Disney EVP Brent Woodford Receives 1,060 Shares; 393 Withheld

What Happened
Brent Woodford, EVP, Control, Financial Planning & Tax at The Walt Disney Company (DIS), had restricted stock units (RSUs) vest on September 23, 2026. The RSUs converted 1-for-1 into 1,060 shares of DIS common stock. To satisfy tax withholding obligations, 393 of those shares were automatically withheld/disposed at $103.66 per share, generating $40,738 in withholding; the reporting person received a net 667 shares. Dividend equivalents were included in the vested award.

Key Details

• Transaction date: September 23, 2026; Form 4 filed September 25, 2026 (timely).
• Shares converted/acquired: 1,060 RSUs → 1,060 shares (conversion/exercise of derivative).
• Tax withholding: 393 shares withheld at $103.66/share = $40,738 (reported as a disposition but not an open‑market sale).
• Net shares delivered to insider: 667 shares (1,060 − 393).
• Footnotes: F1 — vesting of RSUs under Disney’s 2011 Stock Incentive Plan (includes dividend equivalents); F2 — RSUs convert 1-for-1; F3 — withheld shares are automatic tax withholding, not an open‑market sale; F4 — some shares are held in The Walt Disney Stock Fund (401(k) option and company match).

Context
This was a routine vesting of RSUs rather than a market sale or an opportunistic purchase. The withholding of shares to cover taxes is standard practice and should not be interpreted as a discretionary sale of company stock by the insider.