Form 4: Disney Executive Brent Woodford Acquires Stock Options and Restricted Stock Units

Executive Vice President Brent Woodford of Walt Disney Co. has been granted stock options and restricted stock units as part of the company's 2011 Stock Incentive Plan.

Summary

• Brent Woodford, an Executive Vice President at Walt Disney Co., has acquired 14,193 stock options and 11,582 restricted stock units.
• The stock options have an exercise price of $108.795 and expire on January 15, 2035.
• The stock options vest in installments between July 15, 2025 and January 15, 2028.
• The restricted stock units convert to common stock on a 1-for-1 basis.
• The restricted stock units vest in installments between July 15, 2025 and January 15, 2028.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns executive interests with shareholder value. There are no negative implications.

Positives

• The granting of stock options and restricted stock units aligns executive interests with shareholder value.
• The vesting schedule encourages long-term commitment from the executive.

Risks

• The value of the stock options and restricted stock units is dependent on the future performance of Disney's stock price.
• There is a risk that the stock price may not reach the exercise price of the options.

Future Outlook

The vesting schedule of the stock options and restricted stock units suggests a long-term incentive for the executive.

Industry Context

The granting of stock options and restricted stock units is a common practice in corporate compensation to align executive interests with shareholder value and encourage long-term performance.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are standard practice for executive compensation across the media and entertainment industry.
• Companies like Netflix, Comcast, and Paramount also use similar equity-based compensation plans to incentivize their executives.
• The vesting schedules are typical for these types of grants, designed to retain talent and align with long-term company performance.

Stakeholder Impact

• The granting of stock options and restricted stock units may positively impact shareholder value if the executive's performance leads to increased company profitability and stock price appreciation.
• The vesting schedule encourages long-term commitment from the executive, which can benefit the company and its stakeholders.

Key Dates

Keywords

stock options, restricted stock units, executive compensation, Walt Disney Co, equity, incentive plan, vesting