Form 4: Disney Director Calvin McDonald Acquires Shares Under Stock Incentive Plan

Director Calvin McDonald acquired 797.3 shares of Disney common stock at $116.95 per share on March 31, 2024, bringing his total holdings to 9,658 shares.

Summary

• On March 31, 2024, Calvin McDonald, a director of Walt Disney Co [DIS], acquired 797.3 shares of Disney common stock.
• The acquisition was made at a price of $116.95 per share.
• The transaction increased McDonald's direct ownership to 9,658 shares.
• The acquisition includes 270.2 stock units credited under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan, pursuant to elective deferral provisions.
• An additional 527.1 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction under a stock incentive plan, suggesting a standard course of business rather than a significant shift in outlook.

Positives

• Director's acquisition of shares may signal confidence in the company's future performance.

Industry Context

Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction reflects the director's participation in the company's stock incentive plan.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates