Form 4: Disney Director Derica W. Rice Acquires Shares Through Stock Incentive Plan

Director Derica W. Rice acquired 877.1 shares of Disney stock through the company's stock incentive plan on December 31, 2024.

Summary

• Derica W. Rice, a director at Walt Disney Co, acquired 877.1 shares of Disney common stock on December 31, 2024.
• The shares were acquired at a price of $111.88 per share.
• 340.8 of these shares were credited to Rice's account under the company's Amended and Restated 2011 Stock Incentive Plan due to elective deferral provisions.
• An additional 536.3 shares were granted as a quarterly grant under the same plan, as per the company's compensation policy for non-employee directors.
• Following this transaction, Rice directly owns 17,734 shares of Disney stock.

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 aligns director interests with those of shareholders.
• The quarterly grant is part of a regular compensation policy for non-employee directors.

Industry Context

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

Comparison to Industry Standards

• Stock incentive plans are a standard practice for compensating directors in publicly traded companies like Disney.
• Many companies, such as Netflix, Comcast, and Paramount, use similar stock-based compensation plans to align director interests with shareholder value.
• The specific details of the plan, such as the deferral provisions and quarterly grants, are typical for non-employee director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates director confidence in the company.
• The stock incentive plan aligns director interests with those of shareholders.

Key Dates

Keywords

Walt Disney Co, Director, Stock Acquisition, Stock Incentive Plan, Derica W. Rice, Share Ownership, Corporate Governance