Executive VP at Walmart (WMT) gets 65,684 RSUs in performance grant

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Nicholas Christopher James reported routine equity compensation activity. He received a grant of 65,684 restricted stock units earned for performance for the one-year period ended Jan. 31, 2026, as certified on March 9, 2026. These units are scheduled to vest on Jan. 31, 2028 if he remains employed by the company. A separate transaction shows 120.929 common shares withheld to cover tax obligations upon the vesting of restricted stock, with a portion of the remaining vested shares deferred to a future date. After these transactions, he directly holds about 599,029 Walmart shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Nicholas Christopher James

Role Executive Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common	120.929	$124.34	$15K
Grant/Award	Common	65,684	$0.00	--

Holdings After Transaction: Common — 599,028.909 shares (Direct)

Footnotes (1)

1. Represents restricted stock units earned by Reporting Person upon achievement of performance goals for the one-year period ended Jan. 31, 2026, as certified by the Compensation and Management Development Committee on March 9, 2026. The restricted stock units are scheduled to vest Jan. 31, 2028, if Reporting Person remains employed by the Issuer on that date. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Nicholas Christopher James

(Last) (First) (Middle)

1 CUSTOMER DRIVE

(Street)

BENTONVILLE AR 72716

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/09/2026		A		65,684(1)	A	$0	599,149.838	D
Common	03/10/2026		F		120.929(2)	D	$124.34	599,028.909	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 restricted stock units earned by Reporting Person upon achievement of performance goals for the one-year period ended Jan. 31, 2026, as certified by the Compensation and Management Development Committee on March 9, 2026. The restricted stock units are scheduled to vest Jan. 31, 2028, if Reporting Person remains employed by the Issuer on that date.

2. 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/ Dirk Gardner, by power of attorney	03/11/2026
	** 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.

FAQ

What insider transactions did Walmart (WMT) report for Nicholas Christopher James?

Walmart reported that Executive Vice President Nicholas Christopher James received 65,684 restricted stock units as a performance-based award and had 120.929 shares withheld to cover tax obligations on vested restricted stock, leaving him with about 599,029 directly held shares.

Was the Walmart (WMT) insider activity a market buy or sell of shares?

The activity was not an open-market buy or sell. It consisted of a grant of 65,684 restricted stock units as compensation and a small 120.929-share tax-withholding disposition tied to vesting, both typical for executive equity programs rather than discretionary trading.

How many Walmart (WMT) shares does Nicholas Christopher James hold after these transactions?

After the reported transactions, Nicholas Christopher James directly holds 599,028.909 Walmart common shares. This figure reflects his position following the grant of 65,684 restricted stock units and the withholding of 120.929 shares to satisfy tax obligations on vested restricted stock.

When do the new Walmart (WMT) restricted stock units for Nicholas Christopher James vest?

The 65,684 restricted stock units earned by Nicholas Christopher James are scheduled to vest on Jan. 31, 2028. Vesting is contingent on him remaining employed by Walmart through that date, aligning the award with long-term executive retention and performance goals.

What performance period determined the new Walmart (WMT) RSU grant for Nicholas Christopher James?

The RSU grant was based on performance for the one-year period ended Jan. 31, 2026. The Compensation and Management Development Committee certified achievement of the performance goals on March 9, 2026, triggering the award of 65,684 restricted stock units to the executive.

Why were 120.929 Walmart (WMT) shares withheld from Nicholas Christopher James?

The 120.929 Walmart shares were withheld to satisfy tax withholding obligations when restricted stock vested for Nicholas Christopher James. Footnotes also note that part of the remaining vested shares was deferred to a future date, a common feature of executive compensation programs.