Walt Disney Co — Director's Dealing 2021

Dec 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walt Disney Co (DIS)
CIK: 0001744489
Period of Report: 2021-12-17

Reporting Person: Richardson Paul J (Sr. EVP and Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-17	Restricted Stock Unit	M	988	—	Acquired	988	Direct
2021-12-17	Restricted Stock Unit	F	490	$148.205	Disposed	498	Direct
2021-12-17	Restricted Stock Unit	M	884	—	Acquired	1382	Direct
2021-12-17	Restricted Stock Unit	F	439	$148.205	Disposed	943	Direct
2021-12-19	Restricted Stock Unit	M	1354	—	Acquired	2297	Direct
2021-12-19	Restricted Stock Unit	F	672	$148.205	Disposed	1625	Direct
2021-12-19	Restricted Stock Unit	M	1307	—	Acquired	2932	Direct
2021-12-19	Restricted Stock Unit	F	649	$148.205	Disposed	2283	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-17	Restricted Stock Unit	$	M	988	Disposed		Disney Common Stock (988.0)	Direct
2021-12-17	Restricted Stock Unit	$	M	884	Disposed		Disney Common Stock (884.0)	Direct
2021-12-19	Restricted Stock Unit	$	M	1354	Disposed	2021-12-19	Disney Common Stock (1354.0)	Direct
2021-12-19	Restricted Stock Unit	$	M	1307	Disposed		Disney Common Stock (1307.0)	Direct

Footnotes

F1: Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan. The remaining stock units vest as to 988 stock units on each December 17 of 2022 and 2023.

F2: Restricted stock units convert into common stock at 1-for-1.

F3: The 490 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction.

F4: Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan. The remaining stock units vest as to 883 stock units on December 17, 2022, and as to 884 stock units on December 17, 2023.

F5: The 439 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction.

F6: Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof.

F7: The 672 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction.

F8: Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof. The remaining 1,308 stock units vest on December 19, 2022.

F9: The 649 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction.