Coleman Sonia L 4

What Happened

• Sonia L. Coleman, Senior Executive Vice President & Chief People Officer at The Walt Disney Company, had 1,719.812 restricted stock units (performance-based RSUs) satisfied/award-adjusted on June 22, 2026 and the units converted into common stock. Following conversion, 291 shares were automatically withheld to cover tax withholding obligations (tax withholding valued at $29,950 at $102.92/share). The transactions were reported on a Form 4 filed June 24, 2026.

Key Details

• Transaction dates: RSU award/performance determination on 2026-06-22; conversion/exercise and withholding on 2026-06-23; Form 4 filed 2026-06-24.
• Award amount: 1,719.812 restricted stock units (performance RSUs satisfied as to that amount).
• Tax withholding: 291 shares withheld @ $102.92 = $29,950 (automatic withholding, not an open-market sale).
• Conversion: RSUs convert 1-for-1 into common stock (derivative exercise/conversion entries reported).
• Shares owned after transaction: Not specified in the provided extract (filing notes some shares held in The Walt Disney Stock Fund as of 6/23/2026).
• Footnotes: Award was performance-based (satisfaction/adjustment recorded); RSUs vest/convert per plan; withheld shares discharge tax obligations and are not a market sale.
• Timeliness: Filing dated 6/24/2026 reporting 6/22–6/23 transactions — appears timely (Form 4 filed within required period).

Context

• These were restricted stock units (derivative awards) that vested/converted into common stock; the withholding of shares to cover taxes is routine and does not represent an open-market sale.
• For retail investors, this is not an outright purchase signaling additional bullish insider buying — it is compensation-related conversion and tax withholding.