[Form 4] The Walt Disney Company Insider Trading Activity
Walt Disney Co. (DIS) 鈥� Form 4 insider transaction
Director Michael B. G. Froman reported acquiring a total of 805.7 Disney common shares on 30 June 2025 at an indicated price of $119.43 per share. The acquisition resulted from the director鈥檚 election to receive his quarterly Board cash retainer and deferred stock award in the form of stock units issued under the company鈥檚 Amended and Restated 2011 Stock Incentive Plan.
Following the conversion of units to shares, Froman now beneficially owns 20,332 shares directly and 20 shares indirectly through a trust. No derivative securities were reported, and the filing does not indicate any dispositions or sales.
The transaction appears routine and compensation-related, but it nonetheless modestly increases insider ownership, which some investors view as an incremental governance positive.
Walt Disney Co. (DIS) 鈥� Transazione interna Form 4
Il direttore Michael B. G. Froman ha dichiarato di aver acquisito un totale di 805,7 azioni ordinarie Disney il 30 giugno 2025 a un prezzo indicato di 119,43 $ per azione. L'acquisizione deriva dalla scelta del direttore di ricevere il compenso trimestrale da membro del Consiglio e il premio azionario differito sotto forma di unit脿 azionarie emesse ai sensi del Piano Incentivi Azionari Modificato e Ristabilito del 2011 della societ脿.
Dopo la conversione delle unit脿 in azioni, Froman detiene ora direttamente la propriet脿 beneficiaria di 20.332 azioni e 20 azioni indirettamente tramite un trust. Non sono stati segnalati titoli derivati e la documentazione non indica alcuna disposizione o vendita.
La transazione sembra di routine e legata alla retribuzione, ma aumenta comunque modestamente la propriet脿 interna, un aspetto che alcuni investitori considerano un elemento positivo per la governance.
Walt Disney Co. (DIS) 鈥� Transacci贸n interna Formulario 4
El director Michael B. G. Froman inform贸 la adquisici贸n de un total de 805,7 acciones ordinarias de Disney el 30 de junio de 2025 a un precio indicado de $119,43 por acci贸n. La adquisici贸n result贸 de la elecci贸n del director de recibir su retenci贸n trimestral en efectivo por ser miembro del Consejo y la adjudicaci贸n diferida de acciones en forma de unidades emitidas bajo el Plan de Incentivos de Acciones Enmendado y Restablecido de 2011 de la compa帽铆a.
Tras la conversi贸n de unidades en acciones, Froman posee ahora de manera beneficiaria 20,332 acciones directamente y 20 acciones indirectamente a trav茅s de un fideicomiso. No se reportaron valores derivados y la presentaci贸n no indica disposiciones o ventas.
La transacci贸n parece rutinaria y relacionada con la compensaci贸n, pero aumenta modestamente la propiedad interna, lo que algunos inversores ven como un aspecto positivo adicional en la gobernanza.
鞗旐姼 霐旍雼� 旎错嵓雼� (DIS) 鈥� Form 4 雮措秬鞛� 瓯半灅
鞚挫偓 毵堨澊韥� B. G. 頂勲‖鞎�鞚� 2025雲� 6鞗� 30鞚�鞐� 805.7欤� 霐旍雼� 氤错喌欤�毳� 欤茧嫻 $119.43鞚� 臧�瓴╈溂搿� 旆摑頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞚措矆 旆摑鞚� 鞚挫偓臧� 攵勱赴氤� 鞚挫偓須� 順勱笀 氤挫垬鞕赌 鞚挫棸 欤检嫕 氤挫儊鞚� 須岇偓鞚� 2011雲� 臧滌爼 氚� 鞛檿鞚� 欤检嫕 鞚胳劶韹半笇 瓿勴殟鞐� 霐半澕 欤检嫕 雼渼 順曧儨搿� 氚涥赴搿� 靹犿儩頃� 瓴瓣臣鞛呺媹雼�.
雼渼臧� 欤检嫕鞙茧 鞝勴櫂霅� 頉�, 頂勲‖鞎堨潃 順勳灛 歆侅爲 20,332欤�鞕赌 鞁犿儊鞚� 韱淀暣 臧勳爲鞝侅溂搿� 20欤�毳� 鞁れ 靻岇湢頃橁碃 鞛堨姷雼堧嫟. 韺岇儩 歃濌秾鞚� 氤搓碃霅橃 鞎婌晿鞙茧┌, 鞝滌稖 靹滊鞐愲姅 觳橂秳鞚措倶 毵る弰 雮挫毄鞚� 鞐嗢姷雼堧嫟.
鞚措矆 瓯半灅電� 氤挫儊 甏�霠� 鞚检儊鞝侅澑 瓯半灅搿� 氤挫澊歆�毵�, 雮措秬鞛� 歆�攵勳潉 靻岉彮 歃濌皜鞁滌紲 鞚茧秬 韴瀽鞛愲摛鞐愱矊電� 瓯半矂雱岇姢 旄‰┐鞐愳劀 旮嶌爼鞝侅溂搿� 韽夑皜霅╇媹雼�.
Walt Disney Co. (DIS) 鈥� Transaction d鈥檌niti茅 Formulaire 4
Le directeur Michael B. G. Froman a d茅clar茅 avoir acquis un total de 805,7 actions ordinaires Disney le 30 juin 2025 au prix indiqu茅 de 119,43 $ par action. Cette acquisition r茅sulte du choix du directeur de recevoir sa r茅mun茅ration trimestrielle en esp猫ces pour le conseil d'administration ainsi que sa r茅compense diff茅r茅e en actions sous forme d鈥檜nit茅s d鈥檃ctions 茅mises conform茅ment au Plan d鈥檌ncitation en actions modifi茅 et r茅vis茅 de 2011 de la soci茅t茅.
Suite 脿 la conversion des unit茅s en actions, Froman d茅tient d茅sormais 20 332 actions en propri茅t茅 directe et 20 actions indirectement via une fiducie. Aucun titre d茅riv茅 n鈥檃 茅t茅 d茅clar茅 et le d茅p么t n鈥檌ndique aucune cession ou vente.
Cette transaction semble routini猫re et li茅e 脿 la r茅mun茅ration, mais elle augmente n茅anmoins l茅g猫rement la d茅tention interne, ce que certains investisseurs consid猫rent comme un point positif suppl茅mentaire en mati猫re de gouvernance.
Walt Disney Co. (DIS) 鈥� Insider-Transaktion Form 4
Direktor Michael B. G. Froman meldete den Erwerb von insgesamt 805,7 Disney-Stammaktien am 30. Juni 2025 zu einem angegebenen Preis von 119,43 $ pro Aktie. Der Erwerb resultierte daraus, dass der Direktor sich entschied, seine viertelj盲hrliche Barverg眉tung f眉r den Vorstand und die aufgeschobene Aktienzuteilung in Form von Aktienanteilen gem盲脽 dem Ge盲nderten und Neufassungen des Aktienanreizplans 2011 des Unternehmens zu erhalten.
Nach der Umwandlung der Einheiten in Aktien besitzt Froman nun wirtschaftlich 20.332 Aktien direkt und 20 Aktien indirekt 眉ber einen Trust. Es wurden keine Derivate gemeldet, und die Meldung weist keine Ver盲u脽erungen oder Verk盲ufe aus.
Die Transaktion erscheint routinem盲脽ig und verg眉tungsbezogen, erh枚ht jedoch dennoch geringf眉gig den Insider-Besitz, was einige Investoren als positiven Governance-Aspekt ansehen.
- Director increased direct ownership by 805.7 shares, indicating incremental alignment with shareholders.
- No shares were sold; the entire transaction reflects an ownership increase.
- The acquisition stems from routine equity compensation rather than a discretionary open-market purchase, limiting its signalling value.
- Size is immaterial relative to Disney鈥檚 float, providing negligible fundamental impact.
Insights
TL;DR: Routine stock-unit grant raises Disney director鈥檚 direct stake by 4%, no market-moving impact.
The 805.7-share addition lifts Froman鈥檚 direct holding from roughly 19.5k to 20.3k shares, a ~4% increase. At the disclosed $119.43 price, the grant is valued at about $96k. The filing explicitly states the shares were issued in lieu of cash fees and as a deferred quarterly grant under the 2011 Plan, signalling no discretionary open-market purchase. Given Disney鈥檚 >1.8 bn shares outstanding, the stake change is immaterial to valuation. Still, the absence of sales and the director鈥檚 willingness to take equity compensation modestly aligns board and shareholder interests.
TL;DR: Equity retainer election modestly supports board-shareholder alignment; impact limited.
Equity-based compensation for non-employee directors is standard among large-cap issuers and viewed positively from an agency-cost perspective. By opting for share units, Froman demonstrates confidence in Disney鈥檚 long-term value and increases his ownership to over 20 k shares. However, because the units convert automatically and are not a voluntary open-market buy, signalling power is weaker than a cash-financed purchase. Governance risk is unchanged; no red flags emerge.
Walt Disney Co. (DIS) 鈥� Transazione interna Form 4
Il direttore Michael B. G. Froman ha dichiarato di aver acquisito un totale di 805,7 azioni ordinarie Disney il 30 giugno 2025 a un prezzo indicato di 119,43 $ per azione. L'acquisizione deriva dalla scelta del direttore di ricevere il compenso trimestrale da membro del Consiglio e il premio azionario differito sotto forma di unit脿 azionarie emesse ai sensi del Piano Incentivi Azionari Modificato e Ristabilito del 2011 della societ脿.
Dopo la conversione delle unit脿 in azioni, Froman detiene ora direttamente la propriet脿 beneficiaria di 20.332 azioni e 20 azioni indirettamente tramite un trust. Non sono stati segnalati titoli derivati e la documentazione non indica alcuna disposizione o vendita.
La transazione sembra di routine e legata alla retribuzione, ma aumenta comunque modestamente la propriet脿 interna, un aspetto che alcuni investitori considerano un elemento positivo per la governance.
Walt Disney Co. (DIS) 鈥� Transacci贸n interna Formulario 4
El director Michael B. G. Froman inform贸 la adquisici贸n de un total de 805,7 acciones ordinarias de Disney el 30 de junio de 2025 a un precio indicado de $119,43 por acci贸n. La adquisici贸n result贸 de la elecci贸n del director de recibir su retenci贸n trimestral en efectivo por ser miembro del Consejo y la adjudicaci贸n diferida de acciones en forma de unidades emitidas bajo el Plan de Incentivos de Acciones Enmendado y Restablecido de 2011 de la compa帽铆a.
Tras la conversi贸n de unidades en acciones, Froman posee ahora de manera beneficiaria 20,332 acciones directamente y 20 acciones indirectamente a trav茅s de un fideicomiso. No se reportaron valores derivados y la presentaci贸n no indica disposiciones o ventas.
La transacci贸n parece rutinaria y relacionada con la compensaci贸n, pero aumenta modestamente la propiedad interna, lo que algunos inversores ven como un aspecto positivo adicional en la gobernanza.
鞗旐姼 霐旍雼� 旎错嵓雼� (DIS) 鈥� Form 4 雮措秬鞛� 瓯半灅
鞚挫偓 毵堨澊韥� B. G. 頂勲‖鞎�鞚� 2025雲� 6鞗� 30鞚�鞐� 805.7欤� 霐旍雼� 氤错喌欤�毳� 欤茧嫻 $119.43鞚� 臧�瓴╈溂搿� 旆摑頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞚措矆 旆摑鞚� 鞚挫偓臧� 攵勱赴氤� 鞚挫偓須� 順勱笀 氤挫垬鞕赌 鞚挫棸 欤检嫕 氤挫儊鞚� 須岇偓鞚� 2011雲� 臧滌爼 氚� 鞛檿鞚� 欤检嫕 鞚胳劶韹半笇 瓿勴殟鞐� 霐半澕 欤检嫕 雼渼 順曧儨搿� 氚涥赴搿� 靹犿儩頃� 瓴瓣臣鞛呺媹雼�.
雼渼臧� 欤检嫕鞙茧 鞝勴櫂霅� 頉�, 頂勲‖鞎堨潃 順勳灛 歆侅爲 20,332欤�鞕赌 鞁犿儊鞚� 韱淀暣 臧勳爲鞝侅溂搿� 20欤�毳� 鞁れ 靻岇湢頃橁碃 鞛堨姷雼堧嫟. 韺岇儩 歃濌秾鞚� 氤搓碃霅橃 鞎婌晿鞙茧┌, 鞝滌稖 靹滊鞐愲姅 觳橂秳鞚措倶 毵る弰 雮挫毄鞚� 鞐嗢姷雼堧嫟.
鞚措矆 瓯半灅電� 氤挫儊 甏�霠� 鞚检儊鞝侅澑 瓯半灅搿� 氤挫澊歆�毵�, 雮措秬鞛� 歆�攵勳潉 靻岉彮 歃濌皜鞁滌紲 鞚茧秬 韴瀽鞛愲摛鞐愱矊電� 瓯半矂雱岇姢 旄‰┐鞐愳劀 旮嶌爼鞝侅溂搿� 韽夑皜霅╇媹雼�.
Walt Disney Co. (DIS) 鈥� Transaction d鈥檌niti茅 Formulaire 4
Le directeur Michael B. G. Froman a d茅clar茅 avoir acquis un total de 805,7 actions ordinaires Disney le 30 juin 2025 au prix indiqu茅 de 119,43 $ par action. Cette acquisition r茅sulte du choix du directeur de recevoir sa r茅mun茅ration trimestrielle en esp猫ces pour le conseil d'administration ainsi que sa r茅compense diff茅r茅e en actions sous forme d鈥檜nit茅s d鈥檃ctions 茅mises conform茅ment au Plan d鈥檌ncitation en actions modifi茅 et r茅vis茅 de 2011 de la soci茅t茅.
Suite 脿 la conversion des unit茅s en actions, Froman d茅tient d茅sormais 20 332 actions en propri茅t茅 directe et 20 actions indirectement via une fiducie. Aucun titre d茅riv茅 n鈥檃 茅t茅 d茅clar茅 et le d茅p么t n鈥檌ndique aucune cession ou vente.
Cette transaction semble routini猫re et li茅e 脿 la r茅mun茅ration, mais elle augmente n茅anmoins l茅g猫rement la d茅tention interne, ce que certains investisseurs consid猫rent comme un point positif suppl茅mentaire en mati猫re de gouvernance.
Walt Disney Co. (DIS) 鈥� Insider-Transaktion Form 4
Direktor Michael B. G. Froman meldete den Erwerb von insgesamt 805,7 Disney-Stammaktien am 30. Juni 2025 zu einem angegebenen Preis von 119,43 $ pro Aktie. Der Erwerb resultierte daraus, dass der Direktor sich entschied, seine viertelj盲hrliche Barverg眉tung f眉r den Vorstand und die aufgeschobene Aktienzuteilung in Form von Aktienanteilen gem盲脽 dem Ge盲nderten und Neufassungen des Aktienanreizplans 2011 des Unternehmens zu erhalten.
Nach der Umwandlung der Einheiten in Aktien besitzt Froman nun wirtschaftlich 20.332 Aktien direkt und 20 Aktien indirekt 眉ber einen Trust. Es wurden keine Derivate gemeldet, und die Meldung weist keine Ver盲u脽erungen oder Verk盲ufe aus.
Die Transaktion erscheint routinem盲脽ig und verg眉tungsbezogen, erh枚ht jedoch dennoch geringf眉gig den Insider-Besitz, was einige Investoren als positiven Governance-Aspekt ansehen.
FAQ
How many Disney (DIS) shares did Director Michael Froman acquire?
What was the transaction price reported in the Form 4?
Is the transaction an open-market purchase or part of compensation?
What is Michael Froman鈥檚 total Disney share ownership after the transaction?
Were any derivative securities reported in this filing?
