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

Sonia L. Coleman, a senior executive at Walt Disney Co, reported the vesting and subsequent tax withholding of restricted stock units.

Summary

• On July 17, 2024, Sonia L. Coleman, Sr. EVP and Chief HR Officer of Walt Disney Co, reported transactions involving Disney common stock.
• 1,155 restricted stock units vested, converting into common stock.
• 586 shares were disposed of to cover withholding tax obligations at a price of $97.57 per share.
• Following these transactions, Coleman directly owns 2,798 shares of Disney common stock.
• Coleman also indirectly owns 865.531 shares through a 401(k) plan.
• The remaining stock units vest as to 1,155 stock units on each January 17 of 2025 and 2026; as to 1,154 stock units on July 17, 2025; and as to 1,155 stock units on July 17, 2026.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and does not convey any particularly positive or negative sentiment. It simply reports transactions.

Future Outlook

The remaining stock units vest as to 1,155 stock units on each January 17 of 2025 and 2026; as to 1,154 stock units on July 17, 2025; and as to 1,155 stock units on July 17, 2026.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice among publicly traded companies to ensure transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• The vesting schedule and tax withholding practices are standard across many publicly traded companies, including peers like Netflix (NFLX), Comcast (CMCSA), and Paramount Global (PARA).

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.

Key Dates