Disney Director Jeremy Darroch Receives Quarterly Stock Award Worth ~$100K

Executive Summary

On October 2, 2026, Walt Disney Co ($DIS) filed a Form 4 disclosing transactions by Director Jeremy Darroch. On September 30, 2026, Darroch acquired 954.7 shares of Disney Common Stock through a quarterly stock award and retainer credited under the Amended and Restated 2011 Stock Incentive Plan, followed by the automatic disposition of 122.4375 shares to satisfy tax withholding obligations.

Transaction Breakdown

1. Stock Grant / Award (Code A):

   • Date: September 30, 2026
   • Shares: 954.7 shares credited at $104.88 per share ($100,128.94 total value).
   • Details: Includes 301.9 stock units/shares credited in lieu of quarterly cash retainer fees and 652.8 deferred stock units as a quarterly equity grant, including dividend equivalents.

2. Tax Withholding (Code F):

   • Date: September 30, 2026
   • Shares: 122.4375 shares withheld at $105.65 per share ($12,935.52 total value).
   • Details: Automatic share withholding to meet tax liabilities, not an open-market sale.

Net Impact and Holdings

• Net Share Increase: +832.2625 shares
• Post-Transaction Beneficial Ownership: 10,162.1925 shares owned directly.

Market & Trading Significance

This transaction carries Low market significance as it reflects scheduled, routine equity-based director compensation rather than open-market discretionary trading or a change in insider sentiment.