Disney EVP Brent Woodford Exercises and Sells Shares via 10b5-1 Plan

Executive Summary

On November 3, 2026, Walt Disney Co ($DIS) filed a Form 4 on behalf of Brent Woodford, Executive Vice President of Control, Financial Planning & Tax. On November 2, 2026, Mr. Woodford exercised stock options covering an aggregate of 6,474 shares and subsequently sold the underlying shares at an average price of $111.98 per share under a pre-established Rule 10b5-1 trading plan.

Transaction Breakdown

• Option Exercises:
  • Exercised 2,856 options with an exercise price of $111.58 per share (expiring Dec 19, 2027).
  • Exercised 3,618 options with an exercise price of $105.21 per share (expiring Dec 21, 2026).
• Open Market Sales:
  • Sold 2,856 shares at $111.98 per share.
  • Sold 3,618 shares at $111.98 per share.
  • Total gross sale proceeds: $724,958.52.
  • Total option exercise cost: $699,322.26.
  • Net pre-tax cash realized: $25,636.26.

Ownership Structure Post-Transaction

• Direct Ownership: 62,995 shares of Common Stock remain directly held.
• Indirect Holdings:
  • 100 shares held by spouse in an IRA.
  • 293.747 shares held via 401(k) Plan.
• Derivative Holdings: Retains 17,134 options expiring December 19, 2027, and 3,618 options expiring December 21, 2026.

Context & Assessment

This filing carries Low market significance. The transactions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on February 24, 2026, partly addressing options nearing their December 2026 expiration date. The reporting person retains a substantial direct holding of nearly 63,000 shares.