Walmart (NYSE: WMT) director granted 276 shares as quarterly pay

Rhea-AI Filing Summary

Walmart Inc. director Robert Edward Moritz Jr. received a grant of 276 shares of common stock on June 30, 2026 as part of his quarterly director compensation, which he elected to take in shares. The number of shares was based on Walmart’s closing stock price of $113.26 on the grant date. After this award and adjustments for shares acquired through a dividend reinvestment plan, his direct holdings total 14,031.678 common shares. This is a routine compensation-related award rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Moritz Robert Edward Jr.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common	276	$113.26	$31K

Holdings After Transaction: Common — 14,031.678 shares (Direct, null)

Footnotes (1)

1. Represents quarterly director compensation, which the Reporting Person elected to receive in the form of shares. The number of shares was determined by using the closing price of the Issuer's common stock on the date of grant. Balance adjusted to reflect shares acquired under a dividend reinvestment plan.

Key Figures

Shares granted: 276 shares Reference price per share: $113.26 per share Post-transaction holdings: 14,031.678 shares +1 more

4 metrics

Shares granted 276 shares Quarterly director compensation on June 30, 2026

Reference price per share $113.26 per share Closing price used to determine grant size on grant date

Post-transaction holdings 14,031.678 shares Director’s direct Walmart common stock holdings after grant and dividend reinvestment

Transaction type Grant, award, or other acquisition Non-derivative acquisition coded as “A” on Form 4

Key Terms

quarterly director compensation, dividend reinvestment plan, Grant, award, or other acquisition

3 terms

quarterly director compensation financial

"Represents quarterly director compensation, which the Reporting Person elected to receive in the form of shares."

dividend reinvestment plan financial

"Balance adjusted to reflect shares acquired under a dividend reinvestment plan."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Grant, award, or other acquisition financial

"Transaction code A is described as Grant, award, or other acquisition."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:24 PM Accepted by SEC EDGAR 07/02/2026 - 04:24 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^*

Moritz Robert Edward Jr.

(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		276(1)	A	$113.26	14,031.678(2)	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 quarterly director compensation, which the Reporting Person elected to receive in the form of shares. The number of shares was determined by using the closing price of the Issuer's common stock on the date of grant.

2. Balance adjusted to reflect shares acquired under a dividend reinvestment plan.

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 Walmart (WMT) disclose for Robert Edward Moritz Jr.?

Walmart disclosed that director Robert Edward Moritz Jr. received a grant of 276 common shares as quarterly director compensation. He chose to receive this compensation in stock, based on Walmart’s closing share price on the June 30, 2026 grant date.

Was the Walmart (WMT) transaction an open-market buy or a compensation grant?

The transaction was a compensation-related grant, not an open-market purchase. Moritz received 276 shares as quarterly director compensation, with the share count determined using Walmart’s closing stock price on the June 30, 2026 grant date.

At what reference price were the 276 Walmart (WMT) shares granted to the director?

The 276 Walmart shares were calculated using a reference price of $113.26 per share. This figure reflects the closing price of Walmart’s common stock on June 30, 2026, the date the director compensation grant was made.

How many Walmart (WMT) shares does Robert Edward Moritz Jr. hold after this grant?

Following the 276-share grant and adjustments for dividend reinvestment, Moritz directly holds 14,031.678 Walmart common shares. This total includes shares accumulated under a dividend reinvestment plan in addition to the most recent director compensation award.

What do the dividend reinvestment adjustments mean in the Walmart (WMT) Form 4 filing?

The filing notes that the director’s share balance was adjusted for shares acquired under a dividend reinvestment plan. This means cash dividends on existing holdings were automatically used to buy additional Walmart shares, slightly increasing his reported total position.