Form 4: Disney Director Mary T. Barra Acquires Additional Common Stock as Part of Compensation Plan

Walt Disney Co. Director Mary T. Barra acquired 816.3 shares of common stock at a price of $119.43 per share, increasing her direct beneficial ownership to 23,628.3 shares as part of her compensation.

Summary

• Mary T. Barra, a Director of Walt Disney Co. (DIS), acquired 816.3 shares of Disney Common Stock.
• The acquisition occurred on June 30, 2025, at a price of $119.43 per share.
• Following this transaction, Mary T. Barra directly beneficially owns 23,628.3 shares of Disney Common Stock.
• The acquisition includes 313.9 stock units and/or shares credited in lieu of quarterly cash retainer fees for Board services, and 502.4 deferred stock units as a quarterly grant, both under the Amended and Restated 2011 Stock Incentive Plan.
• Mary T. Barra also holds indirect beneficial ownership of 157 shares through her spouse in trust and 72 shares through a separate trust.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, especially as part of compensation, is generally viewed positively as it aligns the director's interests with shareholders. It's a routine, expected event, but still a positive signal of insider ownership.

Positives

• The acquisition of shares by a director aligns their interests with those of shareholders, indicating continued confidence in the company's future.
• The transaction is part of a pre-existing stock incentive plan, reflecting a structured approach to director compensation.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This is a routine insider transaction related to director compensation, which is a common practice across publicly traded companies. It reflects standard corporate governance practices for executive and director compensation rather than broader industry trends.

Comparison to Industry Standards

• Director compensation often includes equity components like stock units or deferred stock to align interests with shareholders.
• The acquisition of shares as part of a stock incentive plan in lieu of cash fees or as a quarterly grant is a standard practice for compensating board members in large corporations like Disney, comparable to practices at other S&P 500 companies.

Related Party Transactions

• The acquisition of shares by a director from the company as part of their compensation plan constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Increased director ownership may signal confidence in the company's future performance, potentially aligning director and shareholder interests.

Key Dates

Recommendation

Keywords

Walt Disney Co, DIS, Mary T. Barra, SEC Form 4, Insider Trading, Stock Acquisition, Director Compensation, Stock Incentive Plan, Beneficial Ownership