The Walt Disney Company

03/20/2026 | Press release | Distributed by Public on 03/20/2026 17:01

Initial Statement of Beneficial Ownership (Form 3)

FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Roeder Paul M
2. Date of Event Requiring Statement (Month/Day/Year)
03/19/2026
3. Issuer Name and Ticker or Trading Symbol
Walt Disney Co [DIS]
(Last) (First) (Middle)
500 SOUTH BUENA VISTA STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr EVP and Chief Comm Officer
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)
BURBANK, CA 91521
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Disney Common Stock 2 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right-to-Buy) (1) 03/18/2036 Disney Common Stock 5,090 $100.01 D
Stock Option (Right-to-Buy) (2) 01/15/2036 Disney Common Stock 12,834 $113.14 D
Stock Option (Right-to-Buy) (3) 01/15/2035 Disney Common Stock 10,645 $108.795 D
Stock Option (Right-to-Buy) (4) 12/15/2033 Disney Common Stock 11,234 $93.439 D
Stock Option (Right-to-Buy) (5) 07/17/2033 Disney Common Stock 832 $86.895 D
Stock Option (Right-to-Buy) (6) 06/22/2031 Disney Common Stock 3,055 $173.525 D
Stock Option (Right-to-Buy) (6) 03/08/2031 Disney Common Stock 2,309 $198.405 D
Stock Option (Right-to-Buy) (6) 12/17/2030 Disney Common Stock 2,874 $173.4 D
Stock Option (Right-to-Buy) (6) 12/17/2029 Disney Common Stock 8,803 $148.04 D
Stock Option (Right-to-Buy) (6) 12/19/2028 Disney Common Stock 7,663 $110.5381 D
Stock Option (Right-to-Buy) (6) 12/19/2027 Disney Common Stock 7,140 $111.58 D
Stock Option (Right-to-Buy) (6) 12/21/2026 Disney Common Stock 4,854 $105.21 D
Restricted Stock Unit (7) (7) Disney Common Stock 1,725 (8) D
Restricted Stock Unit (9) (9) Disney Common Stock 9,900 (8) D
Restricted Stock Unit (10) (10) Disney Common Stock 5,869 (8) D
Restricted Stock Unit (11) (11) Disney Common Stock 3,068 (8) D
Restricted Stock Unit (12) (12) Disney Common Stock 955 (8) D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Roeder Paul M
500 SOUTH BUENA VISTA STREET
BURBANK, CA 91521
Sr EVP and Chief Comm Officer

Signatures

/s/ Karen Young, as attorney-in-fact 03/20/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option is scheduled to vest as to 1,697 stock units on each March 18 of 2027 and 2029 and 1,696 stock units on March 18, 2028. In connection with this stock option award, the reporting person also was awarded restricted stock units whose vesting is subject to performance vesting criteria. The number of stock units vesting depends on the extent to which the performance criteria are satisfied, and ranges from zero to 6,574, not including potential accrued dividends.
(2) Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option is scheduled to vest as to 2,138 shares on July 15, 2026, 2,139 shares on each January 15 of 2027 and 2028 and each July 15 of 2027 and 2028 and 2,140 shares on January 15, 2029.
(3) Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option has vested as to 3,548 shares. The unvested portion of the option is scheduled to vest as to 1,774 shares on each July 15 of 2026 and 2027 and January 15, 2027 and as to 1,775 shares on January 15, 2028.
(4) Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option has vested as to 7,488 shares. The unvested portion of the option is scheduled to vest as to 1,872 shares on June 15, 2026 and 1,874 shares on December 15, 2026.
(5) Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option has vested as to 693 shares. The unvested portion of the option vests in a single installment of 139 shares on July 17, 2026.
(6) Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option is fully vested.
(7) This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The award is scheduled to vest as to 575 stock units on each March 18 of 2027, 2028 and 2029.
(8) Restricted stock units convert into common stock at 1-for-1.
(9) This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The award is scheduled to vest as to 1,649 stock units on each July 15 of 2026, 2027 and 2028 and 1,651 stock units on each January 15 of 2027, 2028 and 2029.
(10) This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The unvested portion of the award is scheduled to vest as to 1,466 stock units on July 15, 2026, 1,468 stock units on each January 15 of 2027 and 2028 and 1,467 stock units on July 15, 2027. Includes dividend equivalents accrued on the award.
(11) This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The unvested portion of the award is scheduled to vest as to 1,533 stock units on June 15, 2026 and 1,535 stock units on December 15, 2026. Includes dividend equivalents accrued on the award.
(12) This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The unvested portion of the award is scheduled to vest as to its remaining 955 stock units on July 17, 2026. Includes dividend equivalents accrued on the award.

Remarks:
Exhibit 24 - Power of Attorney
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