Walmart (WMT) director McMillon awarded 209,611 performance-based RSUs

Rhea-AI Filing Summary

McMillon C Douglas reported acquisition or exercise transactions in this Form 4 filing.

Walmart Inc. director C Douglas McMillon reported receiving a grant of 209,611 shares of common stock in the form of restricted stock units on March 9, 2026. These units were earned based on performance goals for the one-year period ended January 31, 2026.

The restricted stock units are scheduled to vest on January 31, 2027, if McMillon remains employed by Walmart through that date. Following this grant, he directly holds 4,232,820.292 shares of Walmart common stock, in addition to various indirect holdings in retirement and family trust accounts.

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^*

McMillon C Douglas

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		209,611(1)	A	$0	4,232,820.292	D
Common								5,785.8872	I	By 401(k)
Common								415,203	I	By Trust for Children
Common								57,270	I	By Wife's Trust for Children
Common								173,466	I	By Marital Trust
Common								5,233	I	By Trust for Wife
Common								6,777	I	By Son
Common								395,970	I	By Wife's Trust for Children and Reporting Person

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, 2027, if Reporting Person remains employed by the Issuer on that date.

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 insider transaction did Walmart (WMT) report for C Douglas McMillon?

Walmart reported that director C Douglas McMillon received a grant of 209,611 restricted stock units of common stock. The award was earned for performance over the year ended January 31, 2026 and was certified by the Compensation and Management Development Committee on March 9, 2026.

When do C Douglas McMillon’s new Walmart (WMT) restricted stock units vest?

The 209,611 restricted stock units granted to C Douglas McMillon are scheduled to vest on January 31, 2027. Vesting depends on McMillon remaining employed by Walmart through that date, so the units function as a long-term incentive tied to continued service at the company.

What performance period is tied to C Douglas McMillon’s latest Walmart (WMT) stock award?

The restricted stock units were earned based on performance goals for the one-year period ended January 31, 2026. Walmart’s Compensation and Management Development Committee certified that these performance goals were achieved on March 9, 2026 before the award was recorded on the Form 4.

How many Walmart (WMT) shares does C Douglas McMillon hold directly after this Form 4?

After the reported grant, C Douglas McMillon directly holds 4,232,820.292 shares of Walmart common stock. This figure comes from the Form 4’s post-transaction ownership line, which reflects his direct stake excluding additional indirect holdings through retirement and family trust accounts.

Does the Walmart (WMT) Form 4 show any stock sales by C Douglas McMillon?

The Form 4 shows an acquisition of 209,611 restricted stock units and no reported stock sales. The primary transaction code is “A,” indicating a grant or award as part of compensation rather than an open-market purchase or sale of Walmart common stock.

What indirect Walmart (WMT) holdings are reported for C Douglas McMillon?

The filing lists several indirect holdings in Walmart common stock, including shares held through a 401(k), trusts for children, a marital trust, a trust for his wife, and shares held by his son. These entries show post-transaction balances but are not new acquisitions or sales.