Form 4: Calvin McDonald Acquires Additional Disney Shares Through Stock Incentive Plan

Director Calvin McDonald increased his holdings in Walt Disney Co. through stock units acquired under the company's Amended and Restated 2011 Stock Incentive Plan.

Summary

• On September 30, 2024, Calvin McDonald, a director of Walt Disney Co., acquired 1,004.4 shares of Disney common stock.
• The acquisition was made through the company's Amended and Restated 2011 Stock Incentive Plan.
• 334 of the stock units were credited to McDonald's account under the elective deferral provisions of the Plan.
• An additional 670.4 stock units were credited as a quarterly grant under the Plan, as described in the Company's compensation policy for non-employee directors.
• The total also reflects an adjustment crediting the amount to include dividends accrued pursuant to a dividend reinvestment plan of the Company.
• The price per share was $94.13.
• Following the transaction, McDonald directly owns 23,317.3 shares of Disney common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally viewed favorably, suggesting confidence in the company's future. However, this is a routine transaction under a pre-existing plan, so the impact is limited.

Positives

• The director's increased stake in the company may signal confidence in Disney's future performance.

Industry Context

Insider transactions are closely watched as indicators of management's and directors' perspectives on the company's prospects. Acquisitions can be seen as a positive signal.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates