Form 4: Walt Disney Co. Executive Brent Woodford Reports Stock Transactions

EVP Brent Woodford reports acquisition and disposition of Disney common stock related to vesting of restricted stock units and tax obligations.

Summary

• On June 22, 2024, Brent Woodford, EVP at Walt Disney Co., reported transactions involving Disney common stock.
• These transactions included the vesting of 757 shares of restricted stock units and a disposition of 167 shares to cover withholding tax obligations at a price of $102.0625 per share.
• Following these transactions, Woodford directly owns 43,164 shares of Disney common stock.
• Woodford also indirectly owns 100 shares through a spouse's IRA and 285.63 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Walt Disney Co.
• Comparable companies such as Netflix, Comcast, and Paramount Global also have executives who regularly file Form 4s to report changes in their beneficial ownership of company stock.
• The reported transactions are typical for executives receiving stock-based compensation and managing their tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
• The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates