Form 4: Disney Executive's Stock Vesting & Tax Sale

Walt Disney Co. EVP Brent Woodford reported the vesting of restricted stock units and a subsequent disposition of shares for tax obligations.

Summary

• Brent Woodford, EVP, Control, Fin Plan & Tax at Walt Disney Co., reported transactions on September 23, 2025.
• 1,085 restricted stock units (RSUs) vested and converted into Disney Common Stock.
• 294 shares were disposed of at $112.61 per share to cover tax withholding obligations, which was not an open-market sale.
• Following these transactions, Woodford directly owns 52,528 shares of Disney Common Stock.
• Indirect holdings include 100 shares held by a spouse in an IRA and 289.575 shares in a 401(k) plan.
• An additional 1,086 restricted stock units are scheduled to vest on September 23, 2026.

Sentiment

Score: 5

Explanation: The filing details a routine executive compensation event, specifically the vesting of restricted stock units and a subsequent disposition of shares to cover tax obligations. These are standard occurrences and do not inherently indicate a positive or negative shift in company performance or outlook.

Positives

• Vesting of 1,085 restricted stock units, indicating a component of executive compensation.
• Future vesting of 1,086 restricted stock units on September 23, 2026, signaling continued long-term incentive alignment.

Negatives

• Disposition of 294 shares at $112.61 to satisfy tax withholding obligations, resulting in a reduction of direct beneficial ownership.

Future Outlook

An additional 1,086 restricted stock units are scheduled to vest on September 23, 2026, indicating continued long-term incentive alignment for the executive.

Stakeholder Impact

• Shareholders: The transactions represent a routine compensation event with minimal impact on overall share structure or value.
• Executive: The vesting and subsequent tax-related disposition are part of the executive's compensation package, affecting their direct and indirect beneficial ownership.

Next Steps

• Vesting of 1,086 restricted stock units on September 23, 2026.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of restricted stock units and a subsequent disposition of shares for tax withholding. Such transactions are standard and generally do not indicate a change in the company's fundamental outlook or warrant a shift in investment recommendation.

Keywords

Disney, DIS, Form 4, insider transaction, stock vesting, restricted stock units, executive compensation, Brent Woodford