Form 4: Disney Executive Brent Woodford Reports Stock Transactions
SEC Form 4 Filing
EVP Brent Woodford reports the vesting of restricted stock units and associated tax obligations, impacting his beneficial ownership of Disney shares.
Summary
- Brent Woodford, an Executive Vice President at Walt Disney Co, filed a Form 4 detailing changes in his beneficial ownership of Disney common stock.
- On March 8, 2024, 662 shares vested under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan.
- Woodford disposed of 146 shares to cover withholding tax obligations at a price of $110.325 per share.
- Following these transactions, Woodford directly owns 39,009 shares of Disney common stock.
- He also indirectly owns 100 shares through his spouse's IRA and 285.63 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices and tax management strategies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minimal impact on the company's overall financial position.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of vesting of restricted stock units and tax obligation fulfillment. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.