Form 4: Walmart Director Jim C. Walton Sells 2,000 Shares Following Stock Split

Jim C. Walton, a director at Walmart, sold 2,000 shares of common stock at an average price of $58.776, following the company's recent 3-for-1 stock split.

Summary

• Jim C. Walton, a director at Walmart, sold 2,000 shares of Walmart common stock on February 26, 2024.
• The sale was executed at a weighted average price of $58.776 per share.
• The shares were sold from the Walton Family Holdings Trust.
• Following the transaction, the Walton Family Holdings Trust holds 656,395,261 shares.
• Walton Enterprises, LLC, of which Jim C. Walton is a member, holds 3,002,673,393 shares.
• The reported share numbers have been adjusted to reflect Walmart's 3-for-1 stock split completed on February 23, 2024.
• Jim C. Walton disclaims beneficial ownership of the shares held by the Trust and the LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine stock sale by a director. There is no positive or negative sentiment associated with this type of filing.

Industry Context

This is a routine Form 4 filing related to insider trading activity. It is common for directors and officers to buy and sell shares of their company, and this transaction is not unusual.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The sale of 2,000 shares by a director is a relatively small transaction compared to the overall holdings of the Walton family and is not unusual for insider trading activity.
• Other large shareholders and directors of similar companies like Amazon, Costco, and Target also regularly file Form 4s for their transactions.

Stakeholder Impact

• The sale of 2,000 shares by a director is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Walmart, Jim C. Walton, stock sale, insider trading, Form 4, stock split, share transaction, Walton Family Holdings Trust, Walton Enterprises LLC