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

Walt Disney Co. Executive Vice President Brent Woodford reported the vesting of 1,147 restricted stock units and a subsequent disposition of 253 shares for tax obligations on July 17, 2025.

Summary

• Brent Woodford, EVP, Control, Fin Plan & Tax at Walt Disney Co., reported transactions on July 17, 2025.
• 1,147 shares of Disney Common Stock were acquired due to the vesting of restricted stock units under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan, including dividend equivalents.
• 253 shares were disposed of at a price of $121.07 to cover tax withholding obligations, which was an automatic reduction and not an open-market sale.
• Following these transactions, direct beneficial ownership stands at 51,737 shares.
• Indirect beneficial ownership includes 100 shares held by a spouse in an IRA and 288.395 shares held in The Walt Disney Stock Fund within a 401(k) Plan.
• Remaining restricted stock units are scheduled to vest: 1,147 units on January 17, 2026, and 1,148 units on July 17, 2026.

Sentiment

Score: 7

Explanation: The filing indicates routine executive compensation activities, specifically the vesting of restricted stock units and a tax-related share disposition. The executive retains a substantial direct and indirect stake, suggesting continued alignment with shareholder interests. The disposition for tax purposes is a standard, non-discretionary event, which is generally viewed neutrally to positively as it's not a sale for personal gain.

Positives

• Vesting of 1,147 restricted stock units indicates continued equity compensation for a key executive, aligning their interests with shareholders.
• The disposition of 253 shares was solely for tax withholding obligations, not a discretionary open-market sale, suggesting continued confidence in the company.
• The executive maintains a significant direct beneficial ownership of 51,737 shares, in addition to indirect holdings.

Negatives

• A reduction of 253 shares from direct ownership occurred, although it was for tax purposes and not a discretionary sale.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The vesting and retention of shares by a key executive can signal management's continued alignment with shareholder interests. The tax-related disposition is a routine event with minimal direct impact.
• Employees: The filing highlights the company's stock incentive plan, which is part of employee compensation strategies.

Next Steps

• Vesting of 1,147 restricted stock units on January 17, 2026.
• Vesting of 1,148 restricted stock units on July 17, 2026.

Key Dates

Recommendation

Keywords

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