Chang Amy 4

What Happened
Amy Chang, a director of The Walt Disney Company, was granted 1,080.7 shares (stock units) on 2026-03-31 at a per-share value of $96.96, a total value of $104,785. The transaction is reported as an award/grant (code A) issued under the Amended and Restated 2011 Stock Incentive Plan.

Key Details

• Transaction date: 2026-03-31; reported filing date: 2026-04-02.
• Price/value: $96.96 per share; total reported value $104,785.
• Shares involved: 1,080.7 stock units (reported as shares issued under the Plan).
• Shares owned after transaction: not reported in this filing.
• Footnote: the grant includes (1) 330.3 stock units issued in lieu of the director’s quarterly cash retainer (per the director’s election) and (2) 750.4 deferred stock units credited as a quarterly grant; the total also includes dividend-equivalent stock units. Stock units are issued in the form of common shares under the Plan.
• Exhibit: Power of Attorney (Exhibit 24) attached.

Context
This was a routine director compensation award (stock units and deferred units), not an open-market purchase or sale. Such awards are common for board members and reflect compensation rather than a direct signal of the director’s trading sentiment.