Form 4: Walmart Executive Suresh Kumar Reports Stock Transactions
SEC Form 4 Filing
Chief Technology Officer Suresh Kumar reports acquisition of restricted stock and disposition of shares to cover tax obligations.
Summary
- Suresh Kumar, Chief Technology Officer of Walmart Inc., reported transactions involving Walmart common stock on January 14, 2025.
- Kumar acquired 34,570 shares of restricted stock at $0, which will vest in installments over three years.
- He also disposed of 16,205.581 shares at $91.53 to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following these transactions, Kumar beneficially owns 1,404,031.416 shares of Walmart common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages and tax planning.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/14/2025 | Date of stock acquisition and disposition |
| 01/13/2026 | First vesting date of restricted stock |
| 01/12/2027 | Second vesting date of restricted stock |
| 01/11/2028 | Third vesting date of restricted stock |
| 01/15/2025 | Date of signature for the report |
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