Walt Disney Co Director Jeffrey E. Williams Receives Quarterly Equity Award

Executive Summary

On October 2, 2026, Walt Disney Co ($DIS) filed a Form 4 reporting an acquisition of shares by Director Jeffrey E. Williams. The transaction occurred on September 30, 2026, and involved the acquisition of 924.7 shares of Disney Common Stock at an implied price of $104.88 per share, amounting to a total transaction value of approximately $96,982.54.

Transaction Details

• Insider Name: Jeffrey E. Williams
• Role: Director
• Transaction Code: A (Grant, award, or other acquisition under an employee/director benefit plan)
• Securities Transacted: 924.7 shares of Disney Common Stock
• Price per Share: $104.88
• Total Transaction Value: $96,982.54
• Shares Held Following Transaction: 2,033.90 shares (Direct)

Nature of Acquisition

According to Footnote 1 of the filing, the acquisition comprises two components under the Amended and Restated 2011 Stock Incentive Plan:

1. 299.9 stock units/shares credited in lieu of quarterly cash retainer fees for Board services per the director's election.
2. 624.8 deferred stock units credited as a standard quarterly grant under the plan, alongside dividend equivalent units.

Market Impact & Significance

This filing reflects routine quarterly director compensation rather than an open-market purchase or sale. Because the transaction represents scheduled equity grants and fee elections rather than discretionary market activity, it carries Low trading significance and does not signal a change in corporate sentiment or forward-looking operational performance.