Form 4: Walmart Director Defers Compensation into Stock

Walmart Director Steuart L. Walton deferred quarterly compensation into 314 common stock units at $111.41 per unit, increasing his beneficial ownership.

Summary

• Steuart L. Walton, a Director and 10% Owner of Walmart Inc. (WMT), acquired 314 shares of common stock.
• The transaction occurred on December 31, 2025, at a price of $111.41 per share.
• This acquisition represents quarterly director compensation, which Mr. Walton elected to defer in the form of stock units.
• The number of stock units was determined using the closing price of Walmart's common stock on the date of grant.
• Following this transaction, Mr. Walton directly owns 79,606.25 shares and indirectly owns 93,654 shares through his spouse.

Sentiment

Score: 7

Explanation: The acquisition of additional stock units by a director, even as deferred compensation, generally signals confidence in the company's future performance and aligns management interests with shareholders.

Positives

• Director Steuart L. Walton elected to defer quarterly compensation into Walmart common stock units, demonstrating continued alignment of his interests with those of shareholders.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary acquisition.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Related Party Transactions

• Acquisition of 314 common stock units by Director Steuart L. Walton as quarterly director compensation, which he elected to defer.
• Indirect beneficial ownership of 93,654 shares by Steuart L. Walton through his spouse.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to stock ownership.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where a director deferred compensation into stock units. While it indicates continued alignment of interests, it does not present new information that would fundamentally alter the investment thesis for Walmart Inc. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals rather than this specific insider filing.

Keywords

Walmart, WMT, Steuart L. Walton, Director, Stock Units, Compensation, Insider Transaction, Form 4, Beneficial Ownership