Form 4: Disney Exec Schake's RSU Vesting & Tax Withholding

Kristina K. Schake, Disney's Sr. EVP and Chief Communications Officer, reported the vesting of restricted stock units and subsequent tax-related share dispositions.

Summary

• Kristina K. Schake, Sr. EVP and Chief Communications Officer of Walt Disney Co, reported transactions on September 28, 2025.
• She acquired 249 shares of Disney Common Stock through the vesting of restricted stock units.
• She disposed of 90 shares at $113.165 per share to cover withholding tax obligations related to the first RSU vesting.
• She subsequently acquired another 45 shares of Disney Common Stock from the vesting of a fully vested restricted stock unit award.
• She disposed of 17 shares at $113.165 per share to cover withholding tax obligations for the second RSU vesting.
• Following these transactions, her direct beneficial ownership of Disney Common Stock is 16,096 shares.

Sentiment

Score: 6

Explanation: The filing reflects a routine, positive event for the executive (vesting of equity compensation) with no negative implications for the company beyond standard tax-related share dispositions.

Positives

• Kristina K. Schake received 294 shares of Disney Common Stock from the vesting of restricted stock units, increasing her direct ownership in the company.
• The vesting demonstrates the company's compensation plan is delivering equity to executives, aligning their interests with shareholders.

Negatives

• A total of 107 shares were automatically disposed of to satisfy tax withholding obligations, reducing the net shares received by the executive.

Future Outlook

NA

Industry Context

This filing details a routine insider transaction for an executive at a major entertainment and media conglomerate. Such transactions are common for executives receiving equity compensation and do not typically reflect broader industry trends.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, pre-scheduled executive compensation event and not a discretionary sale.
• Executive (Kristina K. Schake): Positive impact due to the vesting of equity compensation, increasing personal stake in the company.

Key Dates

Keywords

Disney, DIS, Kristina Schake, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Ownership