Walmart (WMT) director Penner receives 502 deferred stock units as pay

Rhea-AI Filing Summary

Penner Gregory Boyd reported acquisition or exercise transactions in this Form 4 filing.

Walmart Inc. director Gregory Boyd Penner reported a routine equity grant as part of his quarterly board compensation. He received 502 shares of Walmart common stock in the form of deferred stock units, valued using the closing share price of $113.26 on the grant date.

After this award, Penner directly holds 263,109.78 shares of Walmart common stock and has additional indirect ownership of 1,448,634 shares held by his spouse. The filing reflects compensation and ownership structure rather than an open-market purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Penner Gregory Boyd

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common	502	$113.26	$57K
holding	Common	--	--	--

Holdings After Transaction: Common — 263,109.78 shares (Direct, null); Common — 1,448,634 shares (Indirect, By spouse)

Footnotes (1)

1. [object Object]

Key Figures

Deferred stock unit grant: 502 shares Grant valuation price: $113.26 per share Direct holdings after grant: 263,109.78 shares +1 more

4 metrics

Deferred stock unit grant 502 shares Quarterly director compensation award

Grant valuation price $113.26 per share Closing price on grant date used to calculate units

Direct holdings after grant 263,109.78 shares Walmart common stock directly owned by Penner

Indirect holdings by spouse 1,448,634 shares Walmart common stock held indirectly through spouse

Key Terms

quarterly director compensation, stock units, indirect ownership, Grant, award, or other acquisition

4 terms

quarterly director compensation financial

"Represents quarterly director compensation, which the Reporting Person elected to defer"

stock units financial

"elected to defer in the form of stock units. The number of stock units was determined"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

indirect ownership financial

"total_shares_following_transaction ... direct_or_indirect "I" nature_of_ownership "By spouse""

Grant, award, or other acquisition financial

"transaction_code_description "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:26 PM Accepted by SEC EDGAR 07/02/2026 - 04:26 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^*

Penner Gregory Boyd

(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)
06/30/2026

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	06/30/2026		A		502(1)	A	$113.26	263,109.78	D
Common								1,448,634	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 quarterly director compensation, which the Reporting Person elected to defer in the form of stock units. The number of stock units was determined by using the closing price of the Issuer's common stock on the date of grant.

Remarks:

	/s/ Mary Marshall, by power of attorney	07/02/2026
	** 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)

FAQ

What insider transaction did Gregory Boyd Penner report for Walmart (WMT)?

Gregory Boyd Penner reported receiving 502 Walmart common shares as deferred stock units under quarterly director compensation. The units were calculated using Walmart’s closing share price of $113.26 on the grant date, reflecting a routine, compensation-related equity award rather than an open-market trade.

How many Walmart (WMT) shares does Gregory Boyd Penner own after this Form 4 filing?

After this filing, Gregory Boyd Penner directly owns 263,109.78 Walmart common shares and indirectly holds 1,448,634 shares through his spouse. These totals combine his direct position and the reported indirect ownership, giving a clearer picture of his overall economic exposure to Walmart stock.

Was Gregory Boyd Penner’s Walmart (WMT) Form 4 a stock purchase or a compensation grant?

The Form 4 reflects a compensation grant, not an open-market stock purchase. Penner received 502 Walmart shares as deferred stock units for quarterly director compensation, determined using the stock’s closing price on the grant date, as described in the filing’s footnote disclosure.

How was the number of Walmart (WMT) stock units for Gregory Boyd Penner’s award calculated?

The number of stock units was calculated by dividing the compensation amount by Walmart’s closing common stock price on the grant date, $113.26 per share. This method, described in the footnote, converts quarterly director fees into an equivalent number of deferred stock units.

What type of ownership does Gregory Boyd Penner report for his Walmart (WMT) shares?

Penner reports both direct and indirect ownership of Walmart shares. He directly owns 263,109.78 common shares and indirectly owns 1,448,634 shares held by his spouse. The filing distinguishes these categories to clarify his personal versus family-related economic interests.