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

Walmart Executive Vice President Daniel J. Bartlett sold 1,970 shares of common stock at $84.3088 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Daniel J. Bartlett, an Executive Vice President at Walmart, sold 1,970 shares of Walmart common stock on November 15, 2024.
• The sale was executed at a price of $84.3088 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Following the transaction, Mr. Bartlett directly owns 455,522.869 shares of Walmart stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider stock sale under a pre-arranged plan, which is neither positive nor negative.

Industry Context

This is a routine filing for insider transactions and is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies like Walmart, including peers such as Target (TGT) and Costco (COST).
• These plans allow executives to sell shares without being accused of insider trading, as the trades are pre-scheduled.
• The volume of shares sold is relatively small compared to the total shares outstanding for Walmart, which is typical for these types of transactions.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the small volume of shares sold and the pre-planned nature of the transaction.

Key Dates

Keywords

Walmart, insider trading, Form 4, stock sale, 10b5-1 plan, executive, Daniel J. Bartlett