Walmart SVP has shares withheld for taxes

Walmart Inc. Senior Vice President and Controller Dwayne M. Milum reported a routine tax-withholding transaction tied to equity compensation.

Rhea-AI Filing Summary

Walmart Inc. Senior Vice President and Controller Dwayne M. Milum reported a routine tax-withholding transaction tied to equity compensation. On the vesting of restricted stock, 121.742 shares of Walmart common stock were withheld at $114.6000 per share to satisfy tax obligations. After this non-market disposition, he directly owns 49,387.161 Walmart common shares.

Insider Trade Summary

Exercise Price or Tax Liability: 121.742 shares

Exercise Price or Tax Liability 1 txn

Insider Milum Dwayne M

Role SVP & Controller

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common	121.742	$114.60	$14K

Holdings After Transaction: Common — 49,387.161 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

Key Figures

Shares withheld for taxes: 121.742 shares Tax withholding price: $114.6000 per share Shares owned after transaction: 49,387.161 shares +1 more

4 metrics

Shares withheld for taxes 121.742 shares Tax withholding on restricted stock vesting

Tax withholding price <money>$114.6000</money> per share Value used for withheld shares

Shares owned after transaction 49,387.161 shares Direct ownership following tax-withholding disposition

Tax-withholding share count (summary) 121.742 shares Reported in transactionSummary as taxWithholdingShares

Key Terms

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

4 terms

restricted stock financial

"upon the vesting of restricted stock"

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

"shares withheld to satisfy tax withholding obligations upon the vesting"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Walmart (WMT) executive Dwayne M. Milum report?

Dwayne M. Milum reported a tax-withholding disposition of Walmart common stock. Upon restricted stock vesting, 121.742 shares were withheld at $114.6000 per share to cover taxes, leaving him with 49,387.161 shares directly owned.

Was the recent Walmart (WMT) insider transaction an open-market sale?

No, the transaction was not an open-market sale. It was an F-code tax-withholding disposition, where 121.742 shares were withheld automatically to satisfy tax obligations triggered by the vesting of restricted stock awards.

How many Walmart (WMT) shares were withheld for Dwayne M. Milum’s taxes?

The transaction shows that 121.742 shares of Walmart common stock were withheld. These shares, valued at $114.6000 each, were used solely to satisfy tax withholding obligations when restricted stock vested, rather than being sold on the market.

How many Walmart (WMT) shares does Dwayne M. Milum own after the transaction?

Following the tax-withholding disposition, Dwayne M. Milum directly owns 49,387.161 shares of Walmart common stock. This reflects his post-transaction holdings after 121.742 shares were withheld to cover taxes related to restricted stock vesting.

What does transaction code F mean in this Walmart (WMT) insider report?

Transaction code F indicates a tax-withholding disposition. In this case, Walmart shares were withheld to pay taxes due when restricted stock vested, rather than being actively bought or sold by the insider on the open market.

What role does Dwayne M. Milum hold at Walmart (WMT) in this insider filing?

Dwayne M. Milum is identified as Senior Vice President and Controller of Walmart Inc. The reported transaction reflects routine equity compensation mechanics, specifically tax withholding upon the vesting of restricted stock awards granted to him.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/04/2026 - 04:36 PM EDT 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^*

Milum Dwayne M

(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)
	SVP & Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

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	06/02/2026		F		121.742(1)	D	$114.6	49,387.161	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 shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

Remarks:

	/s/ Mary Marshall, by power of attorney	06/04/2026
	** 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)