Form 4 for DIS Walt Disney Company (The)
Accepted 2023-12-19 00:00:00 ET · period of report 2023-12-15 · accession 0001744489-23-000264 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-19 | 2023-12-15 | DIS | Gutierrez Horacio E | GC, Sr EVP | M - OptEx | — | +6,049 | 12.4K | +95% | — |
| D | 2023-12-19 | 2023-12-15 | DIS | Gutierrez Horacio E | GC, Sr EVP | F - Tax | $93.44 | -3,000 | 9,407 | -24% | -$280.3K |
| DM | 2023-12-19 | 2023-12-15 | DIS | Gutierrez Horacio E | GC, Sr EVP | A - Grant | $0.00 | +98.5K | 73.3K | New | $0 |
| D | 2023-12-19 | 2023-12-15 | DIS | Gutierrez Horacio E | GC, Sr EVP | M - OptEx | $0.00 | -6,049 | 12.1K | -33% | $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 | 2023-12-15 | M | A | 6,049 | — | 12,407 | D | — | — | (F1) Vesting of shares connected with grant under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The remaining stock units vest as to 6,049 stock units on each December 15 of 2024 and 2025. (F2) Restricted stock units convert into common stock at 1-for-1. |
| 2 | Common | Disney Common Stock | 2023-12-15 | F | D | 3,000 | $93.44 | 9,407 | D | — | — | (F3) The 3000 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. |
| 3 | Derivative | Restricted Stock Unit | 2023-12-15 | A | A | 25,151 | $0.00 | 25,151 | D | — · — to 2026-12-15 | 25,151 Disney Common Stock | (F2) Restricted stock units convert into common stock at 1-for-1. (F5) 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 as to 8,384 stock units on each December 15 of 2024 and 2026; and as to 8,383 stock units on December 15, 2025. |
| 4 | Derivative | Stock Option (Right-to-Buy) | 2023-12-15 | A | A | 73,324 | $0.00 | 73,324 | D | $93.44 · — to 2033-12-15 | 73,324 Disney Common Stock | (F4) 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 as to 24,442 shares on December 15, 2024; and as to 24,441 shares on each December 15 of 2025 and 2026. 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 87,480. |
| 5 | Derivative | Restricted Stock Unit | 2023-12-15 | M | D | 6,049 | $0.00 | 12,098 | D | — · — to — | 6,049 Disney Common Stock | (F2) Restricted stock units convert into common stock at 1-for-1. (F1) Vesting of shares connected with grant under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The remaining stock units vest as to 6,049 stock units on each December 15 of 2024 and 2025. |