Form 4: Walmart Executive Vice President Sells 13,125 Shares Under 10b5-1 Plan

Walmart's Executive Vice President, John R. Furner, sold 13,125 shares of common stock at $59.51 per share on February 28, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• John R. Furner, an Executive Vice President at Walmart, sold 13,125 shares of Walmart common stock on February 28, 2024.
• The sale was executed at a price of $59.51 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Following the transaction, Mr. Furner directly owns 219,547.342 shares of Walmart stock.
• He also indirectly owns 1,844.1586 shares through a 401(k) plan.
• The balance of shares was adjusted to reflect a stock split effective on February 26, 2024.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies.
• The use of 10b5-1 plans is a standard practice for executives to manage their stock sales in a compliant manner.
• Comparable companies such as Target (TGT) and Costco (COST) also see similar filings from their executives.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the share price due to the pre-arranged nature of the sale.

Key Dates

Keywords

Walmart, WMT, Executive Vice President, John R. Furner, stock sale, Form 4, 10b5-1 plan, insider trading