Form 4: Disney Executive Sonia L. Coleman Reports Stock Transactions

Sonia L. Coleman, a Senior EVP and Chief HR Officer at Walt Disney Co, reported the vesting of restricted stock units and a related tax withholding transaction on January 17, 2025.

Summary

• Sonia L. Coleman, a Senior EVP and Chief HR Officer at Walt Disney Co, reported transactions involving Disney common stock and restricted stock units.
• On January 17, 2025, 1,166 restricted stock units vested, converting into 1,166 shares of common stock.
• Also on January 17, 2025, 477 shares were automatically withheld to cover tax obligations related to the vesting.
• Following these transactions, Ms. Coleman directly owns 689 shares of Disney common stock.
• Additionally, she indirectly owns 899.776 shares through a 401(k) plan as of January 20, 2025.
• The remaining stock units will vest in tranches on July 17, 2025, January 17, 2026, and July 17, 2026.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative events. The sentiment is neutral to slightly positive due to the vesting of stock units.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of interests with the company's performance.
• The executive's continued ownership of shares demonstrates a long-term commitment to the company.

Negatives

• The automatic withholding of 477 shares for tax obligations reduces the immediate net gain for the executive.

Risks

• The value of the stock holdings is subject to market fluctuations, which could impact the executive's overall compensation.

Future Outlook

The remaining stock units will vest in tranches on July 17, 2025, January 17, 2026, and July 17, 2026.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies. It provides transparency into the stock ownership of key personnel.

Comparison to Industry Standards

• Stock-based compensation is a standard practice across the industry, with companies like Netflix, Paramount, and Warner Bros. Discovery also using restricted stock units as part of executive compensation packages.
• The vesting schedules and tax withholding practices are generally consistent with industry norms for executive compensation.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they align executive interests with company performance.
• The vesting of stock units is a positive for the executive as part of their compensation.

Next Steps

• The remaining stock units will vest on the specified future dates.

Key Dates

Keywords

stock, restricted stock units, vesting, executive, insider trading, compensation, 401k, tax withholding, Disney