Form 4: Walmart Executive Vice President Daniel J. Bartlett Reports Acquisition of Common Stock

Executive Vice President of Walmart, Daniel J. Bartlett, reports the acquisition of 102,697 shares of common stock due to restricted stock units earned upon achievement of performance goals.

Summary

• On March 6, 2025, Daniel J. Bartlett, an Executive Vice President at Walmart Inc., acquired 102,697 shares of Walmart common stock.
• This acquisition was due to restricted stock units earned upon achievement of performance goals for the one-year period ended January 31, 2025.
• The Compensation and Management Development Committee certified the achievement on March 6, 2025.
• These restricted stock units are scheduled to vest on January 31, 2027, contingent upon Bartlett's continued employment with Walmart.
• Following the transaction, Bartlett directly owns 526,293.662 shares of Walmart common stock.

Sentiment

Score: 7

Explanation: The document reflects a positive event for the executive, indicating achievement of performance goals and continued alignment with the company's success. It's a routine filing, but the underlying event is positive.

Positives

• The acquisition of shares reflects positively on Bartlett's performance and contribution to Walmart.
• The vesting schedule incentivizes continued employment and commitment to the company.

Future Outlook

The restricted stock units are scheduled to vest on January 31, 2027, contingent upon the Reporting Person's continued employment with the Issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Walmart. It reflects standard practices for incentivizing and retaining key personnel.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are a common practice among large publicly traded companies like Walmart.
• Companies such as Amazon, Target, and Costco also utilize similar equity-based compensation plans to align executive interests with shareholder value.
• The vesting schedules and performance metrics associated with these grants are typically benchmarked against industry peers to ensure competitiveness and effectiveness.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that executives are incentivized to perform well.
• Employees may see this as a reflection of the company's commitment to rewarding performance.

Key Dates