Disney (DIS) director Froman awarded 1,088 shares in stock grant

Rhea-AI Filing Summary

Froman Michael B. G. reported acquisition or exercise transactions in this Form 4 filing.

Walt Disney Co director Michael B. G. Froman received a stock grant of 1,087.7 Disney Common Stock shares at $96.96 per share. This award increased his direct holdings to 23,184 shares. He also has 20 shares held indirectly by a trust, plus additional stock units credited under Disney’s Amended and Restated 2011 Stock Incentive Plan in lieu of cash retainers, quarterly grants, and dividend-equivalent credits.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Froman Michael B. G.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Disney Common Stock	1,087.7	$96.96	$105K
holding	Disney Common Stock	--	--	--

Holdings After Transaction: Disney Common Stock — 23,184 shares (Direct); Disney Common Stock — 20 shares (Indirect, By Trust)

Footnotes (1)

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Key Figures

Stock grant size: 1,087.7 shares Grant reference price: $96.96 per share Direct holdings after grant: 23,184 shares +3 more

6 metrics

Stock grant size 1,087.7 shares Non-derivative Disney Common Stock award to director

Grant reference price $96.96 per share Price per share for granted Disney Common Stock

Direct holdings after grant 23,184 shares Disney Common Stock directly owned by Michael Froman post-transaction

Indirect trust holdings 20 shares Disney Common Stock held indirectly by trust

Stock units in lieu of cash retainer 383.9 units Stock units or shares credited instead of quarterly cash retainer fees

Deferred stock units quarterly grant 704.4 units Deferred stock units credited as a quarterly grant under the plan

Key Terms

Amended and Restated 2011 Stock Incentive Plan, deferred stock units, quarterly cash retainer fees, dividends paid on shares

4 terms

Amended and Restated 2011 Stock Incentive Plan financial

"shares of the Issuer's common stock issued under the Amended and Restated 2011 Stock Incentive Plan"

deferred stock units financial

"704.4 deferred stock units under the Plan credited as a quarterly grant"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

quarterly cash retainer fees financial

"credited in lieu of all or a portion of the reporting person's quarterly cash retainer fees for Board services"

dividends paid on shares financial

"additional stock units credited to the reporting person in respect of dividends paid on shares of Issuer common stock"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Froman Michael B. G.

(Last) (First) (Middle)

500 SOUTH BUENA VISTA STREET

(Street)

BURBANK CALIFORNIA 91521

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Walt Disney Co [ DIS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Disney Common Stock	03/31/2026		A		1,087.7(1)	A	$96.96	23,184	D
Disney Common Stock								20	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes: (1) 383.9 stock units and/or shares of the Issuer's common stock issued under the Amended and Restated 2011 Stock Incentive Plan (the "Plan") credited in lieu of all or a portion of the reporting person's quarterly cash retainer fees for Board services pursuant to the reporting person's election, which shares shall be issued to the reporting person at such times and subject to such terms and conditions governing the election, and (2) 704.4 deferred stock units under the Plan credited as a quarterly grant under the Plan. The total also includes additional stock units credited to the reporting person in respect of dividends paid on shares of Issuer common stock and a deduction for cash paid in lieu of fractional shares when units are converted to shares. Stock units are issued to the reporting person in the form of shares of the Issuer's common stock issued under the Plan.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Karen Young, as attorney-in-fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Disney (DIS) director Michael Froman report in this Form 4?

Michael B. G. Froman reported receiving 1,087.7 shares of Disney Common Stock as a stock grant at $96.96 per share. This non-derivative award reflects director compensation under Disney’s stock incentive plan and increased his reported direct share ownership to 23,184 shares.

How many Disney (DIS) shares does Michael Froman hold after this transaction?

After the grant, Michael B. G. Froman directly holds 23,184 Disney Common Stock shares. The filing also shows 20 shares held indirectly by a trust, plus additional stock units and deferred stock units credited under Disney’s Amended and Restated 2011 Stock Incentive Plan.

What is the nature of the Disney (DIS) stock granted to Michael Froman?

The filing describes the transaction as a grant, award, or other acquisition of 1,087.7 Disney Common Stock shares at $96.96 per share. It is categorized as a non-derivative equity award, issued under Disney’s Amended and Restated 2011 Stock Incentive Plan for Board service.

How are Disney (DIS) stock units used in Michael Froman’s director compensation?

The footnote explains that 383.9 stock units or shares are credited instead of some quarterly cash retainer fees, and 704.4 deferred stock units are credited as a quarterly grant. Additional stock units reflect dividend equivalents, with cash paid instead of fractional shares upon conversion.

What indirect Disney (DIS) holdings does Michael Froman report?

The Form 4 shows 20 Disney Common Stock shares held indirectly “By Trust.” While details of the trust are not expanded, this entry indicates a small portion of Froman’s beneficial interest is held through a trust structure, separate from his directly owned 23,184 shares.