Steuart Walton (WMT) defers quarterly director pay into 309-share award

Rhea-AI Filing Summary

Walmart Inc. director Steuart L. Walton reported an acquisition of company stock through deferred compensation. He received 309 shares of Walmart common stock on a grant coded as an award, at a price of $113.26 per share, as quarterly director compensation he elected to defer in the form of stock units. Following this award, his directly held common stock position reported in this filing is 82,620.719 shares. A separate holding line shows 93,654 shares of common stock held indirectly by his spouse.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Walton Steuart L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common	309	$113.26	$35K
holding	Common	--	--	--

Holdings After Transaction: Common — 82,620.719 shares (Direct, null); Common — 93,654 shares (Indirect, By spouse)

Footnotes (1)

1. [object Object]

Key Figures

Director stock award: 309 shares Award price: $113.26 per share Direct holdings after award: 82,620.719 shares +1 more

4 metrics

Director stock award 309 shares Quarterly director compensation grant coded as award (A)

Award price $113.26 per share Price used for 309-share compensation grant

Direct holdings after award 82,620.719 shares Walmart common stock held directly after transaction

Indirect spouse holdings 93,654 shares Walmart common stock held indirectly by spouse

Key Terms

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

4 terms

stock units financial

"elected to defer in the form of stock units"

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.

quarterly director compensation financial

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

Grant, award, or other acquisition financial

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

indirect ownership financial

""ownership_type": "indirect", "ownership_code": "I""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:25 PM Accepted by SEC EDGAR 07/02/2026 - 04:25 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^*

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)
06/30/2026

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		309(1)	A	$113.26	82,620.719	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 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 Steuart L. Walton report for Walmart (WMT)?

Steuart L. Walton reported receiving 309 shares of Walmart common stock as a coded award. The grant represents quarterly director compensation that he chose to defer in stock units, based on Walmart’s closing share price on the grant date.

What was the price used to determine Steuart Walton’s Walmart (WMT) stock units?

The number of stock units was determined using the closing price of Walmart’s common stock on the grant date. The Form 4 lists a transaction price of $113.26 per share for the 309 common shares tied to this deferred compensation.

How many Walmart (WMT) shares does Steuart Walton hold directly after this filing?

After the reported award, Steuart Walton’s directly held Walmart common stock position is 82,620.719 shares. This figure reflects his direct ownership following the 309-share director compensation grant reported in the filing.

What indirect Walmart (WMT) holdings related to Steuart Walton are disclosed?

The filing discloses an indirect holding of 93,654 Walmart common shares listed as owned "By spouse." This entry is shown as a holding line, indicating shares associated with his spouse rather than a new buy or sell transaction.

Is Steuart Walton’s Walmart (WMT) transaction an open-market purchase or a compensation award?

The transaction is a compensation-related award, not an open-market purchase. The Form 4 uses transaction code A and a footnote explains it represents quarterly director compensation that Walton elected to defer into stock units based on the grant-date closing price.