Form 4: Walt Disney Co Director Mary T. Barra Reports Acquisition of Common Stock

Director Mary T. Barra reports acquiring Disney common stock and holding derivative securities.

Summary

• On March 31, 2024, Mary T. Barra, a director of Walt Disney Co, acquired 826.3 shares of Disney Common Stock at a price of $116.95 per share.
• Following the transaction, Barra directly owns 19,001.7 shares of Disney Common Stock.
• Barra also indirectly owns 157 shares through a spouse's trust and 72 shares through another trust.
• The acquisition includes stock units credited under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan, including elective deferrals and a quarterly grant, as well as dividends accrued pursuant to a dividend reinvestment plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. The director's purchase is mildly positive, suggesting confidence, but it's not a major event.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly traded companies like Disney.
• Comparing Barra's transactions to those of other Disney directors or executives, or to those of directors at comparable media companies like Netflix or Comcast, could provide additional context.
• However, without further data on the frequency and size of insider trades at these companies, it's difficult to draw definitive conclusions.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.

Key Dates