Disney (NYSE: DIS) director receives 154.4-share stock grant under incentive plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

WILLIAMS JEFFREY E reported acquisition or exercise transactions in this Form 4 filing.

Walt Disney Co director Jeffrey E. Williams received a stock award of 154.4 shares of Disney common stock as board compensation. The grant, valued at $96.96 per share, represents his entire reported direct holding of 154.4 shares after the transaction.

The award consists of 50.1 stock units or shares issued in lieu of cash board retainer fees and 104.3 deferred stock units credited as a quarterly grant under Disney’s Amended and Restated 2011 Stock Incentive Plan. These stock units are delivered in Disney common shares according to the plan’s terms.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WILLIAMS JEFFREY E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Disney Common Stock	154.4	$96.96	$15K

Holdings After Transaction: Disney Common Stock — 154.4 shares (Direct)

Footnotes (1)

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Key Figures

Stock award size: 154.4 shares Reported share value: $96.96 per share Holdings after transaction: 154.4 shares +2 more

5 metrics

Stock award size 154.4 shares Grant of Disney common stock to director

Reported share value $96.96 per share Value used for the 154.4-share award

Holdings after transaction 154.4 shares Director’s total direct Disney holding post-grant

Units in lieu of cash fees 50.1 units/shares Stock units issued instead of cash retainer

Deferred stock units 104.3 units Deferred stock units credited as quarterly grant

Key Terms

Amended and Restated 2011 Stock Incentive Plan, deferred stock units, stock units, quarterly cash retainer fees

4 terms

Amended and Restated 2011 Stock Incentive Plan financial

"issued under the Amended and Restated 2011 Stock Incentive Plan (the "Plan")"

deferred stock units financial

"and (2) 104.3 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.

stock units financial

"50.1 stock units and/or shares of the Issuer's common stock issued under the"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

quarterly cash retainer fees financial

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

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 06:01 PM

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^*

WILLIAMS JEFFREY E

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Disney Common Stock	03/31/2026		A		154.4⁽¹⁾	A	$96.96	154.4	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes: (1) 50.1 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) 104.3 deferred stock units under the Plan credited as a quarterly grant under the Plan. Stock units are issued to the reporting person in the form of shares of the Issuer's common stock issued under the Plan.

Remarks:

	/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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Disney (DIS) director Jeffrey E. Williams report in this Form 4?

Jeffrey E. Williams reported receiving a grant of 154.4 shares of Disney common stock as board compensation. The award was issued under Disney’s 2011 Stock Incentive Plan and reflects his entire reported direct holding after the transaction.

Was Jeffrey E. Williams buying or selling Disney (DIS) stock in the market?

He was not trading in the open market; he received a compensation-related stock award. The Form 4 shows an acquisition coded as a grant or award under Disney’s stock incentive plan, rather than a discretionary purchase or sale.

How large is Jeffrey E. Williams’ Disney (DIS) position after this grant?

After the grant, Williams directly holds 154.4 shares of Disney common stock. This share count matches the full size of the reported award, indicating it represents his entire directly reported position in this filing.

What price is associated with Jeffrey E. Williams’ Disney (DIS) stock award?

The grant is reported at a price of $96.96 per Disney share. While this reflects the value used in the Form 4, the transaction is a stock award under a compensation plan, not an open-market purchase at that price.

How is Jeffrey E. Williams’ Disney (DIS) stock award structured in the filing?

The award includes 50.1 stock units or shares issued instead of cash board retainer fees and 104.3 deferred stock units. Both components are granted under Disney’s Amended and Restated 2011 Stock Incentive Plan and settle in Disney common stock.