Darroch Jeremy 4
4 · Walt Disney Co · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Walt Disney (DIS) Director Jeremy Darroch Receives 1,034 Shares
What Happened Jeremy Darroch, a director of The Walt Disney Company, was issued 1,034.3 shares (an award/acquisition) on 2026-03-31 with an aggregate value of $100,286 (priced at $96.96 per share). At the same time, 470.4 shares were surrendered/withheld to satisfy tax withholding and related obligations: 89.4 shares (withholding) at $95.54 ($8,541), 218 shares returned to the issuer at $112.16 ($24,451), and 163 shares returned to the issuer at $114.07 ($18,593). These returns/withholdings are reported as dispositions but are not open-market sales. Net share increase from these transactions: 563.9 shares; net value retained from the grant ≈ $48,701.
Key Details
- Transaction date: 2026-03-31 (Form 4 filed 2026-04-02; reporting period 2026-03-31).
- Award: 1,034.3 shares @ $96.96 = $100,286.
- Dispositions (to cover taxes/withholding, not open-market sales): 89.4 shares @ $95.54 = $8,541; 218 shares @ $112.16 = $24,451; 163 shares @ $114.07 = $18,593. Total disposed = 470.4 shares ($51,585).
- Net change: +563.9 shares; net value retained from issuance ≈ $48,701.
- Footnotes: F1 explains the grant composition (330.3 shares issued in lieu of quarterly cash retainer + 704.4 deferred stock units, plus dividend adjustments). F2–F4 clarify the 89.4, 218 and 163-share dispositions are withholding/returns for tax obligations and are not open-market sales.
- Shares owned after the transaction: not reported on this filing.
- Exhibit: Power of Attorney (Exhibit 24) attached.
Context This filing reflects a stock award issued under Disney’s 2011 Stock Incentive Plan and routine tax-withholding/return mechanics, not discretionary open-market sales. For retail investors, purchases or awards (like this issuance) typically indicate a director receiving company equity per compensation plan; the withheld/returned shares are administrative and do not signal a market sale.
Insider Transaction Report
- Award
Disney Common Stock
[F1]2026-03-31$96.96/sh+1,034.3$100,286→ 8,958.9 total - Tax Payment
Disney Common Stock
[F2]2026-03-31$95.54/sh−89.4$8,541→ 8,869.5 total - Disposition to Issuer
Disney Common Stock
[F3]2026-03-31$112.16/sh−218$24,451→ 8,651.5 total - Disposition to Issuer
Disney Common Stock
[F4]2026-03-31$114.07/sh−163$18,593→ 8,488.5 total
Footnotes (4)
- [F1]Includes: (1) 330.3 stock units and/or shares of the Issuer's common stock issued under the Amended and Restated 2011 Stock Incentive Plan (the "Plan") credited in lieu of all or a portion of the reporting person's quarterly cash retainer fees for Board services pursuant to the reporting person's election, which shares shall be issued to the reporting person at such times and subject to such terms and conditions governing the election, and (2) 704.4 deferred stock units under the Plan credited as a quarterly grant under the Plan. The total also includes additional stock units credited to the reporting person in respect of dividends paid on shares of Issuer common stock and a deduction for cash paid in lieu of fractional shares when stock units are converted to shares. Stock units are issued to the reporting person in the form of shares of the Issuer's common stock issued under the Plan.
- [F2]The 89.4 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction.
- [F3]The shares reported as a disposition represent a return of shares to the issuer to satisfy withholding tax obligations related to the issuance of shares to the reporting person on January 24, 2025, and do not constitute an actual sale or other open-market transaction.
- [F4]The shares reported as a disposition represent a return of shares to the issuer to satisfy withholding tax obligations related to the issuance of shares to the reporting person on January 5, 2026, and do not constitute an actual sale or other open-market transaction.