Form 4: Walmart Director Jim C. Walton Sells 3.5 Million Shares

Jim C. Walton, a director at Walmart, sold 3,540,250 shares of common stock at an average price of $64.5545 on May 17, 2024.

Summary

• Jim C. Walton, a director of Walmart, sold 3,540,250 shares of Walmart common stock on May 17, 2024.
• The shares were sold at a weighted average price of $64.5545, with individual trades ranging from $63.95 to $64.88.
• The sale was executed through the Walton Family Holdings Trust.
• Following the transaction, Mr. Walton indirectly owns 648,504,011 shares through the Trust and 3,002,673,393 shares through Walton Enterprises, LLC.
• Mr. Walton disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director, with no indication of positive or negative sentiment.

Management Comments

• The reporting person disclaims beneficial ownership of the reported securities held by the Trust except to the extent of his pecuniary interest therein.
• The reporting person disclaims beneficial ownership of the reported securities held by such LLC except to the extent of his pecuniary interest therein.

Industry Context

This is a routine filing related to insider transactions and is common for directors and officers of publicly traded companies. It does not indicate any specific trend in the retail industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The volume of shares sold is not unusual for a director of a company the size of Walmart.
• Similar filings are made by directors and officers of other large retail companies such as Target (TGT) and Costco (COST).

Stakeholder Impact

• The sale of shares by a director may have a minor impact on investor sentiment, but is unlikely to have a significant impact on the company's operations or other stakeholders.

Key Dates

Keywords

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