Form 4: Disney Director James Gorman Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Disney Director James P. Gorman has reported transactions involving Disney Common Stock, including the acquisition of stock units and deferred stock units under the company's incentive plan.
Summary
- James P. Gorman, a Director at The Walt Disney Company, reported transactions on March 31, 2026.
- These transactions involved the acquisition of 1,477.1 shares of Disney Common Stock, valued at $96.96 per share.
- The acquired shares include 543.1 stock units/shares issued under the Amended and Restated 2011 Stock Incentive Plan, credited in lieu of cash retainer fees for Board services.
- Additionally, 934.0 deferred stock units were granted under the same plan.
- The total holdings after these transactions include 9,211.6 shares held directly and 38,000 shares held indirectly through a Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports routine compensation-related stock transactions by a director and does not contain new strategic information or significant financial performance indicators.
Positives
- Director compensation is being issued in the form of stock, aligning management interests with shareholders.
- The acquisition of stock units and deferred stock units indicates continued investment and commitment from a key board member.
- The total beneficial ownership of 9,211.6 direct shares and 38,000 indirect shares demonstrates a significant stake in the company.
Future Outlook
The filing does not contain specific forward-looking statements or guidance. It primarily reports past transactions.
Industry Context
StockSavvy.ai notes that the issuance of stock units and deferred stock units as compensation is a common practice in the media and entertainment industry, particularly for executive and director compensation, aimed at aligning long-term incentives with company performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | James P. Gorman has executed a Power of Attorney, appointing specific individuals as his attorneys-in-fact to prepare and execute SEC filings (Forms 3, 4, and 5) on his behalf, manage his EDGAR account, and obtain information regarding transactions in the Company's securities. | 06/24/2025 | Facilitates efficient and timely compliance with SEC reporting requirements for insider transactions. |
Stakeholder Impact
- Shareholders: The transactions reflect a director's compensation and continued ownership, which can be viewed positively as alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Earliest transaction date reported in the filing. |
| 06/24/2025 | Date of execution for the Power of Attorney document. |
| 04/02/2026 | Date of signature for the Form 4 filing. |
Keywords
Disney, DIS, Form 4, SEC Filing, Insider Trading, Stock Incentive Plan, Director Compensation, Beneficial Ownership, Deferred Stock Units, Grantor Retained Annuity Trust
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