Form 4: Disney Director Jeremy Darroch Acquires Shares Through Stock Incentive Plan

Director Jeremy Darroch acquired 976.4 shares of Disney common stock on September 30, 2024, through the company's stock incentive plan.

Summary

• On September 30, 2024, Jeremy Darroch, a director of Walt Disney Co, acquired 976.4 shares of Disney common stock.
• The acquisition was made at a price of $94.13 per share.
• The shares were acquired through The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan.
• 334 of the stock units were credited to Darroch's account under the elective deferral provisions of the plan.
• An additional 642.4 stock units were credited as a quarterly grant under the plan, as described in the company's compensation policy for non-employee directors.
• The total also reflects an adjustment crediting the amount to include dividends accrued pursuant to a dividend reinvestment plan of the company.
• Following the transaction, Darroch directly owns 3,743 shares of Disney common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating a director's continued investment in the company, which is generally viewed favorably.

Positives

• A director's participation in the stock incentive plan demonstrates confidence in the company's future performance.
• The dividend reinvestment plan further increases the director's stake in the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock options or grants as part of their compensation, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.

Key Dates