WMT) shares?

The footnote states that a portion of the remaining vested shares was deferred by the reporting person to a future date. This means some vested restricted stock will be delivered later, according to the executive’s deferral election or plan terms.

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

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Accepted by SEC EDGAR 06/04/2026 - 04:32 PM EDT 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)
06/02/2026

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	06/02/2026		F		118.271(1)	D	$114.6	137,045.419	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.

Remarks:

	/s/ Mary Marshall, by power of attorney	06/04/2026
	** 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)