Walmart Director Gregory Boyd Penner Receives Quarterly Stock Units

Executive Summary

On October 2, 2026, Walmart Inc. ($WMT) director Gregory Boyd Penner reported an acquisition of 547 shares of common stock units dated September 30, 2026. The transaction was classified under code 'A' (grant, award, or other acquisition pursuant to a compensatory plan) at a stated price of $0.00 per share.

Transaction Details

• Security: Common Stock
• Shares Acquired: 547 stock units
• Price Per Share: $0.00
• Transaction Nature: Direct ownership
• Post-Transaction Direct Ownership: 264,191.067 shares
• Indirect Holdings: 1,448,634 shares held indirectly by spouse

Filing Footnotes & Context

1. Compensation Deferral: The 547 stock units represent quarterly director compensation that Mr. Penner elected to defer into stock units. The number of units awarded was calculated based on the closing market price of Walmart's common stock on the grant date.
2. Dividend Adjustments: The reported direct balance reflects adjustments for phantom stock units acquired as dividend equivalents on previously deferred stock units.

Market & Significance Assessment

• Significance: Low
• Rationale: This transaction represents an ordinary-course director retainer deferral under Walmart's board compensation framework rather than an open-market buy or sell. It indicates continued alignment with shareholder value but carries minimal signaling value for market sentiment.