Niccol Brian R 4

What Happened Brian R. Niccol, reported as a director of Walmart Inc., was granted 231 stock units (transaction code A) on 2026-03-31. The units were valued at $124.28 each, totaling $28,709. This was an award of deferred director compensation (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-03-31; 231 units at $124.28 each (total $28,709).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnotes: F1 — these are quarterly director fees the reporting person elected to defer into stock units; the unit count used the closing stock price on the grant date. F2 — balance adjusted to reflect a corrected phantom stock unit balance for dividend equivalents on deferred stock.
• Timeliness: Filing dated 2026-04-02 for a 2026-03-31 grant; no late filing indicated in the report.

Context This is routine compensation deferral for a director. Deferred stock units generally represent a right to receive shares or cash later (subject to plan terms) and do not necessarily imply a personal directional bet on the stock today.