Chang Amy 4

What Happened
Amy Chang, a director of The Walt Disney Company, was issued 954.8 shares (reported as an acquisition/award, code "A") on 2026-06-30 at a reported value of $100.80 per share, for a total value of $96,244. The shares were issued as stock units under Disney’s Amended and Restated 2011 Stock Incentive Plan rather than bought in the open market.

Key Details

• Transaction date and type: 2026-06-30 — Grant/Award (code A).
• Price/value: $100.80 per share; total reported value $96,244.
• Filing: Form 4 filed 2026-07-02 (appears filed within the normal 2-business-day window).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The 954.8 total includes 310.0 stock units issued in lieu of a quarterly cash retainer (per the director’s election) and 644.8 deferred stock units credited as a quarterly grant under the Plan. Stock units are issued in the form of shares under the Plan.

Context
This transaction is a compensation-related issuance (board retainer election and quarterly grant), not an open-market purchase or sale, so it reflects director compensation timing and elections rather than a discretionary market trade. Compensation grants are common for non-employee directors and do not by themselves indicate the director’s view on the stock.