Form 4: Disney Director Amy Chang Acquires Shares Through Stock Incentive Plan

Director Amy Chang acquired 815.6 shares of Disney stock through a stock incentive plan and a quarterly grant.

Summary

• Amy Chang, a director at Walt Disney Co, acquired 815.6 shares of Disney common stock on December 31, 2024.
• The shares were acquired at a price of $111.88 per share.
• 279.3 of these shares were credited to her account under the company's 2011 Stock Incentive Plan due to elective deferral provisions.
• An additional 536.3 shares were granted as part of a quarterly grant under the same plan.
• Following the transaction, Ms. Chang directly owns 10,383.1 shares and indirectly owns 120 shares through a trust.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The stock incentive plan and quarterly grants align director interests with shareholder value.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a standard practice for directors at large public companies like Disney.
• The use of stock incentive plans and quarterly grants is consistent with industry norms for aligning director interests with shareholder value.
• Comparable companies such as Netflix, Comcast, and Paramount also utilize similar compensation structures for their board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates

Keywords

Walt Disney Co, Director, Stock Incentive Plan, Share Acquisition, Form 4, Amy Chang, Equity Securities, Beneficial Ownership