Form 4: Disney Director Maria Elena Lagomasino Acquires Shares Through Stock Incentive Plan

Director Maria Elena Lagomasino acquired 985.1 shares of Disney common stock at $101.51 per share on June 30, 2024, increasing her direct holdings to 29,675 shares.

Summary

• On June 30, 2024, Maria Elena Lagomasino, a director of The Walt Disney Company, acquired 985.1 shares of Disney common stock.
• The acquisition was made at a price of $101.51 per share.
• This transaction increased Lagomasino's direct ownership to 29,675 shares.
• 394 of the acquired stock units were credited under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan due 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: 6

Explanation: The document reflects a routine transaction related to director compensation, which is neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The director's increased stake in the company could be seen as a positive signal to investors.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Director share acquisitions are common and often tied to compensation plans. This transaction reflects standard practices for compensating and incentivizing board members.

Comparison to Industry Standards

• Director compensation packages often include stock options and grants, aligning their interests with shareholders.
• Companies like Apple, Microsoft, and Amazon also utilize stock-based compensation for their directors.
• The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan is similar to those offered by other large corporations.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates