Form 4 for DIS Walt Disney Company (The)
Accepted 2025-12-17 00:00:00 ET · period of report 2025-12-15 · accession 0001628280-25-057661 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-12-17 | 2025-12-15 | DIS | Gutierrez Horacio E | SEVP, CL, GAO | F - Tax | $110.05 | -21.4K | 46.0K | -32% | -$2.35M |
| DM | 2025-12-17 | 2025-12-15 | DIS | Gutierrez Horacio E | SEVP, CL, GAO | M - OptEx | — | +42.1K | 59.9K | +236% | — |
| DM | 2025-12-17 | 2025-12-15 | DIS | Gutierrez Horacio E | SEVP, CL, GAO | A - Grant | $0.00 | +112.8K | 28.1K | New | $0 |
| DM | 2025-12-17 | 2025-12-15 | DIS | Gutierrez Horacio E | SEVP, CL, GAO | M - OptEx | $0.00 | -42.1K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Disney Common Stock | 2025-12-15 | F | D | 4,316 | $110.05 | 53,234 | D | — | — | (F7) The 4,316 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. |
| 2 | Common | Disney Common Stock | 2025-12-15 | M | A | 8,499 | — | 57,550 | D | — | — | (F6) Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The remaining 8,499 stock units vest on December 15, 2026. Includes dividend equivalents accrued on the award. (F2) Restricted stock units convert into common stock at 1-for-1. |
| 3 | Common | Disney Common Stock | 2025-12-15 | F | D | 3,130 | $110.05 | 49,051 | D | — | — | (F5) The 3,130 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. |
| 4 | Common | Disney Common Stock | 2025-12-15 | M | A | 6,162 | — | 52,181 | D | — | — | (F4) Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award is fully vested. Includes dividend equivalents accrued on the award. (F2) Restricted stock units convert into common stock at 1-for-1. |
| 5 | Common | Disney Common Stock | 2025-12-15 | F | D | 13,922 | $110.05 | 46,019 | D | — | — | (F3) The 13,922 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. |
| 6 | Common | Disney Common Stock | 2025-12-15 | M | A | 27,414 | — | 59,941 | D | — | — | (F1) Vesting of restricted stock units granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan, previously reported on a Form 4 filed on December 2, 2025. The total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares and includes dividend equivalents accrued on the award. (F2) Restricted stock units convert into common stock at 1-for-1. |
| 7 | Derivative | Stock Option (Right-to-Buy) | 2025-12-15 | A | A | 84,728 | $0.00 | 84,728 | D | $110.05 · — to 2035-12-15 | 84,728 Disney Common Stock | (F9) Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option is scheduled to vest in three equal installments on each December 15 of 2026, 2027 and 2028. In connection with this stock option award, the reporting person also was awarded restricted stock units whose vesting is subject to performance vesting criteria. The number of stock units vesting depends on the extent to which the performance criteria are satisfied, and ranges from zero to 103,928, not including potential accrued dividends. |
| 8 | Derivative | Restricted Stock Unit | 2025-12-15 | A | A | 28,090 | $0.00 | 28,090 | D | — · — to — | 28,090 Disney Common Stock | (F2) Restricted stock units convert into common stock at 1-for-1. (F8) This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The award is scheduled to vest in three equal installments on each December 15 of 2026, 2027 and 2028. |
| 9 | Derivative | Restricted Stock Unit | 2025-12-15 | M | D | 8,499 | $0.00 | 8,499 | D | — · — to — | 8,499 Disney Common Stock | (F2) Restricted stock units convert into common stock at 1-for-1. (F6) Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The remaining 8,499 stock units vest on December 15, 2026. Includes dividend equivalents accrued on the award. |
| 10 | Derivative | Restricted Stock Unit | 2025-12-15 | M | D | 6,162 | $0.00 | 0 | D | — · — to — | 6,162 Disney Common Stock | (F2) Restricted stock units convert into common stock at 1-for-1. (F4) Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award is fully vested. Includes dividend equivalents accrued on the award. |
| 11 | Derivative | Restricted Stock Unit | 2025-12-15 | M | D | 27,414 | $0.00 | 0 | D | — · — to 2025-12-15 | 27,414 Disney Common Stock | (F2) Restricted stock units convert into common stock at 1-for-1. (F1) Vesting of restricted stock units granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan, previously reported on a Form 4 filed on December 2, 2025. The total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares and includes dividend equivalents accrued on the award. |