Form 4: Disney Director Jeremy Darroch Acquires Additional Shares
SEC Form 4 Filing
Director Jeremy Darroch increased his holdings in Walt Disney Co. through the acquisition of 711.7 shares on March 31, 2024.
Summary
- On March 31, 2024, Jeremy Darroch, a director of Walt Disney Co., acquired 711.7 shares of Disney Common Stock.
- The acquisition was made at a price of $116.95 per share.
- Following the transaction, Darroch's total beneficial ownership of Disney Common Stock increased to 1,867.7 shares.
- The acquisition includes 243.7 stock units credited under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan and 468 stock units credited as a quarterly grant under the Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a routine transaction. A director buying shares is generally viewed as a slightly positive sign, but it's not a major event.
Positives
- A director's increased investment in the company may signal confidence in Disney's future performance.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into a company's prospects, although they are not always indicative of future performance.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Jeremy Darroch acquired Disney Common Stock. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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