Darroch Jeremy 4

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.