Form 4: Disney EVP Woodford Reports Routine Stock Transactions

Walt Disney Co. EVP Brent Woodford reported the acquisition and disposition of common stock related to restricted stock unit vesting and tax withholding.

Summary

• Brent Woodford, EVP, Control, Financial Planning & Tax at Walt Disney Co. (DIS), reported transactions on December 18, 2025.
• Acquired 41 shares of Disney Common Stock through the conversion of restricted stock units (RSUs).
• Disposed of 41 shares of Disney Common Stock at a price of $111.61 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Mr. Woodford directly beneficially owns 54,595 shares of Disney Common Stock.
• Indirect beneficial ownership includes 100 shares held by a spouse in an IRA and 289.575 shares held in a 401(k) plan.
• A remaining 1,045 restricted stock units are scheduled to vest on September 23, 2026, including accrued dividend equivalents.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to equity compensation and tax withholding, which are neutral events in terms of company performance or outlook.

Positives

• The vesting of restricted stock units indicates continued equity-based compensation for a key executive, aligning management interests with shareholder value.
• The executive maintains a significant direct beneficial ownership of 54,595 shares, demonstrating ongoing commitment to the company.

Negatives

• The disposition of 41 shares was solely for tax withholding purposes, which is a standard and expected part of equity compensation and not indicative of a negative outlook or sale by the executive.

Future Outlook

The executive has 1,045 restricted stock units remaining, which are scheduled to vest on September 23, 2026, indicating future equity compensation and potential share acquisition.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions and does not provide broader industry context or trends. It reflects standard executive compensation practices within large publicly traded companies.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine executive compensation transactions. The executive's continued equity ownership aligns interests.
• Employees: Reflects standard equity compensation practices for executives.

Next Steps

• The remaining 1,045 restricted stock units are expected to vest on September 23, 2026.

Key Dates

Keywords

Walt Disney Co, DIS, Form 4, Insider Transaction, Restricted Stock Units, Equity Compensation, Executive Compensation, Stock Vesting, Tax Withholding