McMillon C Douglas 4

What Happened
Doug McMillon, a director of Walmart Inc., was granted 209,611 restricted stock units (RSUs) on March 9, 2026. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (total reported value $0) — these are compensation units, not an open-market purchase or sale. The award was certified by the Compensation and Management Development Committee based on achievement of performance goals for the one-year period ended Jan. 31, 2026.

Key Details

• Transaction date: 2026-03-09; Form 4 filed 2026-03-11 (appears timely).
• Reported amount: 209,611 RSUs; reported acquisition price: $0.00 (award/grant).
• Vesting: Scheduled to vest on Jan. 31, 2027, provided McMillon remains employed on that date (per footnote).
• Footnote: RSUs were earned after certification of performance results for the one-year period ended Jan. 31, 2026.
• Shares owned after transaction: Not specified in the provided filing.
• Transaction type: Award/grant (A); no sale or purchase reported.

Context
RSUs are a form of equity compensation that convert into shares (or cash) upon vesting and typically carry tax consequences at vesting. Because this is a performance-based compensation award, it reflects company-determined pay outcomes rather than a personal buy/sell decision by the insider. Awards like this are common for executives and directors and do not by themselves indicate the insider is increasing or decreasing personal exposure to the stock.