Form 4: Disney Executive Brent Woodford Reports Routine Stock Vesting and Tax-Related Share Disposition

Walt Disney Co. EVP Brent Woodford reported the vesting of 1,930 restricted stock units and the disposition of 470 shares for tax obligations, increasing his direct beneficial ownership to 50,843 shares.

Summary

• Brent Woodford, EVP, Control, Financial Planning & Tax at Walt Disney Co. (DIS), reported transactions on July 15, 2025.
• 1,930 restricted stock units (RSUs) previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan vested and converted into 1,930 shares of Disney Common Stock.
• Concurrently, 470 shares of Disney Common Stock were disposed of at a price of $119.555 per share to satisfy withholding tax obligations related to the RSU vesting.
• Following these transactions, Mr. Woodford directly beneficially owns 50,843 shares of Disney Common Stock.
• Additionally, 100 shares are indirectly owned by his spouse in an IRA, and 288.395 shares are indirectly held in The Walt Disney Stock Fund within a 401(k) Plan.
• Mr. Woodford also holds 9,652 unvested restricted stock units directly.

Sentiment

Score: 5

Explanation: Neutral. The filing details routine insider transactions (vesting and tax-related disposition) and does not indicate any significant positive or negative developments for the company or its stock.

Positives

• The vesting of 1,930 restricted stock units represents a conversion of previously granted equity compensation into common stock, increasing the executive's direct ownership.
• The executive continues to hold a significant number of shares, including direct, indirect, and unvested units, aligning his interests with shareholders.

Negatives

• 470 shares were disposed of to cover tax obligations, which is a reduction in the executive's direct share count, though it is a non-open-market transaction.

Future Outlook

The document indicates future vesting schedules for remaining restricted stock units, with 1,930 units vesting on January 15, 2026, January 15, 2027, and July 15, 2027, and 1,931 units vesting on July 15, 2026, and January 15, 2028.

Industry Context

This Form 4 filing reflects a routine insider transaction common across publicly traded companies, where executives receive equity compensation that vests over time, often leading to tax-related share dispositions. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding executive equity compensation and ownership, which is generally positive for corporate governance. The transactions themselves are routine and unlikely to have a material impact on share price or company operations.
• Employees: The vesting of RSUs is part of the company's compensation structure, which can be a positive for employee retention and motivation, particularly for executives.

Next Steps

• Future vesting of 1,930 restricted stock units on January 15, 2026.
• Future vesting of 1,931 restricted stock units on July 15, 2026.
• Future vesting of 1,930 restricted stock units on January 15, 2027.
• Future vesting of 1,930 restricted stock units on July 15, 2027.
• Future vesting of 1,931 restricted stock units on January 15, 2028.

Key Dates

Keywords

Walt Disney Co, DIS, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Ownership, Tax Withholding