Form 4: Walmart Director Randall L. Stephenson Acquires Stock Units Through Deferred Compensation

Walmart director Randall L. Stephenson acquired 372 stock units as part of deferred compensation, increasing his total holdings to 69,658.805.

Summary

• Director Randall L. Stephenson acquired 372 stock units of Walmart on September 30, 2024.
• These stock units were acquired as part of his quarterly director compensation, which he elected to defer.
• The number of stock units was determined using the closing price of Walmart's common stock on the grant date.
• The director's total holdings after the transaction are 69,658.805 stock units.
• The balance was adjusted to reflect phantom stock units acquired as dividend equivalents on deferred 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 are no negative implications.

Positives

• The acquisition of stock units by a director demonstrates confidence in the company's future.
• The director's decision to defer compensation into stock units aligns his interests with those of shareholders.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies. It reflects a standard method of aligning director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Deferred compensation in the form of stock units is a common practice among large publicly traded companies like Walmart.
• Many companies, such as Target (TGT) and Costco (COST), also use similar methods to compensate their directors, aligning their interests with shareholders.
• The number of stock units granted is typical for director compensation packages, and the reporting is in line with SEC regulations.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Walmart, Director, Stock Units, Deferred Compensation, Form 4, Insider Trading, Equity