Disney Director James P. Gorman Receives ~$145K in Quarterly Equity Compensation

Transaction Summary

On September 30, 2026, Walt Disney Co ($DIS) Director James P. Gorman acquired 1,386.1 shares/stock units of Disney Common Stock at an implied price of $104.88 per share, representing an aggregate value of approximately $145,374. Following this transaction, Gorman directly holds 11,961.7 shares/units and indirectly controls 38,000 shares held in a Grantor Retained Annuity Trust (GRAT).

Filing Details & Context

According to the footnote disclosures, the transaction comprises:

• 509.7 stock units and/or shares credited in lieu of cash retainer fees for Board service pursuant to the reporting person's election under the Amended and Restated 2011 Stock Incentive Plan.
• 876.4 deferred stock units credited as standard quarterly equity compensation under the Plan, including dividend equivalent units.

Market Impact & Significance

This transaction reflects routine, scheduled quarterly director compensation rather than an open-market purchase or sale. Because the acquisition is part of the issuer's standard board compensation structure and retainer equity elections, it carries low predictive signal regarding near-term operational performance or stock valuation sentiment.