Form 4: Disney Director James P. Gorman Acquires Additional Shares

Director James P. Gorman increased his holdings in Walt Disney Co. through the acquisition of stock units under the company's stock incentive plan.

Summary

• On June 30, 2024, James P. Gorman, a director of Walt Disney Co., acquired 874.3 shares of Disney common stock.
• The acquisition was made at a price of $101.51 per share.
• The shares were acquired through the Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan.
• 283.2 of the shares were credited to Gorman's account under the elective deferral provisions of the plan.
• 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.
• Following the transaction, Gorman's total beneficial ownership of Disney common stock is 21,341.3 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director increasing their holdings is generally a good sign, but it's part of a pre-existing plan, so it's not a major surprise.

Positives

• A director increasing their stake in the company can be seen as a positive signal.

Industry Context

Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's prospects. Director Gorman's acquisition could be interpreted as a sign of confidence in Disney's future performance.

Stakeholder Impact

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

Key Dates