Walt Disney (DIS) EVP Brent Woodford Exercises Options, Sells 7,238 Shares

What Happened
Brent Woodford, EVP, Control, Financial Planning & Tax at The Walt Disney Company, exercised 7,238 stock options and sold the resulting 7,238 shares on August 14, 2026. The exercise price was $105.21 per share (exercise cost $761,510) and the shares were sold the same day at $105.31 per share for proceeds of $762,234. The net pre-tax difference between sale proceeds and exercise cost was about $724.

Key Details

• Transaction date: August 14, 2026.
• Exercise: 7,238 shares at $105.21, total $761,510 (reported as "M" — option exercise).
• Sale: 7,238 shares at $105.31, total $762,234 (reported as "S" — open market sale).
• Derivative disposition: 7,238 shares reported as disposed following exercise (reported at $0.00 in the derivative line).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: Transaction was made pursuant to a 10b5-1 trading plan adopted Feb 24, 2026 (F1). Some shares are held in The Walt Disney Stock Fund (401(k) plan and company matching) as of Aug 14, 2026 (F2). The award was fully vested (F3).
• Timeliness: Form 4 filed on Aug 17, 2026; filing appears timely under the two-business-day rule.

Context
Because the options were exercised and the exact same number of shares were sold the same day, this effectively functions as a cashless exercise and immediate sale—common for covering exercise costs and taxes. The filing is factual and does not indicate the insider’s broader view of the company.