Disney EVP Brent Woodford Exercises Options, Sells 3,618 Shares

What Happened

• Brent Woodford, EVP, Control, Financial Planning & Tax at The Walt Disney Company (DIS), exercised stock derivatives and immediately sold the resulting shares on September 1, 2026. He exercised 3,618 shares at an exercise price of $105.21 (cost ≈ $380,650) and sold 3,618 shares in the open market at $107.13 for gross proceeds of ≈ $387,596. The net difference before fees and taxes was roughly $6,946.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (timely).
• Exercise: 3,618 shares @ $105.21 — total cost ≈ $380,650.
• Sale: 3,618 shares @ $107.13 — gross proceeds ≈ $387,596.
• Filing also lists a derivative conversion line for 3,618 shares with $0 proceeds (the filing does not specify the reason).
• Reported as made pursuant to a Rule 10b5‑1 plan adopted by the reporting person on Feb 24, 2026 (footnote F1).
• The filing notes the award was fully vested (footnote F4).
• Shares owned after the transaction are not disclosed in the provided excerpt.

Context

• This appears to be an exercise followed by an immediate sale (a cashless-style outcome): the exercised shares were sold the same day, turning the option exercise into realized proceeds rather than a long-term hold.
• The zero-dollar derivative conversion line may reflect internal settlement/withholding mechanics (the Form 4 does not explain it). The 10b5‑1 plan disclosure indicates the sale likely followed a pre‑arranged plan rather than a discretionary day‑of decision.