Kumar Suresh 4
Research Summary
AI-generated summary
Walmart (WMT) CTO Kumar Suresh Receives 110,971-Share Award
What Happened
- Kumar Suresh, Chief Technology Officer of Walmart Inc. (WMT), was granted 110,971 restricted stock units (RSUs) on March 9, 2026. The award is reported as an acquisition (code A) at $0.00 per share (total reported cash value $0) because this is a compensatory grant, not an open-market purchase.
Key Details
- Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (appears timely under Form 4 rules).
- Grant size and price: 110,971 RSUs @ $0.00 (award/grant).
- Vesting: These RSUs were earned for performance for the one-year period ended Jan. 31, 2026, and are scheduled to vest on Jan. 31, 2028, subject to continued employment (Footnote F1).
- Shares owned after transaction: Not specified in the provided filing details.
- No 10b5-1 plan, cashless exercise, sale, or tax-withholding transaction reported in this filing.
Context
- RSUs are a form of deferred compensation: they are not settled into actual shares (or saleable stock) until they vest. Their future value will depend on Walmart’s stock price at vesting and any company settlement terms.
- Grants like this are common for executives as compensation/retention and do not indicate an open-market purchase or sale by the insider.