WOODFORD BRENT 4

What Happened
Brent Woodford, EVP, Control, Financial Planning & Tax at The Walt Disney Company, had 1,162 restricted stock units (RSUs) vest and convert into 1,162 shares on July 17, 2026. To satisfy withholding tax obligations, 362 of those shares were automatically withheld (disposed) at a reported per-share value of $98.42, totaling $35,628. The withholding was an internal reduction of issued shares and not an open-market sale.

Key Details

• Transaction date: July 17, 2026; Form filed July 20, 2026.
• Primary events: conversion/Exercise of derivative (M) — 1,162 RSUs converted to shares; tax withholding (F) — 362 shares withheld at $98.42 each = $35,628.
• Price/detail: acquired shares reported with N/A or $0 (conversion of RSUs); withholding reported at $98.42/share.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — RSU award vested in semi-annual installments (started Jan 17, 2024) and includes dividend equivalents; F2 — RSUs convert 1-for-1 into common stock; F3 — the 362-share disposition was automatic tax withholding, not an open-market sale; F4 — filing notes shares held in The Walt Disney Stock Fund (401(k) plan) as of July 17, 2026.
• Timeliness: filing dated July 20, 2026 for a July 17, 2026 transaction (no late-filing flag in report).

Context
This was a routine RSU vesting and cashless tax-withholding event rather than a discretionary sale or purchase. For retail investors, note that withheld shares to cover taxes are common and do not necessarily signal insider sentiment. The RSUs converted 1-for-1 into common shares; the withheld shares were surrendered to cover tax obligations rather than sold on the open market.