Form 4: Walmart Director Cesar Conde Acquires Shares as Quarterly Compensation

Walmart Inc. Director Cesar Conde acquired 267 shares of common stock on June 30, 2025, as part of his quarterly director compensation, increasing his beneficial ownership to 30,820 shares.

Summary

• Cesar Conde, a Director of Walmart Inc. (WMT), acquired 267 shares of common stock.
• The transaction occurred on June 30, 2025.
• These shares represent quarterly director compensation, which Mr. Conde elected to receive in stock rather than cash.
• The number of shares was determined based on the closing price of Walmart's common stock on the date of grant.
• Following this transaction, Cesar Conde beneficially owns 30,820 shares of Walmart common stock.

Sentiment

Score: 6

Explanation: The acquisition of shares by a director as part of compensation is a positive signal of alignment with shareholder interests, though the small number of shares makes the overall impact on sentiment modest.

Positives

• A director electing to receive compensation in shares aligns their interests with shareholders, indicating confidence in the company's future performance.

Future Outlook

NA

Industry Context

This transaction is a routine disclosure of director compensation in the retail industry, where it is common for board members to receive a portion of their compensation in company stock to align their interests with shareholders.

Related Party Transactions

• Cesar Conde, a Director of Walmart Inc., received 267 shares of common stock as part of his quarterly director compensation, which is a standard related-party transaction between the company and its board member.

Stakeholder Impact

• Shareholders: The director's election to receive compensation in shares aligns his interests with those of shareholders, potentially fostering greater commitment to long-term company performance.

Key Dates

Keywords

Walmart, WMT, Cesar Conde, SEC Form 4, Insider Trading, Director Compensation, Stock Grant, Equity Compensation, Beneficial Ownership