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

Director Derica W. Rice acquired 966.6 shares of Disney common stock at $101.51 per share on June 30, 2024, increasing their holdings to 15,739.5 shares.

Summary

• On June 30, 2024, Derica W. Rice, a director of Walt Disney Co, acquired 966.6 shares of Disney common stock.
• The acquisition was made at a price of $101.51 per share.
• This transaction increased Rice's total holdings to 15,739.5 shares.
• 375.5 of the acquired stock units were credited to Rice's account under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan, pursuant to elective deferral provisions.
• An additional 591.1 stock units were credited as a quarterly grant under the Plan, as described in the Company's compensation policy for non-employee directors.

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 prospects. However, it's a routine transaction.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Directors' stock acquisitions are common and are usually viewed as a sign of confidence in the company's performance and future.

Comparison to Industry Standards

• Director stock ownership is a common practice across publicly traded companies.
• The amount of stock held by directors varies widely depending on the company size, industry, and individual circumstances.
• Stock incentive plans are a standard component of executive compensation packages, aligning the interests of management with those of shareholders.

Stakeholder Impact

• The stock acquisition could have a slightly positive impact on shareholder sentiment.

Key Dates