Horacio E. Gutierrez - Dec 15, 2023 Form 4 Insider Report for Walt Disney Co (DIS)

Role
Sr EVP and General Counsel
Signature
/s/ Jolene E. Negre, as attorney-in-fact
Stock symbol
DIS
Transactions as of
Dec 15, 2023
Transactions value $
-$280,317
Form type
4
Date filed
12/19/2023, 05:53 PM
Previous filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIS Disney Common Stock Options Exercise +6.05K +95.14% 12.4K Dec 15, 2023 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$280K -3K -24.18% $93.44 9.41K Dec 15, 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DIS Restricted Stock Unit Options Exercise $0 -6.05K -33.33% $0.00 12.1K Dec 15, 2023 Disney Common Stock 6.05K Direct F1, F2
transaction DIS Stock Option (Right-to-Buy) Award $0 +73.3K $0.00 73.3K Dec 15, 2023 Disney Common Stock 73.3K $93.44 Direct F4
transaction DIS Restricted Stock Unit Award $0 +25.2K $0.00 25.2K Dec 15, 2023 Disney Common Stock 25.2K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
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.
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.