Horacio E. Gutierrez, Senior Executive Vice President, Chief Legal and Global Affairs Officer at Walt Disney Co, filed a Form 4 on November 6, 2026, disclosing the sale of 20,552 shares of Disney Common Stock on November 5, 2026.

Key Highlights

  • Reporting person: Horacio E. Gutierrez, identified in the filing as SEVP, CL&GAO of Walt Disney Co (NYSE:DIS)
  • Shares sold: 20,552 shares of Disney Common Stock disposed of on November 5, 2026
  • Sale price: $120 per share, as reported in the filing
  • Remaining holdings: 37,765 shares of Disney Common Stock held directly following the transaction
  • Rule 10b5-1 plan: The sale was made pursuant to a written plan adopted by Gutierrez on December 11, 2025, intended to satisfy Rule 10b5-1(c) affirmative defense conditions
  • Filing signed: By Karen Young as attorney-in-fact on November 6, 2026

Gutierrez Disposition of Disney Common Stock Under Pre-Established Trading Plan

According to the filing, Horacio E. Gutierrez, who serves as Senior Executive Vice President, Chief Legal and Global Affairs Officer (SEVP, CL&GAO) at Walt Disney Co, disposed of 20,552 shares of Disney Common Stock on November 5, 2026, at a price of $120 per share. The transaction is coded "S" in Table I of the Form 4, indicating a sale. Following the reported transaction, the filing states that Gutierrez directly holds 37,765 shares of Disney Common Stock.

The filing notes that the transaction was carried out under a contract, instruction, or written plan previously adopted by the reporting person on December 11, 2025, and that the plan "is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)." No derivative securities transactions were reported in Table II of the filing. The form was filed by one reporting person and signed by Karen Young as attorney-in-fact on November 6, 2026, pursuant to a Power of Attorney listed as Exhibit 24.

No other transactions were reported in this Form 4 filing. The filing does not describe any indirect beneficial ownership or any other classes of securities held by the reporting person.

What Was Disclosed

The filing disclosed the sale of 20,552 shares of Walt Disney Co common stock by officer Horacio E. Gutierrez on November 5, 2026, at $120 per share under a pre-established Rule 10b5-1 plan, leaving him with 37,765 directly held shares.