Walmart (WMT) EVP uses share withholding to cover tax on vested stock

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President David W. Guggina reported a routine tax-withholding share disposition related to equity compensation. On May 5, 2026, 9,247.482 shares of Walmart common stock were withheld at $130.3300 per share to cover tax obligations when restricted stock vested. Following this automatic withholding, he directly held 137,163.6900 shares, and a portion of the remaining vested shares was deferred to a future date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Guggina David W

Role Executive Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common	9,247.482	$130.33	$1.21M

Holdings After Transaction: Common — 137,163.69 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 9,247.482 shares Withholding price per share: $130.3300 per share Shares held after transaction: 137,163.6900 shares

3 metrics

Shares withheld for taxes 9,247.482 shares Tax withholding on restricted stock vesting on May 5, 2026

Withholding price per share $130.3300 per share Value used for tax-withholding share calculation

Shares held after transaction 137,163.6900 shares Direct ownership following tax-withholding disposition

Key Terms

restricted stock, tax withholding obligations, tax-withholding disposition, Form 4

4 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

"Represents shares withheld to satisfy tax withholding obligations upon"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 04:56 PM

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)
05/05/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common	05/05/2026		F		9,247.482⁽¹⁾	D	$130.33	137,163.69	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	05/07/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Walmart (WMT) executive David Guggina report?

David W. Guggina reported a tax-withholding disposition of Walmart shares. On May 5, 2026, 9,247.482 common shares were withheld at $130.3300 per share to satisfy tax obligations triggered by the vesting of restricted stock, rather than an open-market sale.

Was the Walmart (WMT) Form 4 transaction an open-market sale of shares?

The transaction was not an open-market sale. Shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock, as described in the footnote. This type of disposition is a mechanical tax event tied to compensation, not a discretionary share sale in the market.

How many Walmart (WMT) shares were withheld for David Guggina’s taxes?

A total of 9,247.482 Walmart common shares were withheld. These shares covered tax obligations arising when restricted stock vested. The reported price per share for this withholding event was $130.3300, reflecting the value used to determine the number of shares withheld.

How many Walmart (WMT) shares does David Guggina hold after this Form 4 event?

After the tax-withholding disposition, David W. Guggina directly held 137,163.6900 Walmart common shares. This figure reflects his direct ownership immediately following the withholding related to restricted stock vesting, as disclosed in the Form 4 filing details.

What does the Form 4 say about deferred Walmart (WMT) shares for David Guggina?

The footnote states that a portion of the remaining vested shares was deferred to a future date. This means some shares earned from restricted stock vesting were not immediately received but scheduled for delivery later as part of his compensation arrangements.

What is the transaction code 'F' on the Walmart (WMT) Form 4 for David Guggina?

The transaction code 'F' indicates a tax-withholding disposition. It reflects payment of a tax liability by delivering securities, in this case 9,247.482 Walmart common shares withheld when restricted stock vested, rather than a voluntary market purchase or sale.