Form 4: Walmart Director Marissa Mayer Acquires Shares Through Deferred Compensation
SEC Form 4 Filing
Walmart director Marissa Mayer acquired 369 shares of common stock through deferred compensation.
Summary
- Marissa Mayer, a director at Walmart, acquired 369 shares of common stock on June 30, 2024.
- The shares were acquired as part of her quarterly director compensation, which she elected to defer in the form of shares.
- The number of shares was determined using the closing price of Walmart's common stock on the last trading day before the grant date.
- Following this transaction, Ms. Mayer directly owns 124,291.4142 shares of Walmart stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
- The deferred compensation plan aligns the director's interests with those of the shareholders.
Industry Context
This is a routine transaction for a director of a public company, where compensation is often provided in the form of stock or stock options to align interests with shareholders.
Comparison to Industry Standards
- Director compensation in the form of stock is a common practice among large public companies like Walmart.
- Many companies, such as Target (TGT) and Costco (COST), also use stock-based compensation for their board members.
- The amount of stock granted is generally based on the company's performance and the director's role, and is often deferred to align with long-term value creation.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it demonstrates director confidence in the company.
- The transaction has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of the transaction where Marissa Mayer acquired 369 shares of Walmart stock. |
| 07/02/2024 | Date the Form 4 was signed by Geoffrey W. Edwards, by power of attorney. |
Keywords
Walmart, Director, Marissa Mayer, Share Acquisition, Deferred Compensation, Form 4, Insider Trading
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