Walmart (WMT) EVP Watkins awarded RSUs; shares withheld to cover taxes

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Latriece Watkins reported equity compensation activity in Walmart common stock. On March 9, 2026, she received a grant of 23,744.804 restricted stock units earned for performance for the one-year period ended January 31, 2026. These units are scheduled to vest on January 31, 2028, if she remains employed by Walmart on that date.

On March 10, 2026, 316.766 shares were withheld at $124.34 per share to satisfy tax withholding obligations upon vesting of restricted stock, a non-market disposition. After these updates, she directly holds 131,722.700 shares, and indirectly holds 1,664.1494 shares through a 401(k) or similar plan.

Insights

Equity compensation analyst

Routine equity grant and tax withholding, no open-market trading.

The filing shows Latriece Watkins, an Executive Vice President at Walmart Inc., receiving 23,744.804 restricted stock units based on performance for the year ended January 31, 2026. The award vests on January 31, 2028, contingent on continued employment.

A separate entry records 316.766 shares withheld at $124.34 per share to cover tax obligations when restricted stock vested. This F-code transaction is not an open-market sale and does not indicate a discretionary decision to reduce exposure.

Following these adjustments, Watkins holds 131,722.700 shares directly and 1,664.1494 shares indirectly via a 401(k) plan. The activity reflects standard executive compensation mechanics rather than directional trading, so it is best viewed as administratively neutral for investors.

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
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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^*

Watkins Latriece

(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		23,744.804(1)	A	$0	132,039.466	D
Common	03/10/2026		F		316.766(2)	D	$124.34	131,722.7(3)	D
Common								1,664.1494	I	By 401(k) plan

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.

3. Balance adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

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 did Walmart (WMT) Executive Vice President Latriece Watkins report in this Form 4?

Latriece Watkins reported a performance-based grant of 23,744.804 Walmart restricted stock units and a withholding of 316.766 shares for taxes. These entries reflect routine executive compensation and tax handling, not open-market buying or selling of Walmart stock.

How many Walmart (WMT) restricted stock units did Latriece Watkins receive?

She received 23,744.804 restricted stock units of Walmart common stock. The units were earned based on performance for the one-year period ended January 31, 2026, and are scheduled to vest on January 31, 2028, if she remains employed by Walmart through that date.

When do Latriece Watkins’ new Walmart (WMT) restricted stock units vest?

The restricted stock units are scheduled to vest on January 31, 2028. Vesting is contingent on Latriece Watkins remaining employed by Walmart on that date, tying the award to both prior performance and ongoing service at the company.

Why were 316.766 Walmart (WMT) shares disposed of in this filing?

The 316.766 shares were withheld to satisfy tax withholding obligations when restricted stock vested. This F-code transaction is a non-market, administrative disposition where shares go to cover taxes, not an open-market sale initiated to change investment exposure.

What are Latriece Watkins’ Walmart (WMT) share holdings after these transactions?

After the reported activity, Latriece Watkins directly holds 131,722.700 Walmart common shares. She also has an indirect holding of 1,664.1494 shares through a 401(k) or similar plan, reflecting both personal ownership and retirement-plan-linked exposure to Walmart stock.

Does this Walmart (WMT) Form 4 show open-market buying or selling by Latriece Watkins?

No, the Form 4 shows a performance-based restricted stock unit grant and tax withholding shares, with no open-market purchases or sales. The A-code and F-code entries represent compensation and tax mechanics rather than discretionary trading in Walmart shares.