Stock award and tax-share withholding for Walmart (NYSE: WMT) EVP

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Daniel J. Bartlett reported two stock transactions involving Walmart common shares. On January 13, 2026, 8,302.329 shares were withheld at a price of $117.97 per share to cover tax obligations tied to the vesting of restricted stock. On January 14, 2026, he received a grant of 13,970 shares of restricted stock at no cash cost to him.

The newly granted restricted shares are scheduled to vest in roughly equal installments on January 12, 2027, January 11, 2028, and January 9, 2029. After these transactions, Bartlett directly beneficially owned 647,030.333 Walmart common shares, reflecting his ongoing equity stake as a senior executive.

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

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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^*

Bartlett Daniel J

(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)
01/13/2026

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	01/13/2026		F		8,302.329(1)	D	$117.97	633,060.333	D
Common	01/14/2026		A		13,970(2)	A	$0	647,030.333	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.

2. Restricted stock granted on January 14, 2026, scheduled to vest in approximately equal installments on January 12, 2027, January 11, 2028, and January 9, 2029.

Remarks:

	/s/ Dirk Gardner, by power of attorney	01/15/2026
	** 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 insider activity did Walmart (WMT) report for Daniel J. Bartlett?

Walmart reported that Executive Vice President Daniel J. Bartlett had 8,302.329 shares withheld to cover taxes on restricted stock vesting and received a grant of 13,970 restricted shares.

How many Walmart shares did Daniel J. Bartlett own after these Form 4 transactions?

Following the reported transactions, Daniel J. Bartlett beneficially owned 647,030.333 shares of Walmart common stock, held directly.

Why were 8,302.329 Walmart shares withheld from Daniel J. Bartlett?

The 8,302.329 shares represent stock withheld to satisfy tax withholding obligations that arose when restricted stock vested.

What are the terms of Daniel J. Bartlett’s 13,970-share restricted stock grant at Walmart?

The 13,970 restricted shares granted on January 14, 2026 are scheduled to vest in approximately equal installments on January 12, 2027, January 11, 2028, and January 9, 2029.

Did Daniel J. Bartlett pay cash for the 13,970 Walmart restricted shares?

No. The 13,970 restricted shares were reported at a price of $0 per share, indicating they were granted as part of his compensation rather than purchased in the market.

Is Daniel J. Bartlett’s Walmart ownership reported as direct or indirect?

The Form 4 shows Daniel J. Bartlett’s Walmart common stock ownership from these transactions as direct (D), with no separate entity noted for indirect ownership.