Walden Dana 4

What Happened

• Dana Walden, President & Chief Creative Officer of The Walt Disney Company (DIS), received two derivative equity awards on 2026-03-18: a stock option covering 38,798 shares and a restricted stock unit (RSU) award of 13,149 units. Both were granted at $0.00 (award grants, not purchases or sales).

Key Details

• Transaction date(s): 2026-03-18; Form 4 filed 2026-03-20 (timely).
• Grants shown: 38,798 (option, derivative) and 13,149 (RSU, derivative); reported acquisition price = $0.00.
• Vesting: Both the option and the RSU awards are scheduled to vest in three equal installments on March 18 of 2027, 2028 and 2029.
• Performance component: In connection with the option grant, additional performance‑based stock units were awarded whose vesting depends on performance and may range from 0 to 50,080 units (excluding possible accrued dividends).
• RSU conversion: Restricted stock units convert 1-for-1 into common stock upon vesting.
• Plan and exemption: Awards granted under the Company’s Amended & Restated 2011 Stock Incentive Plan and exempt under Rule 16b‑3.
• Shares owned after transaction: Not stated in this Form 4.

Context

• These are compensation awards (not open‑market purchases or sales). Options give the right to buy shares later (vesting schedule applies); RSUs convert to shares when they vest. Performance-based components mean the final number of shares that vest may be lower or higher depending on achievement of preset goals.
• Such grants are routine for executive compensation and do not, by themselves, indicate buying or selling sentiment.