Walmart director Steuart Walton granted 1,935 shares

Walmart Inc. director Steuart L. Walton reported a compensation-related stock award and updated holdings.

Rhea-AI Filing Summary

Walmart Inc. director Steuart L. Walton reported a compensation-related stock award and updated holdings. He received an annual equity grant of 1,935 shares of Walmart common stock as a non-management director, at a price of $0.00 per share, with receipt deferred to a future date under his prior election.

After this grant, he directly holds 82,311.719 shares of common stock. The filing also lists 93,654 shares of common stock held indirectly by his spouse, along with an adjustment reflecting phantom stock units acquired as dividend equivalents on deferred stock units.

Insider Trade Summary

Grant/Award: 1,935 shares

Grant/Award 2 txns

Insider Walton Steuart L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	1,935	$0.00	$0.00
holding	Common	--	--	--

Holdings After Transaction: Common — 82,311.719 shares (Direct); Common — 93,654 shares (Indirect, By spouse)

Footnotes (2)

1. F1. Represents an annual equity grant as part of the Reporting Person's non-management director compensation. The receipt of these shares was deferred to a future date under an election made by the Reporting Person.
2. F2. Balance adjusted to reflect phantom stock units acquired as dividend equivalents on deferred stock units.

Key Figures

Equity grant: 1,935 shares Direct holdings after grant: 82,311.719 shares Indirect holdings by spouse: 93,654 shares +1 more

4 metrics

Equity grant 1,935 shares Annual non-management director equity grant, price $0.00/share

Direct holdings after grant 82,311.719 shares Common stock directly held after reported acquisition

Indirect holdings by spouse 93,654 shares Common stock held indirectly by spouse as reported

Grant price $0.00 per share Equity compensation, not an open-market purchase

Key Terms

annual equity grant, non-management director compensation, phantom stock units, deferred stock units, +1 more

5 terms

annual equity grant financial

"Represents an annual equity grant as part of the Reporting Person's non-management director compensation."

non-management director compensation financial

"Represents an annual equity grant as part of the Reporting Person's non-management director compensation."

phantom stock units financial

"Balance adjusted to reflect phantom stock units acquired as dividend equivalents on deferred stock units."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

deferred stock units financial

"Balance adjusted to reflect phantom stock units acquired as dividend equivalents on deferred stock units."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

dividend equivalents financial

"Balance adjusted to reflect phantom stock units acquired as dividend equivalents on deferred stock units."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

FAQ

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

What did Steuart L. Walton report in this Walmart (WMT) Form 4 filing?

Steuart L. Walton reported receiving an annual equity grant of 1,935 Walmart common shares as non-management director compensation. The filing also updates his direct and indirect share holdings, including shares held by his spouse and adjustments for phantom stock units.

How many Walmart (WMT) shares did Steuart Walton acquire in this grant?

He acquired 1,935 shares of Walmart common stock through a compensation grant coded as an acquisition. The grant price is listed as $0.00 per share because it represents equity compensation, not an open-market purchase, and forms part of his director pay package.

What are Steuart Walton’s direct Walmart (WMT) share holdings after the transaction?

Following the reported grant, Steuart Walton directly holds 82,311.719 shares of Walmart common stock. This figure reflects his post-transaction direct ownership and excludes additional indirect holdings reported as being held by his spouse in the same Form 4 filing.

What indirect Walmart (WMT) holdings associated with Steuart Walton are disclosed?

The filing discloses 93,654 Walmart common shares held indirectly by his spouse. A footnote explains that the reported balance was adjusted to reflect phantom stock units acquired as dividend equivalents on deferred stock units, updating the total indirect position.

Why was Steuart Walton’s Walmart (WMT) equity grant deferred to a future date?

The Form 4 states that the 1,935-share grant was deferred to a future date under an election he previously made. This means he chose to postpone actual receipt of the shares as part of the company’s director compensation and deferral arrangements.

Is Steuart Walton’s 1,935-share Walmart (WMT) grant an open-market purchase?

No. The 1,935 shares are described as an annual equity grant for non-management director compensation with a $0.00 per-share price. This indicates a compensation award rather than an open-market stock purchase, and it is coded as a grant or other acquisition.

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

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Accepted by SEC EDGAR 06/08/2026 - 06:45 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^*

Walton Steuart L

(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)
06/04/2026

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	06/04/2026		A		1,935(1)	A	$0	82,311.719(2)	D
Common								93,654	I	By spouse

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 an annual equity grant as part of the Reporting Person's non-management director compensation. The receipt of these shares was deferred to a future date under an election made by the Reporting Person.

2. Balance adjusted to reflect phantom stock units acquired as dividend equivalents on deferred stock units.

Remarks:

	/s/ Mary Marshall, by power of attorney	06/08/2026
	** 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)