Form 4: Disney Executive Sonia Coleman Reports RSU Vesting and Stock Holdings

Sonia L. Coleman, Senior Executive Vice President and Chief Human Resources Officer at The Walt Disney Company, reported the vesting of restricted stock units and related stock transactions.

Summary

• Sonia L. Coleman, Sr. EVP and Chief HR Officer, acquired 1,167 shares of Disney Common Stock on July 17, 2025, through the vesting of restricted stock units.
• Concurrently, 419 shares were automatically withheld at a price of $121.07 per share to cover tax obligations related to the RSU vesting.
• Following these transactions, Coleman directly owns 1,971 shares of Disney Common Stock.
• Additionally, 986.808 shares are held indirectly in The Walt Disney Stock Fund within a 401(k) Plan.
• A total of 2,335 restricted stock units remain outstanding, with future vesting scheduled for 1,167 units on January 17, 2026, and 1,168 units on July 17, 2026.

Sentiment

Score: 7

Explanation: The filing indicates a positive event for the executive (vesting of equity compensation) and is a routine disclosure, reflecting normal operations of the company's incentive plan. The tax withholding is a standard part of such transactions.

Positives

• Vesting of 1,167 restricted stock units indicates a successful milestone for the executive under the company's incentive plan.
• The acquisition of common stock increases the executive's direct ownership in the company.
• The inclusion of dividend equivalents accrued on the award enhances the value of the vested units.

Negatives

• 419 shares were disposed of to cover tax withholding obligations, reducing the net shares received from the vesting event.

Future Outlook

Sonia L. Coleman has 2,335 restricted stock units remaining, with future vesting scheduled for 1,167 units on January 17, 2026, and 1,168 units on July 17, 2026, under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan.

Industry Context

This Form 4 filing details a routine executive compensation event, specifically the vesting of restricted stock units, which is a common practice across publicly traded companies to align executive incentives with shareholder interests. It does not provide broader industry trends or competitive insights.

Comparison to Industry Standards

• The vesting of restricted stock units and the automatic withholding of shares for tax purposes are standard practices in executive compensation across major corporations.
• While specific comparable companies or projects are not detailed in this filing, the mechanism aligns with typical equity incentive plans seen in large-cap entertainment and media companies like Netflix, Warner Bros. Discovery, or Comcast, which also utilize RSUs as a key component of executive remuneration.

Stakeholder Impact

• Shareholders: The filing provides transparency into executive compensation and stock ownership, which is generally positive for corporate governance.
• Employees: The vesting of RSUs for a senior executive may signal the company's commitment to its equity incentive plans, potentially impacting employee morale and retention strategies.

Next Steps

• Future vesting of 1,167 restricted stock units on January 17, 2026.
• Future vesting of 1,168 restricted stock units on July 17, 2026.

Key Dates

Keywords

Walt Disney Co, DIS, SEC Form 4, Restricted Stock Units, RSU Vesting, Insider Trading, Executive Compensation, Stock Ownership, Sonia L. Coleman, Human Resources Officer