WOODFORD BRENT 4
4 · Walt Disney Co · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
Disney (DIS) EVP Brent Woodford Receives RSU Award; Shares Withheld
What Happened
Brent Woodford, EVP, Control, Financial Planning & Tax at The Walt Disney Company, had restricted stock units (RSUs) vest/convert on July 15, 2026. Two RSU conversions resulted in a total of 3,827 shares issued (1,956 and 1,871). To satisfy tax withholding obligations, 933 of those shares (477 and 456) were automatically withheld at a reported withholding price of $97.00 per share, totaling $90,501. The withheld shares were not an open-market sale.
Key Details
- Transaction date: July 15, 2026 (Form filed July 16, 2026 — appears timely).
- Shares issued on conversion: 3,827 total (1,956 + 1,871).
- Shares withheld for taxes: 933 total (477 + 456) at $97.00/share = $46,269 + $44,232 = $90,501.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = shares withheld to satisfy tax liability. Two derivative entries showed $0 because the RSUs converted/cancelled on vesting.
- Footnotes: Vesting relates to awards under Disney’s 2011 Stock Incentive Plan (two awards with semi-annual vesting schedules); RSUs convert 1-for-1 and include dividend equivalents (F1–F6). The filing clarifies the withheld shares do not represent open-market sales.
- Shares owned after the transactions are not specified in the provided excerpt.
Context
This was a routine vesting of RSUs, not a purchase or open-market sale. Automatic share withholding to cover taxes is a common administrative step and does not necessarily indicate a change in the insider’s market view. For investors tracking insider activity, purchases or open-market sales typically provide clearer sentiment signals than routine vestings and withholdings.
Insider Transaction Report
- Exercise/Conversion
Disney Common Stock
[F1][F2]2026-07-15+1,956→ 60,585 total - Tax Payment
Disney Common Stock
[F3]2026-07-15$97.00/sh−477$46,269→ 60,108 total - Exercise/Conversion
Disney Common Stock
[F4][F2]2026-07-15+1,871→ 61,979 total - Tax Payment
Disney Common Stock
[F5]2026-07-15$97.00/sh−456$44,232→ 61,523 total - Exercise/Conversion
Restricted Stock Unit
[F2][F1]2026-07-15−1,956→ 5,868 total→ Disney Common Stock (1,956 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F4]2026-07-15−1,871→ 9,359 total→ Disney Common Stock (1,871 underlying)
- 100(indirect: By Spouse)
Disney Common Stock
- 291.491(indirect: By 401(k))
Disney Common Stock
[F6]
Footnotes (6)
- [F1]Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vests in six substantially equal semi-annual installments, which began on July 15, 2025. Includes dividend equivalents accrued on the award.
- [F2]Restricted stock units convert into common stock at 1-for-1.
- [F3]The 477 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.
- [F4]Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vests in six substantially equal semi-annual installments, which began on July 15, 2026.
- [F5]The 456 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.
- [F6]Shares held in The Walt Disney Stock Fund as of July 15, 2026. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.