McMillon C Douglas 4
Research Summary
AI-generated summary
Walmart (WMT) Director C. Douglas McMillon Sells 19,416 Shares
What Happened
- C. Douglas McMillon, listed as a Director of Walmart Inc. (WMT), sold 19,416 shares on March 26, 2026. The weighted average sale price was $123.16, generating proceeds of approximately $2,391,280. This was a sale (not a purchase); sales are often routine and do not necessarily signal a change in insider sentiment.
Key Details
- Transaction date: 2026-03-26. Weighted average price reported: $123.16 (individual trades ranged $123.09–$123.25).
- Shares sold: 19,416. Proceeds: ~$2.39 million.
- Shares owned after transaction: not explicitly stated in this Form 4; the balance was adjusted per footnote to reflect holdings in the Walmart Inc. 2016 Associate Stock Purchase Plan.
- Footnote: The sale was executed pursuant to a Rule 10b5-1 trading plan entered during an open trading window and previously disclosed by the company on Form 8‑K (Mar 17, 2025). The filer offers to provide full trade-level details on request.
- Filing timeliness: Reported on 2026-03-27 for a 2026-03-26 transaction (appears timely; no late-filing flag).
Context
- A 10b5-1 plan is a pre-scheduled trading arrangement that allows insiders to sell shares at predetermined times; such sales are generally considered routine and reduce the likelihood that they reflect new, undisclosed company information.