McLay Kathryn J. 4

What Happened
Kathryn J. McLay, Executive Vice President of Walmart Inc., had 91,753.145 shares withheld to satisfy tax withholding obligations upon the vesting of performance-based restricted stock units (RSUs). The shares were valued at $119.14 each, for a total withholding value of $10,931,470. This was a routine tax-withholding disposition rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-01-31
• Price per share: $119.14
• Shares withheld/disposed: 91,753.145
• Total value: $10,931,470
• Footnote: F1 — stock units withheld to satisfy tax withholding on vesting of performance-based RSUs (transaction code F = tax withholding)
• Filing date: 2026-02-03 (appears timely based on the Form 4 filing)
• Shares owned after transaction: not disclosed in the provided filing

Context
Withholding shares to cover taxes on vested RSUs is a common, administrative transaction and does not necessarily indicate the insider's view of the company's prospects. This is different from a market sale (which could be directional) or a purchase (which some investors view as bullish).