Form 4: Walmart Executive Vice President Judith McKenna Reports Stock Transaction

Executive Vice President of Walmart, Judith McKenna, reported the disposal of 28,534.188 shares of common stock to cover tax obligations.

Summary

• Judith McKenna, an Executive Vice President at Walmart, filed a Form 4 disclosing a transaction involving Walmart's common stock.
• On January 31, 2024, Ms. McKenna disposed of 28,534.188 shares of common stock at a price of $165.59 per share.
• This disposal was to cover tax withholding obligations related to the vesting of performance-based restricted stock units and restricted stock awards.
• Following the transaction, Ms. McKenna directly owns 289,101.183 shares of Walmart common stock.
• She also indirectly owns 72,290 shares through her spouse's trust.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to stock transactions by an executive. It is neutral in nature and expected.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies like Walmart. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, such as Walmart, and are required by the SEC to ensure transparency in insider trading.
• Similar filings are made by executives at other large retailers like Target (TGT) and Costco (COST) when they engage in stock transactions.
• The volume of shares disposed of is typical for tax-related transactions following vesting of stock awards.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive for tax purposes.
• The transaction does not impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Walmart, stock transaction, Form 4, insider trading, executive compensation, Judith McKenna, stock disposal, tax withholding