Friar Sarah 4

What Happened
Sarah Friar, a director of Walmart Inc. (WMT), was granted 282 stock units on 2026-03-31 at a unit value of $124.28, a total value of about $35,047. The filing reports this as an award/acquisition (code A) rather than an open-market purchase or sale — a routine form of director compensation rather than a trading decision.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (filed within the typical two-business-day Form 4 window).
• Shares/units granted: 282 units at $124.28 per unit; total value ≈ $35,047.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1 — The grant represents quarterly director compensation that Ms. Friar elected to defer in the form of stock units; the unit count was determined using the closing price on the grant date.
  • F2 — Balance adjusted to reflect phantom stock units received as dividend equivalents on deferred stock.
• Transaction code: A (award/grant/acquisition). No indication of 10b5-1 plan, tax withholding, or a sale.

Context
Grants to directors for board service are routine and reflect compensation arrangements; they are not the same signal as an insider buying stock on the open market. The award here was in the form of stock/phantom stock units tied to deferred compensation, so it increases her equity-linked pay but does not necessarily indicate a change in sentiment about Walmart stock.