Guggina David W 4

What Happened
David W. Guggina, Executive Vice President of Walmart Inc., was granted 20,227.055 restricted stock units (RSUs) on March 9, 2026 (reported as an acquisition, code A, $0 per share). On March 10, 198.326 shares were disposed (code F) to satisfy tax withholding related to the award at $124.34 per share, totaling $24,660.

Key Details

• Transactions: Grant (A) on 2026-03-09 for 20,227.055 RSUs @ $0.00; Tax withholding (F) on 2026-03-10 for 198.326 shares @ $124.34 = $24,660.
• Footnotes: F1 — RSUs were earned for the one-year period ended Jan. 31, 2026 and certified Mar. 9, 2026; scheduled to vest Jan. 31, 2028 if employed then. F2 — 198.326 shares were withheld to satisfy tax withholding upon vesting; some vested shares were deferred. F3 — Balance adjusted to reflect current shares held in the Walmart 2016 Associate Stock Purchase Plan.
• Shares owned after the reported transactions: not explicitly stated in the filing (balance adjusted per F3).
• Filing: Form 4 filed 2026-03-11 for transactions on 2026-03-09 and 2026-03-10 — appears timely.

Context
This was an awarded/earned RSU grant, not an open-market purchase or sale by the insider. RSU grants and the routine withholding of a small number of shares for taxes are common compensation practices and do not by themselves indicate a buy or sell signal about the stock. The RSUs are scheduled to vest on Jan. 31, 2028 (subject to continued employment), so the award is a future-delivery equity grant rather than immediate stock acquisition.