DAmaro Joshua W 4

What Happened
Joshua W. D'Amaro, CEO of The Walt Disney Company (DIS), received equity awards on March 18, 2026: a grant of 71,585 stock options (derivative) and an award of 24,261 restricted stock units (RSUs). Both awards have a $0 purchase price (standard executive compensation grants) and were reported on an SEC Form 4 filed March 20, 2026.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (timely reporting).
• Transaction type/code: A = Award/Grant; option grant is a derivative instrument.
• Counts and price: 71,585 options @ $0.00; 24,261 RSUs @ $0.00.
• Vesting: Both the option and RSU awards vest in three equal installments on March 18 of 2027, 2028 and 2029 (per footnotes).
• Performance condition: The RSU award is performance-based; the number that vests may range from 0 up to 92,398 RSUs (not including potential accrued dividends).
• RSU conversion: RSUs convert into one share of common stock each (1-for-1) when vested.
• Exemption: Grants were made under Disney’s Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16b-3.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This was a compensation grant rather than a market purchase or sale. Such awards are routine for executives and vest over multiple years; the RSUs are performance-contingent, so the final share count that vests could be higher or lower (including zero) depending on results. Grants do not by themselves indicate buying or selling intent—future exercises or sales would create taxable events and require separate disclosure.