Form 4: Disney Executive Brent Woodford Reports Stock Transactions

EVP Brent Woodford reports acquisition and disposition of Disney common stock related to vesting of restricted stock units and tax obligations.

Summary

• Brent Woodford, an EVP at Walt Disney Co, reported transactions involving Disney common stock.
• On June 14, 2024, Woodford acquired 1,316 shares through the vesting of restricted stock units and disposed of 290 shares to cover withholding tax obligations at a price of $99.815 per share.
• On June 15, 2024, Woodford acquired 3,324 shares through the vesting of restricted stock units and disposed of 785 shares to cover withholding tax obligations at a price of $99.815 per share.
• Following these transactions, Woodford directly owns 42,574 shares of Disney common stock.
• Woodford also indirectly owns 100 shares through a spousal IRA and 285.63 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment as it reports routine stock transactions. The vesting of shares is generally a positive sign, but the tax-related dispositions are a normal part of executive compensation.

Positives

• The acquisition of shares through vesting indicates confidence in the company's future performance.

Future Outlook

The remaining stock units will vest on various dates in the future, as detailed in the explanation of responses.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive stock ownership and trading activity is a common practice across publicly traded companies.
• Companies like Netflix, Comcast, and Paramount Global also have executives who regularly report stock transactions via Form 4 filings.
• The vesting schedules and tax-related dispositions are typical components of executive compensation packages in the media and entertainment industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.

Next Steps

• Monitor future Form 4 filings to track changes in the executive's holdings.
• Track the vesting dates of the remaining restricted stock units.

Key Dates